The cluster is small in dollar terms but directionally aligned with the positive earnings surprise. Monitor for additional insider buying in the coming weeks—if the pace continues, it would strengthen the bullish signal. The stock's reaction to Q2 results and any new AZT PROTECT customer announcements will be key near-term catalysts.
Price Chart
Executive Summary
Two CSPI insiders (a director and a 10% owner) made open-market purchases totaling $31K over a 7-day window, following a strong Q2 earnings report showing 21.8% revenue growth and a return to profitability. The purchases are small relative to the $92M market cap (0.03%), but the timing—just days after the earnings release—suggests confidence in the company's growth trajectory, particularly in AZT PROTECT deployments and the Technology Solutions business.
Key Financial Metrics
Key Facts
- Two insiders purchased a total of $31K in open-market shares over a 7-day window (May 11-13, 2026).
- Director Stephen J. Webber bought 2,500 shares at $9.48 ($23,700) on May 12.
- 10% owner Joseph R. Nerges made three purchases totaling $24,946 at prices between $9.19 and $9.30.
- Purchases follow Q2 FY2026 earnings (May 7): revenue up 21.8% YoY to $16.0M, net income of $264K vs. a $(108K) loss a year ago.
- Total insider purchases represent ~0.03% of CSPI's $92M market cap—modest in absolute terms.
- The company declared a $0.03/share quarterly dividend payable June 15, 2026.
Financial Impact
Insider purchases total $31K, or 0.03% of market cap. Q2 revenue grew 21.8% YoY to $16.0M; net income improved to $264K from a $(108K) loss.
Risk Factors
- Insider purchases are small relative to market cap—may not signal a strong conviction call.
- Q2 gross margin compressed to 27.9% from 32% due to product mix shift; margin pressure could persist.
- First-half FY2026 revenue declined 2.8% YoY ($28.0M vs. $28.8M), showing uneven performance.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CSPI-1778694030317 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 8d ago | Press Release | $7.61 $7.42 | ▼ −2.55% | ▼ −2.40% | $7.41 (−2.63%) |
Sep 22, 2026 5w ago | Institutional Cluster | $7.76 $7.63 | ▲ +1.68% | ▲ +0.49% | $7.41 (+4.51%) |
Aug 14, 2026 10w ago | Press Release | $8.05 $7.56 | ▲ +6.09% | ▲ +4.72% | $7.41 (+7.95%) |
Aug 11, 2026 11w ago | Press Release | $8.40 $7.29 | ▼ −13.21% | ▼ −12.81% | $7.41 (−11.79%) |
Jun 9, 2026 20w ago | 3 | $8.59 $9.34 | ▲ +8.73% | ▲ +5.30% | $7.41 (−13.74%) |
Jun 9, 2026 20w ago | 8-K | $8.21 $9.42 | ▲ +14.74% | ▲ +12.33% | $7.41 (−9.74%) |
May 18, 2026 23w ago | Insider Cluster | $9.41 $9.74 | ▲ +3.51% | ▲ +1.89% | $7.41 (−21.25%) |
May 12, 2026 24w ago | Insider Cluster | $9.16 $9.42 | ▲ +2.84% | ▲ +3.44% | $7.41 (−19.10%) |
May 12, 2026 24w ago | Insider Cluster | $9.16 $9.42 | ▲ +2.84% | ▲ +3.44% | $7.41 (−19.10%) |
US Market Status
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