Two directors buying within a week at similar prices suggests conviction in current valuation. Monitor for additional insider filings and next quarterly earnings for fundamental confirmation. The cluster buy pattern historically carries positive forward returns per academic literature.
Price Chart
Executive Summary
Two Crocs directors made open-market purchases totaling $427K in a one-week window, with Director Thomas Smach buying $437K and Director Beth Kaplan buying $99K. This is a clear cluster of insider buying at a company where the stock has been under pressure, with the purchases representing approximately 0.13% of market cap — a modest but notable signal given the director-level conviction.
Key Financial Metrics
Key Facts
- Director Thomas Smach purchased 4,000 shares total ($437K) on 2026-09-10 at ~$109.27-$109.42
- Director Beth Kaplan purchased 885 shares ($99K) on 2026-09-15 at $112.12
- Total insider buying: $437K from Smach + $99K from Kaplan = $536K (corrected from earlier $427K)
- All purchases are open-market (code P) — no 10b5-1 plan indicated
- Purchases represent ~0.16% of Crocs' ~$2B market cap
Financial Impact
Total insider purchases of $536K represent ~0.16% of market cap — modest in absolute terms but significant as a director-level cluster buy
Risk Factors
- Director purchases are modest relative to market cap — could be diversification or personal allocation, not necessarily a strong signal
- No C-suite participation — CEO/CFO have not bought, which would carry stronger signal
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CROX-1789595863211 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 16, 2026 5w ago | Insider Cluster | $123.00 $123.44 | ▲ +0.36% | ▼ −0.49% | $118.85 (−3.37%) |
Sep 16, 2026 5w ago | Insider Cluster | $123.00 $123.44 | ▲ +0.36% | ▼ −0.49% | $118.85 (−3.37%) |
Aug 10, 2026 11w ago | Institutional Cluster | $138.19 $129.97 | ▼ −5.95% | ▼ −5.90% | $118.85 (−14.00%) |
Jul 30, 2026 12w ago | 8-K | $123.66 $134.18 | ▲ +8.51% | ▲ +4.88% | $118.85 (−3.89%) |
Jul 9, 2026 15w ago | Press Release | $127.13 | awaiting T+5 | — | $118.85 (−6.51%) |
Jun 11, 2026 19w ago | Institutional Cluster | $125.87 $124.53 | ▼ −1.06% | ▼ −1.50% | $118.85 (−5.58%) |
Jun 10, 2026 19w ago | 8-K | $121.94 $127.08 | ▲ +4.22% | ▲ +0.78% | $118.85 (−2.53%) |
Apr 30, 2026 25w ago | 8-K | $101.98 $105.75 | ▲ +3.70% | ▲ +1.97% | $118.85 (+16.54%) |
Feb 20, 2026 35w ago | Insider Cluster | $100.04 $90.71 | ▲ +9.33% | ▲ +8.87% | $118.85 (−18.80%) |
Feb 20, 2026 35w ago | Insider Cluster | $100.04 $90.71 | ▲ +9.33% | ▲ +8.87% | $118.85 (−18.80%) |
US Market Status
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