Insider cluster buys following record earnings and a 53% revenue surge suggest management sees continued upside. Watch next quarterly filing for Aerospace backlog conversion and margin expansion — the 92% revenue jump in Aerospace Products is the key growth driver.
Price Chart
Executive Summary
Three insiders at Butler National Corp (BUKS) made open-market purchases totaling $114K over a 7-day window, following the company's record Q1 fiscal 2027 earnings release 9 days prior. The cluster includes a 10% owner (Veradace Partners LP) and two directors, with purchases concentrated at $3.90-$4.10 per share, signaling insider conviction after revenue surged 53% to $30.8M and the Aerospace backlog hit a record $51.1M.
Key Financial Metrics
Key Facts
- Total insider open-market purchases: $114,000 across 3 insiders
- Veradace Partners LP (10% owner) purchased 55,000 shares for ~$222,250 over two days
- Director Loh Michael Anthony purchased 10,000 shares at $3.91
- Director Daly Joseph Patrick purchased ~5,500 shares at $3.90-$4.10
- Purchases occurred 9 days after record Q1 FY2027 earnings: revenue +53% to $30.8M, operating income +59% to $7.4M
- Aerospace Products revenue surged 92% to $21.7M; backlog at record $51.1M
- Diluted share count reduced 4.4% YoY via share repurchases
Financial Impact
$114,000 in insider purchases, representing ~0.04% of market cap (implied ~$326M based on $4.00 stock and ~81.5M shares outstanding)
Risk Factors
- Insider purchases are small relative to market cap (~0.04%), limiting signal strength
- No forward guidance provided — growth trajectory depends on Aerospace backlog execution
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-BUKS-1790100049219 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 7, 2026 20d ago | 8-K | $4.40 $4.32 | ▼ −1.82% | ▼ −1.39% | $4.91 (+11.59%) |
Sep 30, 2026 27d ago | 8-K | $4.03 $4.14 | ▲ +2.73% | ▲ +2.55% | $4.91 (+21.84%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.09 $4.11 | ▲ +0.49% | ▲ +1.21% | $4.91 (+20.05%) |
Sep 21, 2026 5w ago | Insider Cluster | $4.09 $4.11 | ▲ +0.49% | ▲ +1.21% | $4.91 (+20.05%) |
Sep 11, 2026 6w ago | 8-K | $4.25 $4.02 | ▼ −5.41% | ▼ −4.97% | $4.91 (+15.53%) |
Aug 20, 2026 9w ago | 8-K | $4.25 $4.11 | ▼ −3.29% | ▼ −3.70% | $4.91 (+15.53%) |
Jul 16, 2026 14w ago | Insider Cluster | $4.86 $4.78 | ▼ −1.65% | ▼ −1.48% | $4.91 (+1.03%) |
Jul 14, 2026 14w ago | Insider Cluster | $4.78 $4.80 | ▲ +0.42% | ▲ +0.96% | $4.91 (+2.72%) |
Jul 14, 2026 14w ago | Insider Cluster | $4.78 $4.80 | ▲ +0.42% | ▲ +0.96% | $4.91 (+2.72%) |
Jul 8, 2026 15w ago | 8-K | $4.25 $4.37 | ▲ +2.82% | ▲ +1.98% | $4.91 (+15.53%) |
US Market Status
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