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Thales Stock: price and insider trades · France
1 insider bought €34k of shares over the last 90 days, the latest filed 02 Oct 2026.
Thales: what insiders have been doing
This page follows insider dealings at Thales as filed with AMF, a company from the Defense & Aerospace sector based in Meudon, France. The group dates from 2000. Its latest reported headcount is 83,020 employees (2024). From 18 October 2025 to 18 October 2026, the disclosure feed for Thales logged 3 filings by 2 insiders.
The flow runs one way only: 2 insiders bought (3 purchases totalling €3.0M) and nobody sold on the market. Unlike grants, an open-market purchase is paid for by the insider, at the market price. At €2.9M, the purchase published on 26 June 2026 by Psc Eden Rock is the largest of the period (0.0062% of market cap). On the buying side, the filings list 1 board member among the declarants.
Across the 316 companies tracked on its exchange, the median is 6 filings; at 3 filings, this issuer sits below that mark. The full history, which starts in 2021, counts 30 purchases against 25 sales.
The clock since the last published purchase (2 October 2026) now reads 15 days. Typically, a trade is published a median of 1 day after it takes place. The regulation allows three business days to notify a trade (MAR article 19).
In the same sector, recent insider purchases at Heico Corp also feature in our signals. This summary is built from AMF disclosures alone and does not predict where the share price will go.
Insider Decl.
101
Thresholds
n/a
Buy Volume
€305M
30 ops. · all time
Sell Volume
€6M
25 ops. · all time
Who traded when
BuySaleAnne Madeleine Claude Rigail2 buys
Herve Dammann1 sale
Psc Eden Rock1 buy
Valerie GUILLEMET1 buy
Since the insiders bought
- +2.2%Entry €220.50 · Close 14 Oct 2026 €225.40
- -2.9%Entry €232.10 · Close 14 Oct 2026 €225.40
- +6.0%Entry €229.70 · Close at T+365 €243.40
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
Analyst consensus: bullish or bearish?
Analysts rate Thales Buy (bullish), based on 18 analysts. Average price target: €293.61.
Fundamental score
Ranked 10,227 of 24,148 companies
55.5
score / 100
Value51
Quality60
FCF yld5.3%
Earn yld3.5%
EV/EBITDA15.9x
ROE19%
Gross mgn26%
Net mgn7.6%
Debt/EBITDA1.8x
Pillars2/3
Transparent value + quality ranking, distinct from the insider signal.
Financial data
as of FY 2025FY ended December 2025 · cache
€224.70
Analyst consensus
18 analystsBuy
€250.00Target €293.61(+31%)€335.00
Income statement
Revenue€22.1B
Gross profit€5.9B26% margin
EBITDA€3.4B15% margin
Net income€1.7B6.6% margin
Valuation
PER (trailing)31.0x
PER (forward)18.1x
P/Book5.8x
Beta0.14
Balance sheet & cash
Market cap€46.2B
Total debt€6.1B
Free Cash Flow€2.6B
Debt / Equity70%
Profitability & ownership
ROE19.4%
ROA3.8%
% insiders56.2%
% institutions23.7%
Last declaration on 2 October 2026
Declarations101 total
150 shares@ €224.400.0001% mcap29.5% of flowActionEuronext ParisISIN FR00001213292026DD1141870
Canonical exit: 30 Dec 2026 (T+90)
12,700 shares@ €227.28630.0062% mcap100.0% of flowActionEuronext ParisISIN FR00001213292026DD1123145
Canonical exit: 20 Sept 2026 (T+90)
350 shares@ €229.600.0002% mcap100.0% of flowActionEuronext Access ParisISIN FR00001213292026DD1116246
Canonical exit: 19 Aug 2026 (T+90)
500 shares@ €239.10100.0% of flowActionEuronext ParisISIN FR00001213292025DD1049653
Canonical exit: 23 Oct 2025 (T+90)
1,000 shares@ €250.00100.0% of flowActionEuronext ParisISIN FR00001213292025DD1028351
2,891 shares@ €166.1550.1% of flowActionHors plateforme de négociationISIN FR00001213292025DD1023914
1,605 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1010312
2,000 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1010316
1,000 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1010319
3,745 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1010288
3,745 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007595
215 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007613
3,745 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007737
6,420 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007688
6,420 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007702
5,350 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007714
7,500 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007734
5,350 shares0ActionHors plateforme de négociationISIN FR00001213292024DD1007675
500 shares@ €152.9598100.0% of flowActionEuronext ParisISIN FR00001213292024DD1002383
Canonical exit: 23 Jan 2025 (T+90)
563 shares@ €148.5852100.0% of flowActionEuronext ParisISIN FR00001213292024DD997493
5,114 shares@ €146.95100.0% of flowActionEuronext ParisISIN FR00001213292024DD994063
500 shares@ €145.658100.0% of flowActionEuronext ParisISIN FR00001213292024DD954492
Canonical exit: 6 Jun 2024 (T+90)
13,851 shares@ €135.92870.6% of flowActionPlaces multiplesISIN FR00001213292023DD942620
Canonical exit: 11 Mar 2024 (T+90)
216,149 shares@ €137.58869.9% of flowActionPlaces multiplesISIN FR00001213292023DD942398
Canonical exit: 10 Mar 2024 (T+90)
63,520 shares@ €138.90632.9% of flowActionPlaces multiplesISIN FR00001213292023DD941179
Canonical exit: 29 Feb 2024 (T+90)
25 of 101 declarations
About Thales
Thales is a leading French technology group focused on defence, aerospace, cybersecurity and digital solutions. Listed on Euronext Paris under ticker HO (ISIN FR0000121329), the company is a major global player with activities structured around three core segments: Defence & Security, Aerospace, and Cyber & Digital. In its most recent financial disclosure, Thales reported 2024 revenue of €20.6 billion, order intake of €25.3 billion and a record order backlog, underscoring its commercial momentum and strong visibility.
Thales’ origins date back to 1893, a milestone commonly used to describe the roots of its industrial history. Over time, the group has built its platform through continuous innovation and strategic combinations. More recently, it has accelerated its transformation through major acquisitions in cybersecurity and digital technologies, including Gemalto, Imperva and Cobham AeroComms, strengthening its technological breadth and its exposure to high-growth markets.
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The group designs and delivers a wide range of mission-critical systems, equipment and services: radars, command systems, secure communications, optronics, sonar systems, avionics, embedded systems, infrastructure protection solutions, digital identity, cryptography, data management and cybersecurity. Thales stands out for its ability to integrate highly complex technologies for government, military, civil and industrial customers. Its cyber activities are especially prominent, with the company presenting itself as a global leader in cybersecurity and data security.
Thales has a truly international footprint. It operates in more than 60 countries and serves a global customer base, with a particularly strong presence in Europe, North America, Asia-Pacific, the Middle East and emerging markets. This geographic reach allows the company to combine close relationships with sovereign and institutional customers with access to attractive export markets.
Thales holds a strategic position in the European defence and advanced-technology ecosystem. Its business model is supported by high barriers to entry, long R&D cycles, strong demand for sovereign capabilities and a substantial base of recurring contracts. In 2025, the group reaffirmed profitable growth objectives, reflecting sustained operational momentum and financial discipline. For investors, Thales offers a combination of growth, defence exposure, cybersecurity expansion and backlog visibility, making it one of the French market’s most important industrial and technology names.
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