The dollar amount is too small to move the stock. Monitor for any upcoming earnings or material news that could have prompted director selling, but treat this as routine portfolio diversification. The CEO's $13K sale is negligible.
Price Chart
Executive Summary
A cluster of 20 insider sales by 6 directors at ICON PLC over a single day (Aug 11, 2026) totaling ~$1.0M, plus a separate CEO sale of $13K on Aug 10. The total value is ~0.008% of the $12.7B market cap — trivial in proportion. All sales are open-market (Code S) by directors, with no C-suite participation beyond the small CEO sale. Per academic literature, director-only sales clusters are weakly informative, and the dollar amount is immaterial relative to company size. The historical calibration shows past high-score bearish calls on ICLR have been correct (T+20 win rate 43%, but the two most recent short calls at score 8 had large negative returns), but this cluster is too small to warrant a bearish read. Sentiment is neutral with low impact.
Key Financial Metrics
Key Facts
- 6 directors sold a total of ~$1.0M in open-market transactions on Aug 11, 2026
- CEO Barry Edward Balfe sold 78 shares for ~$13K on Aug 10, 2026
- Total cluster value of ~$1.0M represents ~0.008% of ICON's $12.7B market cap
- No C-suite executives participated in the Aug 11 cluster — all sellers were directors
- The cluster is concentrated on a single day, suggesting a shared blackout-window opening or pre-planned 10b5-1 sales, not a coordinated bearish signal
Financial Impact
~$1.0M in insider sales, or ~0.008% of market cap — immaterial
Risk Factors
- No material risk identified from this cluster alone; director sales of this magnitude are routine
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ICLR-1786568476924 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | 6-K | $174.27 $169.68 | ▼ −2.63% | ▼ −2.63% | $162.05 (−7.01%) |
Aug 12, 2026 7w ago | Insider Cluster | $167.48 $169.31 | ▲ +1.09% | ▲ +2.84% | $162.05 (−3.24%) |
Aug 12, 2026 7w ago | Insider Cluster | $167.48 $169.31 | ▲ +1.09% | ▲ +2.84% | $162.05 (−3.24%) |
Aug 6, 2026 8w ago | 6-K | $161.17 $163.58 | ▲ +1.50% | ▲ +0.90% | $162.05 (+0.55%) |
Jul 30, 2026 9w ago | 6-K | $165.53 $169.72 | ▼ −2.53% | ▲ +1.43% | $162.05 (+2.10%) |
Jul 22, 2026 10w ago | 6-K | $167.28 $172.49 | ▲ +3.11% | ▲ +0.22% | $162.05 (−3.13%) |
Jun 23, 2026 14w ago | 6-K | $158.17 $167.28 | ▼ −5.76% | ▼ −3.83% | $162.05 (−2.45%) |
Jun 23, 2026 14w ago | 6-K | $158.17 $167.28 | ▲ +5.76% | ▲ +3.83% | $162.05 (+2.45%) |
Jun 17, 2026 15w ago | 6-K | $146.00 $170.00 | ▲ +16.44% | ▲ +15.91% | $162.05 (+10.99%) |
May 27, 2026 18w ago | 6-K | $136.80 $169.86 | ▼ −24.17% | ▼ −27.31% | $162.05 (−18.46%) |
US Market Status
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