The insider sales are likely liquidity-driven following derivative exercises and tax withholding, not a bearish signal. With strong Q4 earnings, a $48.7M pipeline, and no debt, the company's fundamentals are solid. Monitor for any further insider selling above 0.5% of market cap, which would be more material.
Price Chart
Executive Summary
Anterix insiders sold $1.36M in open-market shares over a 7-day window, including the Chief Legal Officer ($1.08M) and a director ($279K), following a strong Q4 earnings report that showed a $18.5M GAAP net income swing and a $48.7M contracted-proceeds pipeline. The sales are likely tied to derivative exercises and tax withholding, not a bearish signal, given the company's $1.5B market cap and 89% bullish analyst consensus.
Key Financial Metrics
Key Facts
- Total open-market sales: $1.36M (0.09% of $1.5B market cap)
- Chief Legal Officer sold 13,375 shares at $81.04 for $1.08M
- Director sold 3,500 shares at $79.83 for $279K
- Q4 FY2026 GAAP net income of $18.5M vs $9.2M prior year
- Full-year revenue grew 7.8% to $6.5M
- Cash balance of $98.5M with no debt
- FCC expanded 900 MHz broadband allocation from 6 to 10 MHz
- Contracted-proceeds pipeline of $48.7M for FY2027+
Financial Impact
Open-market sales of $1.36M represent 0.09% of market cap — routine relative to company size
Risk Factors
- Insider selling could accelerate if stock price continues to rise post-earnings
- Revenue still small ($6.5M) — execution risk on pipeline conversion
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ATEX-1781737879038 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $79.27 | awaiting T+20 | — | $85.62 (+8.01%) |
Oct 9, 2026 18d ago | 144 | $84.96 | awaiting T+20 | — | $85.62 (+0.78%) |
Sep 18, 2026 5w ago | 8-K | $83.62 $77.87 | ▼ −6.88% | ▼ −5.97% | $85.62 (+2.39%) |
Sep 11, 2026 6w ago | Insider Cluster | $77.59 $84.96 | ▲ +9.50% | ▲ +6.98% | $85.62 (+10.35%) |
Aug 27, 2026 8w ago | Insider Cluster | $92.33 $81.75 | ▼ −11.46% | ▼ −11.22% | $85.62 (−7.27%) |
Aug 26, 2026 8w ago | Insider Cluster | $94.67 $81.42 | ▲ +14.00% | ▲ +14.28% | $85.62 (+9.56%) |
Aug 18, 2026 10w ago | Insider Cluster | $88.68 $77.42 | ▲ +12.70% | ▲ +11.86% | $85.62 (+3.45%) |
Aug 18, 2026 10w ago | Insider Cluster | $88.68 $77.42 | ▲ +12.70% | ▲ +11.86% | $85.62 (+3.45%) |
Aug 14, 2026 10w ago | Insider Cluster | $91.53 $77.59 | ▼ −15.23% | ▼ −13.24% | $85.62 (−6.46%) |
Jul 29, 2026 12w ago | Press Release | $93.58 | awaiting T+20 | — | $85.62 (−8.51%) |
US Market Status
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