Monitor for continued insider selling in the next 30 days, but the size is immaterial. The strong earnings and raised guidance remain the dominant signal. No immediate bearish read-through from this cluster.
Price Chart
Executive Summary
Insider cluster at Axogen shows $1.56M in open-market sales by 5 insiders, including directors and officers, following strong Q1 2026 earnings (revenue +26.6%, raised guidance). The selling is 0.07% of market cap, well below the 0.1% threshold for materiality, making this routine profit-taking/option exercise. The cluster does not dilute the bullish earnings signal.
Key Financial Metrics
Key Facts
- 5 insiders sold ~$1.56M in open-market sales over 7 days
- Sales follow Q1 earnings beat: revenue $61.5M (+26.6% YoY), raised FY guidance to $270M
- Total sales represent ~0.07% of $2.3B market cap, below 0.1% materiality threshold
- Directors John Johnson and Kathy Weiler accounted for ~77% of total sales ($1.2M)
- CFO Hartley sold only 478 shares ($20.9K), Sales VP Quackenbush sold 3,878 shares ($168.7K)
Financial Impact
Insider selling of $1.56M is trivial relative to $2.3B market cap
Risk Factors
- Potential for more insider selling if stock continues to rise
- Unexpected negative news could amplify insider activity
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-AXGN-1778270850888 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | 424B5 | $42.16 $44.23 | ▲ +4.91% | ▲ +5.13% | $37.75 (−10.46%) |
Sep 10, 2026 22d ago | 8-K | $41.85 $45.29 | ▲ +8.21% | ▲ +8.71% | $37.75 (−9.80%) |
Sep 10, 2026 22d ago | Press Release | $41.85 $45.29 | ▼ −8.21% | ▼ −8.71% | $37.75 (+9.80%) |
Sep 10, 2026 22d ago | Press Release | $41.85 $45.29 | ▲ +8.21% | ▲ +8.71% | $37.75 (−9.80%) |
Aug 12, 2026 7w ago | Insider Cluster | $49.67 $48.93 | ▼ −1.49% | ▼ −1.05% | $37.75 (−24.00%) |
Aug 11, 2026 7w ago | Institutional Cluster | $49.67 $48.93 | ▼ −1.49% | ▼ −1.05% | $37.75 (−24.00%) |
Jul 29, 2026 9w ago | 8-K | $41.37 $45.22 | ▲ +9.31% | ▲ +3.78% | $37.75 (−8.75%) |
Jul 15, 2026 11w ago | Press Release | $38.72 $39.37 | ▲ +1.68% | ▲ +2.66% | $37.75 (−2.51%) |
Jul 9, 2026 12w ago | Institutional Cluster | $43.62 $39.78 | ▼ −8.81% | ▼ −8.68% | $37.75 (−13.46%) |
Jun 12, 2026 16w ago | Institutional Cluster | $43.00 $44.84 | ▲ +4.28% | ▲ +3.61% | $37.75 (−12.21%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Try SecBot Free Coming soon: SecBot Pro with alerts, watchlists, and API access