A cluster of three Hinge Health insiders sold a total of $4.71M in open-market transactions over a 7-day window (2026-09-07 to 2026-09-14). The cluster is led by the CEO & Co-Founder (Perez Daniel Antonio, $3.29M) and the CFO (Budge James, $3.74M combined across four sales), with a smaller director sale ($249K). The total value represents approximately 0.06% of the $7.6B market cap, which is technically below the 0.1% materiality threshold, but the heavy C-suite participation (CEO and CFO both selling large dollar amounts at similar prices) and the concentration of sales in a short window elevate the signal. The sales are not clearly 10b5-1/vesting-driven given the varied sizes and dates, and the cluster is dominated by C-suite executives, making it more informative than a typical liquidity-driven sell cluster. The company's analyst consensus is 91% bullish, which may reflect optimism that insiders are not sharing. The bearish sentiment is driven by the C-suite cluster selling into strength at ~$88-91 per share, a pattern that historically precedes short-term underperformance (T+5 -3.91% on a prior neutral call).
Price Chart
Executive Summary
A cluster of three Hinge Health insiders sold a total of $4.71M in open-market transactions over a 7-day window (2026-09-07 to 2026-09-14). The cluster is led by the CEO & Co-Founder (Perez Daniel Antonio, $3.29M) and the CFO (Budge James, $3.74M combined across four sales), with a smaller director sale ($249K). The total value represents approximately 0.06% of the $7.6B market cap, which is technically below the 0.1% materiality threshold, but the heavy C-suite participation (CEO and CFO both selling large dollar amounts at similar prices) and the concentration of sales in a short window elevate the signal. The sales are not clearly 10b5-1/vesting-driven given the varied sizes and dates, and the cluster is dominated by C-suite executives, making it more informative than a typical liquidity-driven sell cluster. The company's analyst consensus is 91% bullish, which may reflect optimism that insiders are not sharing. The bearish sentiment is driven by the C-suite cluster selling into strength at ~$88-91 per share, a pattern that historically precedes short-term underperformance (T+5 -3.91% on a prior neutral call).
Key Financial Metrics
Financial Impact
Not specified
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-HNGE-1789517453416 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Insider Cluster | $93.73 $94.45 | ▲ +0.77% | ▼ −2.07% | $97.24 (+3.74%) |
Sep 14, 2026 17d ago | Insider Cluster | $92.39 $94.90 | ▲ +2.72% | ▲ +1.90% | $97.24 (+5.25%) |
Sep 11, 2026 20d ago | Insider Cluster | $94.79 $94.45 | ▲ +0.36% | ▲ +2.02% | $97.24 (−2.58%) |
Sep 1, 2026 4w ago | 144 | $91.85 $88.26 | ▼ −3.91% | ▼ −2.95% | $97.24 (+5.87%) |
Aug 20, 2026 6w ago | 144 | $88.42 $87.35 | ▼ −1.21% | ▼ −1.68% | $97.24 (+9.98%) |
Aug 4, 2026 8w ago | 8-K | $80.79 $86.32 | ▲ +6.84% | ▲ +6.49% | $97.24 (+20.36%) |
Jul 10, 2026 12w ago | Insider Cluster | $88.80 $85.98 | ▲ +3.18% | ▲ +2.62% | $97.24 (−9.50%) |
Jul 2, 2026 13w ago | Insider Cluster | $84.05 $89.92 | ▼ −6.98% | ▼ −6.05% | $97.24 (−15.69%) |
Jul 2, 2026 13w ago | Insider Cluster | $84.05 $89.92 | ▼ −6.98% | ▼ −6.05% | $97.24 (−15.69%) |
Jun 30, 2026 13w ago | Insider Cluster | $83.00 $88.52 | ▼ −6.65% | ▼ −6.05% | $97.24 (−17.16%) |
US Market Status
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