The sales are small relative to market cap but notable for being open-market, non-10b5-1, and clustered shortly after earnings. Monitor for additional insider selling in the coming weeks; the prior 30-day total of $14.4M in sales suggests a broader pattern of insider distribution.
How the stock moved after the report
BEARISH VIEWSTOCK BELOW ENTRY AT T+1- T+0 · Nov 2 $663.49entry
- T+1 · 3d ago −1.01%α −2.66% · $656.77
- T+3 · todayOpen
- T+5 · in 3d Pending
- T+20 · in 25d Pending
- T+60 · in 3mo Pending
Price Chart
REPLAYWatch the reaction play outHow similar events traded
Executive Summary
Two Medpace insiders (General Counsel and EVP of Operations) sold a combined $3.53M in open-market sales within a week of the company's Q3 2026 earnings release. The sales are not under 10b5-1 plans and follow a quarter where revenue grew 8.5% YoY but EPS slightly missed consensus, while the company raised full-year guidance and announced a $1.0B buyback authorization.
Key Financial Metrics
Key Facts
- General Counsel Stephen Ewald sold $859K of MEDP stock on 2026-10-29 at $690/share, not under a 10b5-1 plan.
- EVP of Operations Susan Burwig sold $2.67M of MEDP stock on 2026-10-27 at $677/share, not under a 10b5-1 plan.
- Total open-market sales in the cluster: $3.53M, representing 0.019% of Medpace's $19.0B market cap.
- Sales occurred 6-8 days after Medpace reported Q3 2026 earnings (revenue $716.0M, +8.5% YoY; GAAP diluted EPS $4.84 vs consensus $4.87).
- Medpace raised full-year 2026 guidance and announced a new $1.0B share repurchase authorization on 2026-10-21.
- Prior 30-day insider activity before this cluster: 3 sells totaling $14.4M.
Financial Impact
Insider sales of $3.53M represent 0.019% of market cap, well below the 0.1% materiality threshold.
Risk Factors
- Insiders selling after earnings may signal lack of conviction in the stock's near-term outlook despite raised guidance.
- Sales are not under 0.1% of market cap, so the dollar amount alone is not a material signal; the cluster is more about timing than magnitude.
- Prior 30-day insider activity shows $14.4M in sales, indicating ongoing insider distribution.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MEDP-1793661927366 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Nov 2, 2026 3d ago | Insider Cluster | $663.49 $656.77 | ▲ +1.01% | ▲ +2.66% | $634.98 (+4.30%) |
Oct 29, 2026 7d ago | 144 | $677.56 $652.01 | ▼ −3.77% | ▼ −2.00% | $634.98 (−6.28%) |
Oct 27, 2026 9d ago | 144 | $673.79 $692.68 | ▲ +2.80% | ▲ +2.46% | $634.98 (−5.76%) |
Oct 26, 2026 10d ago | 144 | $673.79 $692.68 | ▲ +2.80% | ▲ +2.46% | $634.98 (−5.76%) |
Oct 23, 2026 13d ago | Institutional Cluster | $669.20 $676.77 | ▲ +1.13% | ▲ +0.42% | $634.98 (−5.11%) |
Oct 21, 2026 15d ago | 8-K | $653.96 $669.20 | ▲ +2.33% | ▲ +2.85% | $634.98 (−2.90%) |
Sep 28, 2026 5w ago | SC 13D/A | $622.11 $624.18 | ▲ +0.33% | ▲ +0.54% | $634.98 (+2.07%) |
Aug 31, 2026 9w ago | Insider Cluster | $583.21 $593.02 | ▲ +1.68% | ▲ +1.24% | $634.98 (+8.88%) |
Aug 28, 2026 9w ago | Insider Cluster | $593.99 $583.21 | ▼ −1.81% | ▼ −1.13% | $634.98 (+6.90%) |
Aug 27, 2026 10w ago | Insider Cluster | $600.65 $593.99 | ▼ −1.11% | ▼ −0.81% | $634.98 (+5.72%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers