{
 "as_of": "2026-11-06",
 "cmr": "de-cm-kg/XETRA/NA9",
 "fence": "The page is the record's research on the issuer — no analyst, no rating, no view.",
 "markdown": "The page is the record's research on the issuer — no analyst, no rating, no view.\n\n# NAGARRO SE  NA O.N. (Xetra: NA9) — research page\n\nAs of 2026-11-06 · de-cm-kg · record version 1\n\n## Identity and listing\n\nNAGARRO SE NA O.N. is listed on Xetra under ticker NA9, ISIN DE000A3H2200, LEI 9845008396BA67DA9B37. Its security type is Corporate and its segment is SDAX. Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Jurisdiction is Germany (Handelsregister HRB). Status is listed, not halted.\n\n## The disclosure read\n\nThe record holds 17 filings in the twelve months to 2026-11-06, on 10 filing days. The median gap between filing days is 28 days. The latest filing is dated 2026-10-29, 8 days before the record date, and is of type major_holder. Filings by type are: ad_hoc 3, corporate_news 4, directors_dealings 2, major_holder 3, newswire_release 4, results 1. The Xetra exchange median is 22.8 days cadence, 6 filings and 5.5 days latency across 419 issuers, so this issuer's cadence of 28 days is above that median. Sector peer figures are not on the record for DE.\n\n## Auditor\n\nThe auditor of record is KPMG AG Wirtschaftsprüfungsgesellschaft, Berlin. The auditor's location field is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.\n\n## Events and halts\n\nListing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag is listed, not halted.\n\n## Orderability\n\nThe outcome is determinable for all three client categories: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, each with signal ACM-200. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with chapter as of 2026-11-04.\n\n## Coverage\n\nSix research houses are named on the issuer's investor-relations page: MWB Research, Warburg Research, Jefferies, ODDO BHF, Stifel and Commerzbank.\n\n## Open research\n\nThe record holds four openly published research notes, all from Warburg Research: 2025-08-14, 2025-05-28, 2025-01-23 and 2021-05-19.\n\n## Licensed\n\nLicensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.\n\n## As-of depth\n\nThe market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record start date is not on the record.\n\n## Sources\n\n13 source pages are named on this page; every value above carries its own source page and read date in the numbers.\n\n- https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (identity.exchange)\n- https://api.gleif.org/api/v1/lei-records/9845008396BA67DA9B37 (identity.jurisdiction)\n- https://mapping.gleif.org/api/v2/isin-lei/latest/download (identity.lei)\n- https://mcp.de-cm-kg.ai/events/XETRA/NA9 (the disclosure lines)\n- https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list (the halt flag)\n- https://www.nagarro.com/hubfs/Investors/InvestorDocuments/AGM-2025-Final_files/AGM-2025-EN/Nagarro-SE-oHV-2025-Invitation%20to%20the%20Annual%20General%20Meeting%202025%20of%20Nagarro%20SE%20and%20agenda.pdf?hsLang=en (the auditor)\n- https://mcp.de-cm-kg.ai/book/aio.json (the orderability chapter)\n- https://www.nagarro.com/en/investor-relations/financial-and-stock-information (coverage)\n- https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research_Nagarro_Comment_20250814.pdf?hsLang=en (open research)\n- https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research%2020250528.pdf?hsLang=en (open research)\n- https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research%2020250123.pdf?hsLang=de (open research)\n- https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research_Initiation%20Report_en_20210519.pdf?hsLang=de (open research)\n- https://mcp.de-cm-kg.ai/record/XETRA/NA9 (the record)\n",
 "market": "DE",
 "node": "de-cm-kg",
 "numbers": {
  "as_of_depth": {
   "issuer_years_sealed": [],
   "live_record_began": null,
   "node_history_from": null,
   "node_years_sealed": [],
   "note": "the DE vintage is not sealed; the record is the live record as of 2026-11-06",
   "record_version": 1,
   "sealed": false
  },
  "auditor": {
   "auditor": {
    "read_by": "read by ChatGPT (batch)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/AGM-2025-Final_files/AGM-2025-EN/Nagarro-SE-oHV-2025-Invitation%20to%20the%20Annual%20General%20Meeting%202025%20of%20Nagarro%20SE%20and%20agenda.pdf?hsLang=en",
    "state": "filled",
    "value": "KPMG AG Wirtschaftsprüfungsgesellschaft, Berlin"
   },
   "auditor_firm_id": {
    "market": "DE",
    "state": "not_on_record"
   },
   "auditor_location": {
    "market": "DE",
    "state": "not_on_record"
   },
   "changes": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "cmr": "de-cm-kg/XETRA/NA9",
