Monitor for follow-on insider filings — if additional C-suite buying materializes at current levels (~$5.50), it would reinforce the bullish signal. The cluster's proximity to a weak earnings release suggests insider conviction in a value floor, but fundamentals remain pressured by margin compression and rising operating costs.
Price Chart
Executive Summary
Five Granite Ridge insiders, including CEO Tyler Farquharson and four directors, made open-market purchases totaling $718K over a 7-day window (May 12-19). This cluster follows a strong Q1 earnings miss (adj. EPS of $0.02 vs. $0.09 consensus) and revised 2026 guidance signaling margin compression. Director Griffin's $549K purchase (0.07% of market cap) is the largest, suggesting insiders see value at current levels despite operational headwinds.
Key Financial Metrics
Key Facts
- CEO Farquharson purchased 10,000 shares at $5.15 ($52K)
- Director Perry Griffin purchased 100,000 shares at $5.49 ($549K)
- Director Miller Matthew Reade purchased 18,200 shares at $5.21 ($95K)
- Total cluster value: $718K (0.09% of $758M market cap)
- Cluster follows Q1 2026 earnings miss: adj. EPS $0.02 vs. $0.09 consensus (-77.8%)
- Revenue grew 4.4% YoY to $128.3M; EBITDAX fell 22% to $71.0M
- 2026 guidance revised upward for acquisitions and lease operating expenses
Financial Impact
$718K in insider open-market purchases, representing 0.09% of market cap
Risk Factors
- Proportionality band is modest at 0.09% of market cap — cluster value is not transformative on its own
- Earnings fundamentals deteriorated: EBITDAX -22% YoY, guidance for higher lease operating expenses
- All five purchases are from directors plus CEO — no CFO or COO participation (weaker signal than full C-suite cluster)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GRNT-1779304772126 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 19, 2026 9w ago | EFFECT | $5.18 $4.94 | ▼ −4.63% | ▼ −2.68% | $5.82 (+12.36%) |
Jun 16, 2026 19w ago | Insider Cluster | $4.69 $4.61 | ▼ −1.71% | ▼ −1.91% | $5.82 (+24.09%) |
Jun 11, 2026 19w ago | Insider Cluster | $4.92 $4.57 | ▼ −7.11% | ▼ −8.89% | $5.82 (+18.29%) |
May 29, 2026 21w ago | Insider Cluster | $4.86 $4.44 | ▼ −8.64% | ▼ −6.85% | $5.82 (+19.75%) |
May 22, 2026 22w ago | 8-K | $5.52 $4.58 | ▼ −17.03% | ▼ −15.61% | $5.82 (+5.43%) |
May 22, 2026 22w ago | Insider Cluster | $5.52 $4.58 | ▼ −17.03% | ▼ −15.61% | $5.82 (+5.43%) |
May 20, 2026 22w ago | Insider Cluster | $5.65 $4.69 | ▼ −16.99% | ▼ −17.73% | $5.82 (+3.01%) |
May 13, 2026 23w ago | Insider Cluster | $5.09 $4.81 | ▼ −5.41% | ▼ −4.55% | $5.82 (+14.39%) |
May 7, 2026 24w ago | 8-K | $5.00 $4.81 | ▲ +3.80% | ▲ +3.82% | $5.82 (−16.40%) |
Apr 8, 2026 28w ago | DEFA14A | $5.62 $5.70 | ▲ +1.42% | ▼ −6.14% | $5.82 (+3.56%) |
US Market Status
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