These sales are too small and routine to read any signal. Monitor next earnings (likely early August) for fundamental trends — insider activity alone does not warrant any trading action here.
Price Chart
Executive Summary
Open market sales by CEO, CFO and a director totaling $107K in a cluster window. Dollar amount is ~0.003% of $3.5B market cap, well below the 0.1% proportionality floor for materiality. CEO/CFO sales are very small and consistent with routine tax withholding or liquidity management. The director sold only 275 shares twice, totaling $139K including a prior day. Cluster signal is negligible — per Alldredge 2019, cluster sales are not more informative than non-cluster. Past reports on DAVE show a 25% win rate and negative average alpha, suggesting the market has not moved predictably on these reads. Score calibration shows score-6/7/8 all have observed win rates below 50% with negative net alpha, supporting a low score.
Key Financial Metrics
Key Facts
- Cluster includes 3 sellers: CEO (80 shares, $22K), CFO/COO (49 shares, $14K), and a director (275 shares twice for $139K combined)
- Total open market sales: $107K — represents ~0.003% of $3.5B market cap, far below the 0.1% materiality threshold
- One non-cash gift (director Yadin, 2,200 shares at $0) has no economic signal
- The CEO and CFO sold amounts consistent with small tax-withholding or liquidity trades, not conviction selling
- All sales are extremely small relative to company size and likely driven by routine portfolio management or 10b5-1 plans
Financial Impact
Total open-market sales of ~$107K, negligible relative to $3.5B market cap
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-DAVE-1781010026551 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jul 22, 2026 10w ago | Press Release | $408.59 $335.01 | ▼ −18.01% | ▼ −21.32% | $346.57 (−15.18%) |
Jun 11, 2026 16w ago | Institutional Cluster | $285.43 $390.14 | ▲ +36.69% | ▲ +34.79% | $346.57 (+21.42%) |
Jun 8, 2026 16w ago | Insider Cluster | $278.71 $383.96 | ▲ +37.76% | ▲ +36.32% | $346.57 (+24.35%) |
Jun 8, 2026 16w ago | Insider Cluster | $278.71 $383.96 | ▲ +37.76% | ▲ +36.32% | $346.57 (+24.35%) |
May 28, 2026 18w ago | Press Release | $282.56 $371.62 | ▲ +31.52% | ▲ +33.31% | $346.57 (+22.65%) |
Apr 23, 2026 23w ago | Press Release | $274.35 $243.80 | ▼ −11.14% | ▼ −15.77% | $346.57 (+26.32%) |
Mar 6, 2026 30w ago | 8-K | $217.33 $174.03 | ▲ +19.92% | ▲ +17.88% | $346.57 (−59.47%) |
Mar 5, 2026 30w ago | Press Release | $218.21 $172.70 | ▼ −20.86% | ▼ −17.07% | $346.57 (+58.82%) |
Mar 3, 2026 30w ago | Press Release | $210.67 $173.45 | ▼ −17.67% | ▼ −13.25% | $346.57 (+64.51%) |
US Market Status
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