  "coverage": {
   "count": 6,
   "houses": [
    {
     "house": "MWB Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information",
     "state": "sourced"
    },
    {
     "house": "Warburg Research",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information",
     "state": "sourced"
    },
    {
     "house": "Jefferies",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information",
     "state": "sourced"
    },
    {
     "house": "ODDO BHF",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information",
     "state": "sourced"
    },
    {
     "house": "Stifel",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information",
     "state": "sourced"
    },
    {
     "house": "Commerzbank",
     "read_by": "issuer IR page, fetched by this rail; each house name read on the page",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information",
     "state": "sourced"
    }
   ],
   "pages_checked": [
    {
     "page": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information",
     "result": "read: 6 of 10 named houses found on the page"
    }
   ],
   "read_by": "Perplexity sonar (search) · page read by this rail",
   "read_date": "2026-11-12",
   "since": "not stated on the page read",
   "state": "found"
  },
  "disclosure": {
   "against": {
    "exchange": {
     "issuers": 419,
     "median_cadence_gap_days": 22.8,
     "median_filings": 6,
     "median_latency_days": 5.5,
     "name": "Xetra"
    },
    "sector": {
     "market": "DE",
     "state": "not_on_record"
    }
   },
   "by_type": {
    "ad_hoc": 3,
    "corporate_news": 4,
    "directors_dealings": 2,
    "major_holder": 3,
    "newswire_release": 4,
    "results": 1
   },
   "cadence_median_gap_days": 28,
   "filing_days": 10,
   "filings": 17,
   "latency_days": 8,
   "latest": [
    {
     "category": "voting-rights",
     "date": "2026-10-29",
     "source": "https://www.eqs-news.com/news/voting-rights/morgan-stanley-wilmington-delaware-united-states-of-america-usa/0f6e2f14-c93c-42d4-957e-99d3f82c3871_en",
     "title": "Nagarro SE Morgan Stanley, Wilmington, Delaware, United ...",
     "type": "major_holder"
    },
    {
     "category": "voting-rights",
     "date": "2026-10-29",
     "source": "https://www.eqs-news.com/news/voting-rights/morgan-stanley-wilmington-delaware-united-states-of-america-usa/0f6e2f14-c93c-42d4-957e-99d3f82c3871",
     "title": "Nagarro SE Morgan Stanley, Wilmington, Delaware, United ...",
     "type": "major_holder"
    },
    {
     "category": "voting-rights",
     "date": "2026-09-11",
     "source": "https://www.eqs-news.com/news/voting-rights/jpmorgan-chase-co-wilmington-delaware-united-states-of-america-usa/3803f462-c4e4-4007-a716-ea94f4a4eb05_en",
     "title": "Nagarro SE JPMorgan Chase & Co., Wilmington, Delaware, United ...",
     "type": "major_holder"
    },
    {
     "category": "eigengeschaefte-von-fuehrungspersonen",
     "date": "2026-09-11",
     "source": "https://www.eqs-news.com/news/eigengeschaefte-von-fuehrungspersonen/nagarro-se-jack-clemons-verkauf/3f3db407-ccea-470f-b073-722371f6fd6b_de",
     "title": "Nagarro SE: Jack Clemons, Verkauf | Directors' Dealings - EQS News",
     "type": "directors_dealings"
    },
    {
     "category": "directors-dealings",
     "date": "2026-09-11",
     "source": "https://www.eqs-news.com/news/directors-dealings/nagarro-se-jack-clemons-sell/3f3db407-ccea-470f-b073-722371f6fd6b_en",
     "title": "Nagarro SE: Jack Clemons, sell | Directors' Dealings - EQS News",
     "type": "directors_dealings"
    }
   ],
   "latest_filing_date": "2026-10-29",
   "read": "the node's event lines (list_events_since), as get_filings serves them",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/NA9",
   "window": {
    "from": "2025-11-06",
    "to": "2026-11-06"
   }
  },
  "identity": {
   "exchange": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Xetra"
   },
   "isin": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "confirmed",
    "value": "DE000A3H2200"
   },
   "jurisdiction": {
    "read_by": "GLEIF LEI record (LEI per the LEI column) (registeredAs)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://api.gleif.org/api/v1/lei-records/9845008396BA67DA9B37",
    "state": "sourced",
    "value": "Germany (Handelsregister HRB)"
   },
   "lei": {
    "read_by": "GLEIF ISIN-to-LEI mapping file (daily), LEI by exact ISIN",
    "read_date": "2026-11-09",
    "read_date_basis": "the field",
    "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download (ISIN DE000A3H2200)",
    "state": "sourced",
    "value": "9845008396BA67DA9B37"
   },
   "name": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "NAGARRO SE  NA O.N."
