The cluster is small in dollar terms and lacks C-suite participation, limiting its signal value. However, the post-earnings timing and multiple directors buying together suggest confidence in the company's growth trajectory. Monitor for any additional insider buying at higher volumes or C-suite participation to confirm conviction.
Price Chart
Executive Summary
Three CSPI insiders (two directors and a 10% owner) made open-market purchases totaling $53K over two days, following a strong Q2 earnings report showing 21.8% revenue growth and a return to profitability. The cluster represents 0.06% of market cap — a trivial amount — but the timing just after earnings and the presence of multiple directors buying together is notable.
Key Financial Metrics
Key Facts
- Three insiders purchased a total of $53K in open-market transactions on May 11-13, 2026.
- Purchases occurred 4-6 days after the company reported Q2 FY2026 revenue of $16.0M (+21.8% YoY) and net income of $264K vs. a -$108K loss in the prior year.
- Total cluster value of $53K is 0.06% of CSPI's $93M market cap — below the 0.1% materiality threshold.
- No C-suite executives (CEO/CFO) participated in the buying cluster.
- The company declared a $0.03/share quarterly dividend, payable June 15, 2026.
Financial Impact
Insider purchases total $53K, or 0.06% of market cap — immaterial in absolute terms.
Risk Factors
- Cluster size is trivial relative to market cap — may be routine portfolio rebalancing.
- No CEO or CFO participation reduces the informational content of the buys.
- Q2 gross margin declined to 27.9% from 32% YoY due to product mix shift.
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-1778793410416 |
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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