The cluster is too small to be informative. Monitor the next 8-K for any material developments, but the sales are consistent with routine post-earnings window selling. The raised full-year guidance is a modest positive, but the YoY earnings decline keeps the fundamental picture mixed.
Price Chart
Executive Summary
Four Matson insiders sold a total of $2.78M in open-market sales within a week of Q1 2026 earnings that showed YoY declines in revenue, net income, and operating income. The cluster is 100% selling, with the EVP/GC alone accounting for $1.29M. At 0.05% of market cap, the dollar value is trivial, and the sales likely reflect routine post-earnings window diversification rather than a coordinated bearish signal.
Key Financial Metrics
Key Facts
- 4 insiders sold 15,403 shares total for $2.78M in open-market transactions (May 8–12, 2026)
- Largest seller: EVP/GC Peter Heilmann sold 7,173 shares at $180.19 for $1.29M
- Total sales represent ~0.05% of Matson's $5.5B market cap — well below the 0.1% materiality threshold
- Sales occurred 4–8 days after Q1 2026 earnings (May 4) which showed revenue down 3.1% YoY and EPS down 15.1% YoY
- No insider purchases in the cluster; all transactions are open-market sales (code S)
- Q1 2026 net income fell to $56.6M from $72.3M YoY; operating income dropped to $61.4M from $82.1M
- Management raised full-year 2026 outlook, expecting consolidated operating income to modestly exceed 2025 levels
Financial Impact
$2.78M in insider sales, 0.05% of market cap — immaterial relative to company size
Risk Factors
- Q1 2026 revenue and earnings both declined YoY, signaling potential demand softness in Hawaii and Alaska tradelanes
- Iran conflict impact on fuel costs with a lag in recovery mechanisms could pressure Q2 margins
- SSAT joint venture contribution expected to be lower in FY2026 vs FY2025
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MATX-1778781026665 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 5d ago | Press Release | $227.48 $228.64 | ▲ +0.51% | ▲ +1.03% | $228.85 (+0.60%) |
Oct 20, 2026 6d ago | Press Release | $235.07 $227.48 | ▲ +3.23% | ▲ +2.05% | $228.85 (+2.65%) |
Aug 28, 2026 8w ago | Insider Cluster | $224.81 $219.26 | ▼ −2.47% | ▼ −1.78% | $228.85 (+1.80%) |
Aug 28, 2026 8w ago | Insider Cluster | $224.81 $219.26 | ▼ −2.47% | ▼ −1.78% | $228.85 (+1.80%) |
Aug 24, 2026 9w ago | Insider Cluster | $222.82 $221.65 | ▼ −0.53% | ▼ −0.55% | $228.85 (+2.71%) |
Aug 20, 2026 9w ago | Insider Cluster | $222.80 $222.68 | ▼ −0.05% | ▲ +0.24% | $228.85 (+2.72%) |
Aug 14, 2026 10w ago | Insider Cluster | $219.95 $218.28 | ▼ −0.76% | ▼ −0.08% | $228.85 (+4.05%) |
Aug 12, 2026 10w ago | Insider Cluster | $213.76 $217.30 | ▲ +1.66% | ▲ +1.85% | $228.85 (+7.06%) |
Jun 9, 2026 19w ago | Insider Cluster | $193.43 $198.98 | ▲ +2.87% | ▲ +1.17% | $228.85 (+18.31%) |
May 21, 2026 22w ago | Insider Cluster | $182.75 $181.84 | ▼ −0.50% | ▼ −0.94% | $228.85 (+25.23%) |
US Market Status
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