   },
   "sector": {
    "market": "DE",
    "reason": "the Xetra instruments file carries index membership, not a sector classification",
    "state": "not_on_record"
   },
   "security_type": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "Corporate"
   },
   "segment": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "SDAX"
   },
   "ticker": {
    "read_by": "Xetra all-tradable-instruments file (exchange list, daily) (Date Last Update:;11.09.2026)",
    "read_date": "2026-11-06",
    "read_date_basis": "the record version as_of",
    "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares (file allTradableInstruments.csv)",
    "state": "sourced",
    "value": "NA9"
   },
   "website": {
    "market": "DE",
    "state": "not_on_record"
   }
  },
  "licensed": {
   "columns": [
    "licensor",
    "entitlement",
    "title",
    "date",
    "source"
   ],
   "rows": [],
   "rule": "A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded."
  },
  "lifecycle": {
   "delisting": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "domicile_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "listing": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "name_change": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   },
   "segment_move": {
    "market": "DE",
    "reason": "no lifecycle type map for this register yet (SHELF-01: us and ca first)",
    "state": "not_on_record"
   }
  },
  "market": "DE",
  "node": "de-cm-kg",
  "numbers_hash": "sha256:f80de09cde33e92e14800aaa16515b731cdf72f150cda76d365b45bd449eb864",
  "open_research": {
   "read_date": "2026-11-12",
   "rows": [
    {
     "date": "2025-08-14",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research_Nagarro_Comment_20250814.pdf?hsLang=en",
     "state": "sourced",
     "title": "Nagarro Buy EUR 90.00"
    },
    {
     "date": "2025-05-28",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research%2020250528.pdf?hsLang=en",
     "state": "sourced",
     "title": "Nagarro Comment"
    },
    {
     "date": "2025-01-23",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research%2020250123.pdf?hsLang=de",
     "state": "sourced",
     "title": "Nagarro Comment"
    },
    {
     "date": "2021-05-19",
     "kind": "issuer-sponsored",
     "publisher": "Warburg Research",
     "read_by": "the note's link answers (200 application/pdf); a document, not read as text",
     "read_date": "2026-11-12",
     "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research_Initiation%20Report_en_20210519.pdf?hsLang=de",
     "state": "sourced",
     "title": "Nagarro Buy EUR 135.00"
    }
   ],
   "state": "found"
  },
  "orderability": {
   "chapter_as_of": "2026-11-04",
   "client_categories": [
    "Professionelle Kunden",
    "Privatkunden",
    "Geeignete Gegenparteien"
   ],
   "outcomes": {
    "Geeignete Gegenparteien": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Privatkunden": {
     "determinable": true,
     "signal": "ACM-200"
    },
    "Professionelle Kunden": {
     "determinable": true,
     "signal": "ACM-200"
    }
   },
   "read": {
    "basis": "one live read per instrument class, halt state and client category on this market; this issuer's group",
    "chapter": "https://mcp.de-cm-kg.ai/book/aio.json",
    "door": "https://mcp.de-cm-kg.ai/mcp",
    "tool": "get_orderability"
   },
   "rule_version": "acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1",
   "section": "de.aio.v13"
  },
  "record": {
   "as_of": "2026-11-06",
   "url": "https://mcp.de-cm-kg.ai/record/XETRA/NA9",
   "version": 1
  },
  "schema": "research-numbers v0.1 (USR-01, 2026-11-11)",
  "status": {
   "read_date": "2026-11-09",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list",
   "value": "listed, not halted"
  }
 },
 "numbers_hash": "sha256:f80de09cde33e92e14800aaa16515b731cdf72f150cda76d365b45bd449eb864",
 "path": "/de/XETRA/NA9",
 "schema": "research-page v0.1 (USR-02, 2026-11-11)",
 "sections": [
  {
   "id": "identity",
   "text": "NAGARRO SE NA O.N. is listed on Xetra under ticker NA9, ISIN DE000A3H2200, LEI 9845008396BA67DA9B37. Its security type is Corporate and its segment is SDAX. Sector is not on the record, as the Xetra instruments file carries index membership and not a sector classification. Jurisdiction is Germany (Handelsregister HRB). Status is listed, not halted.",
   "title": "Identity and listing"
  },
  {
   "id": "disclosure",
