Insider selling is minimal in dollar terms and comes from non-C-suite directors, not the CEO. The Q1 earnings miss and lowered profitability are the more material signal. Watch for any insider buying or further director sales in the next 30 days to gauge conviction on management's optimistic Q2 outlook.
Price Chart
Executive Summary
Two directors sold a combined $603K in open-market sales over two days following a weak Q1 earnings report that showed revenue up 14% but operating income down 18% and EPS down 29% YoY. The CEO exercised and then gifted a large block of shares, with the net cash outflow from the cluster being modest at 0.07% of market cap.
Key Financial Metrics
Key Facts
- Director Hogan sold 14,700 shares for $511K on April 28
- Director Kramer sold 2,650 shares for $92K on April 29
- CEO Parker exercised 155,916 derivative shares at $0 and $10.62, then gifted 70,000 shares and surrendered 95,760 for tax withholding
- Total open-market sales: $603K, representing 0.07% of $875M market cap
- Q1 2026 revenue rose 14% YoY to $307M, but operating income fell 18% to $6.3M and GAAP EPS dropped 29% to $0.17
- Adjusted EPS of $0.26 missed prior year's $0.32; management cited weather and fuel headwinds
Financial Impact
Open-market sales of $603K are trivial relative to $875M market cap (0.07%). CEO's derivative exercise and gift are non-cash events.
Risk Factors
- Q1 operating income and EPS declined sharply despite revenue growth, indicating margin compression
- Expedited segment adjusted operating income collapsed from $4.7M to $0.7M YoY
- Management's optimistic forward commentary is unquantified and may not materialize
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-CVLG-1777671268789 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 2, 2026 24d ago | Press Release | $33.19 | awaiting T+60 | — | $29.03 (−12.53%) |
Aug 17, 2026 10w ago | 8-K | $34.05 | awaiting T+60 | — | $29.03 (−14.74%) |
Jul 2, 2026 16w ago | Press Release | $43.94 $32.71 | ▼ −25.56% | ▼ −29.13% | $29.03 (−33.93%) |
Jun 26, 2026 17w ago | Court Ruling | $45.34 $34.15 | ▼ −24.68% | ▼ −28.30% | $29.03 (−35.97%) |
Jun 23, 2026 17w ago | 8-K | $42.82 $34.00 | ▼ −20.60% | ▼ −23.44% | $29.03 (−32.20%) |
Jun 5, 2026 20w ago | Press Release | $43.52 $35.35 | ▼ −18.77% | ▼ −22.77% | $29.03 (−33.30%) |
Jun 1, 2026 21w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $29.03 (−30.62%) |
May 27, 2026 21w ago | Insider Cluster | $41.84 $35.54 | ▼ −15.06% | ▼ −16.18% | $29.03 (−30.62%) |
May 27, 2026 21w ago | Insider Cluster | $39.49 $35.20 | ▼ −10.85% | ▼ −12.59% | $29.03 (−26.48%) |
May 15, 2026 23w ago | 8-K | $35.21 $34.09 | ▼ −3.19% | ▼ −8.04% | $29.03 (−17.56%) |
US Market Status
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