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Insider Cluster (3 insiders) ·Filed Mar 16, 2026

APEI

AMERICAN PUBLIC EDUCATION INC
BEARISH
Impact 7/10
Horizondays Processed7mo ago
Insider cluster: 5 insiders, $1.5M total
Actionable Insight ▼ Bearish

Traders should monitor for follow-on selling, especially given the coordinated timing among insiders. The magnitude exceeds typical routine activity and may signal reduced confidence ahead of earnings or regulatory changes in online education. Consider hedging or reducing exposure if volume accelerates.

DirectionBearish
Confidencehigh
Horizondays
Final — all horizons settled through T+60d
APEI ▼ -6.31% at T+60d
SHORT call ✓ call won +6.31% · α vs SPY +16.79% · entry $55.34 → $51.85
Entry = T+0 close
Mar 15, 2026
via day close
T+1d
+1.16%
call -1.16% · α -0.88%
$55.98
settled 8mo ago
T+5d
+0.27%
call -0.27% · α -2.31%
$55.49
settled 7mo ago
T+20d
+3.58%
call -3.58% · α +0.20%
$57.32
settled 7mo ago
T+60d
-6.31%
call +6.31% · α +16.79%
$51.85
settled 5mo ago

Price Chart

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Executive Summary

Multiple insiders at American Public Education (APEI) sold shares in the past week, including executive-level officers and the investment firm 325 Capital LLC. Total open-market sales amounted to approximately $10.76 million, with 325 Capital accounting for over 98% of the volume. The sales occurred amid declining stock price, suggesting profit-taking or portfolio rebalancing.

Key Financial Metrics

Direction
selling
Total Value
$10.8M
Insiders
3

Key Facts

  • 325 Capital LLC sold 194,874 shares across four days (March 17–20), realizing $10.71 million in proceeds.
  • Executives Nuno Fernandes (President, APUS) and Karmela Gaffney (SVP, CMO) sold $59,488 and $150,859 worth of shares, respectively.
  • All transactions were open-market sales (Form 4 code 'S'), indicating deliberate dispositions.
  • Average sale price ranged from $53.74 to $55.87, with a downward trend over the week.
  • Total cluster value: ~$10.76 million, representing ~1.09% of APEI's $991M market cap.
  • No purchases or non-cash transactions (e.g., A, F, M) were reported in this cluster.

Financial Impact

$10.76 million in insider sales over 7 days, equivalent to 1.09% of market capitalization

insider sentimentshareholder confidencepotential downward price pressure

Risk Factors

  • Sustained insider selling could erode investor confidence and amplify downward price momentum.
  • Downward price pressure may intensify if 325 Capital continues liquidating position.

Market Snapshot

Exchange
Nasdaq

Investment Themes

Services

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CONTEXT: Insider Cluster Data (6 trades, 7d window)cluster-APEI-1774299358887
8 reports for APEI
Performance horizon

Track record builds as more directional reports settle.

Filters
Rows
Reports for APEI — sortable, filterable
TypeNow
Oct 22, 2026
5d ago
144
NEUTRAL ★ 3/10
$48.86awaiting T+60—$46.17 (−5.51%)
Aug 13, 2026
10w ago
Insider Cluster
BEARISH ★ 5/10
$45.23awaiting T+60—$46.17 (−2.08%)
Aug 10, 2026
11w ago
8-K
MIXED ★ 5/10
$45.72awaiting T+60—$46.17 (+0.98%)
Jun 11, 2026
19w ago
Institutional Cluster
NEUTRAL ★ 3/10
$53.61 $45.36▼ −15.39%▼ −19.78%$46.17 (−13.88%)
Mar 16, 2026
32w ago
Insider Cluster
BEARISH ★ 7/10
$55.34 $51.85▲ +6.31%▲ +16.79%$46.17 (+16.57%)
Mar 16, 2026
32w ago
Insider Cluster
BEARISH ★ 7/10
$55.34 $51.85▲ +6.31%▲ +16.79%$46.17 (+16.57%)
Mar 16, 2026
32w ago
Insider Cluster
BEARISH ★ 7/10
$55.34 $51.85▲ +6.31%▲ +16.79%$46.17 (+16.57%)
Mar 16, 2026
32w ago
Insider Cluster
NEUTRAL ★ 4/10
$55.34 $51.85▼ −6.31%▼ −16.79%$46.17 (−16.57%)
Showing 8 of 8

US Market Status

Market Closed — Opens Wed (17h 27m)

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Report published Mar 23, 2026