   "text": "The record holds 17 filings in the twelve months to 2026-11-06, on 10 filing days. The median gap between filing days is 28 days. The latest filing is dated 2026-10-29, 8 days before the record date, and is of type major_holder. Filings by type are: ad_hoc 3, corporate_news 4, directors_dealings 2, major_holder 3, newswire_release 4, results 1. The Xetra exchange median is 22.8 days cadence, 6 filings and 5.5 days latency across 419 issuers, so this issuer's cadence of 28 days is above that median. Sector peer figures are not on the record for DE.",
   "title": "The disclosure read"
  },
  {
   "id": "auditor",
   "text": "The auditor of record is KPMG AG Wirtschaftsprüfungsgesellschaft, Berlin. The auditor's location field is not on the record. Auditor changes are not on the record, as the register has no lifecycle type map yet.",
   "title": "Auditor"
  },
  {
   "id": "events",
   "text": "Listing, delisting, name change, domicile change and segment move are not on the record, as the register has no lifecycle type map yet. The halt flag is listed, not halted.",
   "title": "Events and halts"
  },
  {
   "id": "orderability",
   "text": "The outcome is determinable for all three client categories: Professionelle Kunden, Privatkunden and Geeignete Gegenparteien, each with signal ACM-200. The rule version is acm-68000/de/mifid-ii-product-governance-produkt-berwachung/r1, with chapter as of 2026-11-04.",
   "title": "Orderability"
  },
  {
   "id": "coverage",
   "text": "Six research houses are named on the issuer's investor-relations page: MWB Research, Warburg Research, Jefferies, ODDO BHF, Stifel and Commerzbank.",
   "title": "Coverage"
  },
  {
   "id": "open_research",
   "text": "The record holds four openly published research notes, all from Warburg Research: 2025-08-14, 2025-05-28, 2025-01-23 and 2021-05-19.",
   "title": "Open research"
  },
  {
   "id": "licensed",
   "text": "Licensed research: none loaded. A licensed row is served only to an agent whose firm holds that licence (licensor, entitlement). No licensed row is loaded.",
   "title": "Licensed"
  },
  {
   "id": "depth",
   "text": "The market's vintage is not sealed. No issuer years are sealed, the market's earliest sealed date is not on the record, and the live record start date is not on the record.",
   "title": "As-of depth"
  },
  {
   "id": "sources",
   "text": "13 source pages are named on this page; every value above carries its own source page and read date in the numbers.",
   "title": "Sources"
  }
 ],
 "sources": [
  {
   "for": "identity.exchange",
   "source": "https://www.xetra.com/xetra-en/instruments/shares/list-of-tradable-shares"
  },
  {
   "for": "identity.jurisdiction",
   "source": "https://api.gleif.org/api/v1/lei-records/9845008396BA67DA9B37"
  },
  {
   "for": "identity.lei",
   "source": "https://mapping.gleif.org/api/v2/isin-lei/latest/download"
  },
  {
   "for": "the disclosure lines",
   "source": "https://mcp.de-cm-kg.ai/events/XETRA/NA9"
  },
  {
   "for": "the halt flag",
   "source": "https://www.cashmarket.deutsche-boerse.com/cash-en/Stay-Informed/current-regulatory-topics/mifid-ii-releases/4086638!suspension-list"
  },
  {
   "for": "the auditor",
   "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/AGM-2025-Final_files/AGM-2025-EN/Nagarro-SE-oHV-2025-Invitation%20to%20the%20Annual%20General%20Meeting%202025%20of%20Nagarro%20SE%20and%20agenda.pdf?hsLang=en"
  },
  {
   "for": "the orderability chapter",
   "source": "https://mcp.de-cm-kg.ai/book/aio.json"
  },
  {
   "for": "coverage",
   "source": "https://www.nagarro.com/en/investor-relations/financial-and-stock-information"
  },
  {
   "for": "open research",
   "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research_Nagarro_Comment_20250814.pdf?hsLang=en"
  },
  {
   "for": "open research",
   "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research%2020250528.pdf?hsLang=en"
  },
  {
   "for": "open research",
   "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research%2020250123.pdf?hsLang=de"
  },
  {
   "for": "open research",
   "source": "https://www.nagarro.com/hubfs/Investors/InvestorDocuments/Warburg%20Research_Initiation%20Report_en_20210519.pdf?hsLang=de"
  },
  {
   "for": "the record",
   "source": "https://mcp.de-cm-kg.ai/record/XETRA/NA9"
  }
 ],
 "title": "NAGARRO SE  NA O.N. (NA9) — research page",
 "writer": {
  "by": "Claude through the platform account, Haiku class; one pass; checked against the numbers",
  "engine": "claude-haiku-5-5"
 }
}