The CEO and a director simultaneously buying shares at the same price level is a strong signal of internal conviction. Monitor for any upcoming earnings or strategic announcements that may have prompted this cluster.
Price Chart
Executive Summary
Two insiders at Agree Realty Corp, including the President & CEO Joey Agree and Director John R. Rakolta Jr., made open-market purchases totaling $1.88M on September 16, 2026. The CEO's $501K buy and the Director's $1.38M buy represent a material insider vote of confidence, especially given the cluster nature of the purchases.
Key Financial Metrics
Key Facts
- President & CEO Joey Agree purchased 7,400 shares at ~$68.06 for $501K on 2026-09-16
- Director John R. Rakolta Jr. purchased 20,000 shares at ~$68.78 for $1.38M on 2026-09-16
- Total insider cluster purchase value: $1.88M
- Both transactions are open-market buys (code P) — no 10b5-1 plan indicated
- Cluster of buys by C-suite and director — per academic literature, cluster buys are more informative than single buys
Financial Impact
$1.88M in insider purchases, representing approximately 0.58% of the company's $326M market cap
Risk Factors
- Insider buys can be contrarian and may not immediately move the stock
- The purchases represent a modest 0.58% of market cap — not transformative in size
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ADC-1789642871289 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G | $66.97 | awaiting T+1 | — | $67.00 (+0.04%) |
Oct 20, 2026 7d ago | 8-K | $64.49 $67.07 | ▲ +4.00% | ▲ +5.18% | $67.00 (+3.89%) |
Oct 2, 2026 25d ago | 8-K | $65.88 $65.58 | ▼ −0.46% | ▼ −1.13% | $67.00 (+1.70%) |
Sep 23, 2026 4w ago | Insider Cluster | $67.12 $67.18 | ▲ +0.09% | ▲ +0.17% | $67.00 (−0.18%) |
Sep 22, 2026 5w ago | 8-K | $67.12 $67.18 | ▲ +0.09% | ▲ +0.17% | $67.00 (−0.18%) |
Sep 17, 2026 5w ago | Insider Cluster | $68.16 $68.05 | ▼ −0.16% | ▼ −0.04% | $67.00 (−1.70%) |
Sep 2, 2026 7w ago | Insider Buy | $72.73 $72.62 | ▼ −0.15% | ▲ +0.23% | $67.00 (−7.88%) |
Aug 31, 2026 8w ago | Insider Buy | $72.25 $72.50 | ▲ +0.35% | ▲ +1.03% | $67.00 (−7.27%) |
Aug 11, 2026 11w ago | Institutional Cluster | $74.36 $75.11 | ▲ +1.01% | ▲ +0.31% | $67.00 (−9.90%) |
Jul 2, 2026 16w ago | 8-K | $77.81 $77.17 | ▼ −0.82% | ▼ −1.70% | $67.00 (−13.89%) |
US Market Status
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