Insider buys of this size are noise — $11K at a $201M company is not actionable. The cross-filing amplifiers do not override the proportionality floor; the cluster is too small to carry signal. Focus on the April ACC rate case progression and upcoming Q2 operational results for directional cues.
Price Chart
Executive Summary
Two C-suite executives (CFO and COO) and an SVP of Water Resources made open-market purchases totaling ~$11K over two days, following the Q1 earnings release and an ACC rate case settlement for the Santa Cruz utility. The dollar amount is tiny (0.005% of market cap) and well below the 0.1% materiality threshold, making this a routine cluster with no meaningful directional signal despite the buy-side net direction.
Key Financial Metrics
Key Facts
- CFO Michael Liebman bought 800 shares at $6.89 ($5,512) on 2026-05-20
- COO Christopher Krygier bought 29 shares at $6.79 ($197) on 2026-05-20
- SVP John Lenderking bought 700 shares at $6.84 ($4,792) on 2026-05-19
- Total cluster value: ~$11K, representing ~0.005% of $201M market cap
- All three transactions are open-market purchases (P), not grants or gifts
Financial Impact
~$11K in aggregate purchases, immaterial relative to $201M market cap
Risk Factors
- Historically, GWRS reports show negative T+20 average alpha (-4.70%) with only 33% win rate, suggesting broader stock-specific headwinds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-GWRS-1779487537454 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 21, 2026 5w ago | Insider Cluster | $9.36 $8.29 | ▼ −11.43% | ▼ −12.75% | $8.13 (−13.14%) |
Aug 13, 2026 7w ago | Press Release | $8.89 $8.71 | ▼ −2.02% | ▼ −0.28% | $8.13 (−8.55%) |
Jul 31, 2026 9w ago | Press Release | $7.16 $9.13 | ▲ +27.51% | ▲ +24.53% | $8.13 (+13.55%) |
May 29, 2026 18w ago | Press Release | $7.29 $7.25 | ▼ −0.55% | ▲ +1.25% | $8.13 (+11.52%) |
May 22, 2026 18w ago | Insider Cluster | $7.73 $7.07 | ▼ −8.54% | ▼ −6.59% | $8.13 (+5.17%) |
May 22, 2026 18w ago | Insider Cluster | $7.73 $7.07 | ▼ −8.54% | ▼ −6.59% | $8.13 (+5.17%) |
May 18, 2026 19w ago | Press Release | $6.80 $6.85 | ▲ +0.74% | ▼ −0.25% | $8.13 (+19.56%) |
May 13, 2026 20w ago | 8-K | $6.94 $7.01 | ▲ +1.01% | ▲ +1.87% | $8.13 (+17.23%) |
May 4, 2026 21w ago | 8-K | $7.06 $7.38 | ▲ +4.53% | ▼ −1.11% | $8.13 (+15.16%) |
Apr 30, 2026 22w ago | 8-K | $7.11 $7.40 | ▲ +4.08% | ▼ −0.89% | $8.13 (+14.35%) |
US Market Status
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