The director-level open-market buying cluster at ELAN is a strong bullish signal, especially given the 100% historical win rate on prior insider cluster signals at this company. Traders should monitor for any upcoming catalyst (earnings, product news, M&A) that may have prompted the buying. Consider accumulating on weakness given the favorable risk/reward from the insider conviction signal.
Price Chart
Executive Summary
Elanco Animal Health insiders made $1.03M in net open-market purchases over the past week, led by Director Lawrence Kurzius buying $936K worth of shares at ~$23.40. This cluster follows strong historical insider buying patterns at ELAN, where prior cluster signals have been highly predictive of positive stock movement (100% win rate at T+20). The buying comes amid 91% analyst bullish consensus and recent institutional accumulation, reinforcing a positive signal for the stock.
Key Financial Metrics
Key Facts
- Director Lawrence Kurzius purchased 40,000 shares at $23.398 for $935,920 on 2026-08-20
- GC and Corp Sec Shiv O'Neill purchased 4,000 shares at $23.58 for $94,320 on 2026-08-18
- Total open-market insider buying in the cluster: $1.03M
- Three insiders also received non-cash stock grants on 2026-08-21 (CEO Simmons, CFO VanHimbergen, EVP Modi) — $0 economic impact
- Prior insider cluster signals at ELAN have shown 100% win rate at T+20 with +7.24% average alpha vs SPY
- 91% of analysts rate ELAN as Buy or Strong Buy
Financial Impact
Insider open-market purchases of $1.03M represent approximately 0.008% of ELAN's $12.2B market cap — modest in absolute terms but significant as a cluster signal given historical predictive power
Risk Factors
- Insider buying at 0.008% of market cap is small in dollar terms — the signal relies on historical pattern recognition, not absolute size
- Director Kurzius's purchase could be a routine portfolio rebalancing rather than a conviction trade
- The stock has already rallied significantly (+6.49% on the prior cluster signal) — some positive news may already be priced in
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ELAN-1787691931670 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 11, 2026 21d ago | Press Release | $23.17 $22.42 | ▼ −3.24% | ▼ −3.02% | $22.14 (−4.45%) |
Aug 21, 2026 6w ago | Insider Cluster | $23.97 $24.11 | ▲ +0.58% | ▲ +0.11% | $22.14 (−7.63%) |
Aug 21, 2026 6w ago | Insider Cluster | $23.97 $24.11 | ▲ +0.58% | ▲ +0.11% | $22.14 (−7.63%) |
Aug 18, 2026 6w ago | Insider Cluster | $23.63 $25.09 | ▲ +6.19% | ▲ +6.39% | $22.14 (−6.30%) |
Aug 13, 2026 7w ago | Insider Cluster | $22.51 $23.56 | ▲ +4.66% | ▲ +6.63% | $22.14 (−1.64%) |
Aug 10, 2026 7w ago | Insider Cluster | $22.73 $23.64 | ▲ +4.00% | ▲ +4.41% | $22.14 (−2.60%) |
Aug 5, 2026 8w ago | 8-K | $26.22 $22.04 | ▼ −15.95% | ▼ −16.30% | $22.14 (−15.56%) |
Jun 29, 2026 13w ago | Court Ruling | $24.74 $25.13 | ▲ +1.58% | ▲ +0.19% | $22.14 (−10.51%) |
May 19, 2026 19w ago | Insider Cluster | $23.61 $24.58 | ▲ +4.11% | ▲ +3.64% | $22.14 (−6.22%) |
May 19, 2026 19w ago | Insider Cluster | $20.83 $23.69 | ▲ +13.74% | ▲ +12.50% | $22.14 (+6.30%) |
US Market Status
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