The insider sales are small and should not be read as a bearish signal after a very strong Q1 beat and raised guidance. However, monitor if the selling pattern escalates in volume or includes C-suite executives beyond the subsidiary CEO. The strong fundamental trajectory and first-time GAAP profitability outlook are the dominant factors for the stock.
Price Chart
Executive Summary
Two Clover Health insiders, a director and a subsidiary CEO, sold a combined $575K in open-market sales over the past week. The sales follow a very strong Q1 2026 report that showed GAAP net income turning positive for the first time, revenue up 62% YoY, and raised full-year guidance. While insider sales after a strong earnings beat can be routine diversification, the cluster's total value ($575K) is only ~0.03% of the $1.8B market cap, making it immaterial in scale.
Key Financial Metrics
Key Facts
- Director Edwards Carladenise Armbrister sold 67,160 shares ($230K) on 2026-05-18 at $3.42
- Priest Brady Patrick (CEO of Clover Care Services) sold 98,039 shares ($345K) on 2026-05-13 at $3.52
- Total insider sales over 7 days: ~$575K, representing ~0.03% of the $1.8B market cap
- Interim CFO Clay Thornton's 16,942-share disposition ($59K) on 2026-05-16 was a tax-withholding event, not an open-market sale
- Filing follows a strong Q1 2026 beat: GAAP net income of $27M vs. -$1.3M YoY, revenue +62% YoY to $749M
- FY 2026 guidance implies 49% revenue growth and full-year GAAP net income profitability for the first time
Financial Impact
Insider sales of $575K are trivial relative to the $1.8B market cap (0.03%). No material financial impact.
Risk Factors
- Insider selling could accelerate if the stock continues to rally post-earnings, creating overhead supply
- Medical cost trends (BER ticked up 40bps to 86.5%) bear watching in upcoming quarters
- Full-year GAAP net income guidance of $0-$20M is thin — a miss on cost control could wipe it out
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-1779226395819 |
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
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