Octave Intelligence plc notified on managerial transactions converting Swedish depository receipts into ordinary shares on July 9, 2026.
Quiver AI Summary
Octave Intelligence plc has reported multiple transactions by its managerial personnel in compliance with the EU Market Abuse Regulation. Mattias Stenberg (CEO) converted 16,817 Octave Swedish depository receipts (SDRs) into Class B ordinary shares on July 9, 2026. Similarly, Anthony Zana (Chief Legal Officer) converted 2,277 SDRs into shares on the same date, and Michael Scott Moore (Chief Operating Officer) converted 15,000 SDRs into shares. All conversions were executed at a 1:1 ratio and occurred outside a trading venue. The Octave SDRs are listed on Nasdaq Stockholm, while the Octave Shares are traded on the Nasdaq Stock Market in New York.
Potential Positives
- Transactions involve high-ranking officials (CEO, Chief Legal Officer, Chief Operating Officer), indicating active engagement and potentially reinforcing investor confidence.
- Conversion of Swedish depository receipts into common shares may reflect a positive outlook on the company's stock performance.
- Detailed compliance with market regulations demonstrates transparency and adherence to legal requirements, enhancing corporate governance reputation.
- The listing of Octave shares on prominent markets (Nasdaq Stockholm and Nasdaq Stock Market) helps improve visibility and accessibility for investors.
Potential Negatives
- Notification of insider transactions could indicate a lack of confidence in the company's stock performance, as executives may be converting shares during uncertain times.
- The fact that these transactions are converted outside a trading venue may raise concerns about transparency and liquidity of the Octave shares.
- The simultaneous conversions by multiple executives could suggest a coordinated move that might be viewed negatively by investors perceiving it as a potential exit strategy by management.
FAQ
What is the recent transaction announced by Octave Intelligence?
Recent transactions involved the conversion of Octave SDRs into Octave Shares by key management personnel.
Who are the persons discharging managerial responsibilities at Octave?
The notified persons include Mattias Stenberg, Anthony Zana, and Michael Scott Moore, holding executive positions in the company.
When did the transactions take place?
The transactions were executed on July 9, 2026, as part of the conversion process.
What types of financial instruments are involved?
The transactions pertain to Octave Swedish depository receipts (SDRs) and Octave class B ordinary shares.
Where can Octave Shares and SDRs be traded?
Octave Shares are listed on the Nasdaq Stock Market in New York, while Octave SDRs are listed on Nasdaq Stockholm.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$OCTV Hedge Fund Activity
We have seen 1 institutional investors add shares of $OCTV stock to their portfolio, and 0 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- O'KEEFE STEVENS ADVISORY, INC. added 28,261 shares (+inf%) to their portfolio in Q2 2026, for an estimated $460,654
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.
$OCTV Price Targets
Multiple analysts have issued price targets for $OCTV recently. We have seen 5 analysts offer price targets for $OCTV in the last 6 months, with a median target of $20.0.
Here are some recent targets:
- Alice Jennings from Barclays set a target price of $18.0 on 06/18/2026
- Kirk Materne from Evercore ISI Group set a target price of $20.0 on 06/12/2026
- Matthew Hedberg from RBC Capital set a target price of $21.0 on 06/02/2026
- Gabriela Borges from Goldman Sachs set a target price of $17.0 on 06/01/2026
- John Difucci from Guggenheim set a target price of $30.0 on 05/29/2026
Full Release
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 |
Details of the person discharging managerial responsibilities/person closely associated
|
||||
| a) | Name |
Mattias Stenberg
|
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| 2 |
Reason for the notification
|
||||
| a) | Position/status | CEO / Board Member | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
| a) | Name |
Octave Intelligence plc (“Octave”)
|
|||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
||||
| a) |
Description of the financial instrument,
type of instrument Identification code |
Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433.
Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. |
|||
| b) | Nature of the transaction | Conversion of Octave SDRs into Octave Shares on a 1:1 basis. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
|
NOAP
|
16,817 Octave shares. | ||||
| d) |
Aggregated information
— Aggregated volume — Price |
N/A
|
|||
| e) | Date of the transaction |
2026-07-09
The Octave SDRs were converted into Octave Shares, with the Octave Shares being received by the PDMR on 09 July 2026. |
|||
| f) | Place of the transaction |
Outside a trading venue
|
|||
| g) | Additional Information |
Octave
SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433.
Octave Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. |
|||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 |
Details of the person discharging managerial responsibilities/person closely associated
|
||||
| a) | Name | Anthony Zana | |||
| 2 |
Reason for the notification
|
||||
| a) | Position/status | Chief Legal Officer and Corporate Secretary | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
||||
| a) |
Description of the financial instrument,
type of instrument Identification code |
Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433.
Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. |
|||
| b) | Nature of the transaction | Conversion of Octave SDRs into Octave Shares on a 1:1 basis. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
|
NOAP
|
2,277 Octave shares. | ||||
| d) |
Aggregated information
— Aggregated volume — Price |
N/A | |||
| e) | Date of the transaction |
2026-07-09
The Octave SDRs were converted into Octave Shares, with the Octave Shares being received by the PDMR on 09 July 2026. |
|||
| f) | Place of the transaction |
Outside a trading venue
|
|||
| g) | Additional Information |
Octave
SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433.
Octave Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. |
|||
Notification of Transactions by Persons Discharging Managerial Responsibilities and Persons Closely Associated with them
[This form is required for disclosure of transactions under Article 19 of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulation)]
| 1 |
Details of the person discharging managerial responsibilities/person closely associated
|
||||
| a) | Name | Michael Scott Moore | |||
| 2 |
Reason for the notification
|
||||
| a) | Position/status | Chief Operating Officer | |||
| b) | Initial Notification Amendment | Initial Notification | |||
| 3 |
Details of the issuer, emission allowance market participant, auction platform, auctioneer or auction monitor
|
||||
| a) | Name | Octave Intelligence plc (“Octave”) | |||
| b) | LEI | 254900BNJKBGSU9LON27 | |||
| 4 |
Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
|
||||
| a) |
Description of the financial instrument,
type of instrument Identification code |
Octave Swedish depository receipts ("Octave SDRs") with ISIN code SE0028329433.
Octave class B ordinary shares (“Octave Shares”) with ISIN code IE0003YHD8K8. |
|||
| b) | Nature of the transaction | Conversion of Octave SDRs into Octave Shares on a 1:1 basis. | |||
| c) | Price(s) and volume(s) | ||||
| Price(s) | Volume(s) | ||||
|
NOAP
|
15,000 Octave shares. | ||||
| d) |
Aggregated information
— Aggregated volume — Price |
N/A | |||
| e) | Date of the transaction |
2026-07-09
The Octave SDRs were converted into Octave Shares, with the Octave Shares being received by the PDMR on 09 July 2026. |
|||
| f) | Place of the transaction |
Outside a trading venue
|
|||
| g) | Additional Information |
Octave
SDRs are issued by Skandinaviska Enskilda Banken AB (publ) and are listed on Nasdaq Stockholm under the ticker symbol "OCTV SDB" with the ISIN code SE0028329433.
Octave Shares are listed on the Nasdaq Stock Market in New York under the ticker symbol "OCTV" with the ISIN code IE0003YHD8K8. |
|||
