Insider selling is persistent ($1.9M in 30d) but small relative to market cap. CEO Toy's $1.67M sale is routine diversification at these levels — not a strong bearish signal per academic literature. Monitor for any upcoming earnings or operational catalysts that might explain the selling pattern; absent such, treat as noise.
Price Chart
Executive Summary
Two Clover Health insiders sold a combined ~$1.68M in stock over a 7-day window. CEO Andrew Toy sold ~$1.67M at ~$5.32 on July 1, and Medicare Advantage CEO Jamie L. Reynoso sold ~$43.9K across two smaller trades at $5.26 and $4.68. The CEO sale is 0.07% of the $2.5B market cap — modest in size — and the other is trivial. No cluster of buys offsets these sales, and the timing does not appear tied to a specific catalyst.
Key Financial Metrics
Key Facts
- CEO Andrew Toy sold 313.5K shares for ~$1.67M on July 1, 2026 at $5.32.
- Medicare Advantage CEO Jamie L. Reynoso sold 6.2K shares at $5.26 and 2.4K shares at $4.68, total ~$43.9K.
- Total insider sales of ~$1.68M represent ~0.07% of $2.5B market cap.
- No insider purchases occurred during the 7-day window.
- Recent trading (30d) shows 8 sells totaling $1.9M — consistent pattern of insider selling.
Financial Impact
Combined insider sales of ~$1.68M (~0.07% of $2.5B market cap)
Risk Factors
- CEO selling 313K shares in a single transaction could be perceived negatively by retail traders.
- Persistent insider selling without purchases may signal management caution about near-term fundamentals.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CLOV-1783670810125 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $4.56 $4.57 | ▲ +0.22% | ▼ −2.34% | $4.41 (−3.40%) |
Aug 17, 2026 6w ago | Insider Cluster | $4.23 $4.13 | ▲ +2.36% | ▲ +2.16% | $4.41 (−4.14%) |
Aug 11, 2026 7w ago | Court Ruling | $4.39 $4.23 | ▼ −3.64% | ▼ −3.24% | $4.41 (+0.34%) |
Jul 20, 2026 10w ago | Insider Cluster | $4.79 $4.27 | ▼ −10.86% | ▼ −9.63% | $4.41 (−8.04%) |
Jul 17, 2026 11w ago | Insider Cluster | $4.62 $4.55 | ▼ −1.52% | ▼ −0.83% | $4.41 (−4.65%) |
Jul 16, 2026 11w ago | Insider Cluster | $4.62 $4.55 | ▼ −1.52% | ▼ −0.83% | $4.41 (−4.65%) |
Jul 16, 2026 11w ago | Insider Cluster | $4.62 $4.55 | ▼ −1.52% | ▼ −0.83% | $4.41 (−4.65%) |
Jul 9, 2026 12w ago | Insider Cluster | $4.68 $4.40 | ▼ −5.98% | ▼ −5.85% | $4.41 (−5.88%) |
Jul 6, 2026 12w ago | Insider Cluster | $5.00 $4.82 | ▼ −3.60% | ▼ −4.15% | $4.41 (−11.90%) |
Jun 17, 2026 15w ago | Insider Cluster | $4.80 $5.21 | ▲ +8.54% | ▲ +9.58% | $4.41 (−8.23%) |
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