The CEO selling $314K immediately after a weak earnings print and a credit facility expansion is a cautionary signal. While the dollar amount is small relative to market cap, the pattern of C-suite de-risking after deteriorating fundamentals warrants monitoring. Watch for additional insider sales in the next 30 days and the Q3 FY2026 report for further revenue/earnings deterioration.
Price Chart
Executive Summary
Clearfield CEO Cheryl Beranek and Director Walter Jones Jr. sold a combined $223K in open-market shares on May 11, 2026, following the company's Q2 earnings report (net sales -15% YoY, net loss of $0.5M) and a loan amendment expanding credit to $40M. The insider sales represent 0.04% of market cap — trivial in size — but the timing immediately after weak earnings and a credit facility expansion suggests insiders are de-risking personal positions amid deteriorating fundamentals.
Key Financial Metrics
Key Facts
- CEO Cheryl Beranek sold 7,500 shares total ($313,900) on May 8 and May 11, 2026
- Director Walter Jones Jr. sold 2,391 shares ($110,106) on May 11, 2026
- Total open-market sales: $424,006 (0.07% of $635M market cap)
- Q2 FY2026 net sales declined 15% YoY to $34.4M; net loss of $0.5M vs prior-year income of $2.5M
- Company amended credit facility to $40M revolver on April 25, 2026
- CCO Anis Khemakhem had 635 shares withheld for taxes ($19,228) — non-cash event
Financial Impact
Insider sales of $424K represent 0.07% of market cap — immaterial in size but notable for timing and participants
Risk Factors
- Further insider selling could accelerate if fundamentals continue to weaken
- Revenue decline and swing to loss may pressure stock further
- Credit facility expansion suggests cash needs despite reaffirmed guidance
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CLFD-1778617461573 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $29.31 | awaiting T+20 | — | $28.85 (−1.57%) |
Oct 19, 2026 7d ago | SC 13G/A | $30.60 | awaiting T+20 | — | $28.85 (−5.72%) |
Aug 5, 2026 11w ago | 8-K | $26.66 $28.32 | ▼ −6.23% | ▼ −5.63% | $28.85 (−8.21%) |
Aug 5, 2026 11w ago | Press Release | $26.66 $28.32 | ▼ −6.23% | ▼ −5.63% | $28.85 (−8.21%) |
Jul 22, 2026 13w ago | Press Release | $30.50 $27.54 | ▼ −9.70% | ▼ −13.01% | $28.85 (−5.41%) |
May 11, 2026 24w ago | Insider Cluster | $46.73 $39.37 | ▲ +15.75% | ▲ +15.45% | $28.85 (+38.26%) |
May 6, 2026 24w ago | 8-K | $37.49 $45.13 | ▼ −20.38% | ▼ −17.24% | $28.85 (+23.05%) |
May 6, 2026 24w ago | Press Release | $37.49 $45.13 | ▲ +20.38% | ▲ +17.24% | $28.85 (−23.05%) |
US Market Status
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