The C-suite cluster buy is a rare and strong bullish signal. Traders should monitor for any upcoming positive catalysts (e.g., earnings beat, operational update, or asset sale) that may have prompted this buying.
Price Chart
Executive Summary
Four Matador Resources insiders, including the CEO, CFO, and COO, made open-market purchases totaling ~$390K over a three-day window. This cluster of C-suite buying is a strong bullish signal, especially given the company's $7B market cap and the historical outperformance of cluster buys in the literature.
Key Financial Metrics
Key Facts
- Four insiders purchased shares in open-market transactions between May 27-29, 2026.
- Total purchase value: ~$390K (0.0056% of $7B market cap).
- Chairman & CEO Joseph Foran made the largest purchase: $245K on May 27 and $25K on May 29.
- EVP & CFO Christopher Calvert purchased $80K worth of shares.
- EVP & COO Glenn Stetson purchased $27K worth of shares.
- SVP & Chief Accounting Officer Benjamin Colodney purchased $13K worth of shares.
- All transactions were open-market buys (code P) — no 10b5-1 plan or tax-withholding sales.
- The cluster is concentrated in the C-suite (CEO, CFO, COO), which carries the heaviest signal for insider buys.
Financial Impact
$390K in aggregate insider purchases, representing 0.0056% of market cap — below the 0.1% threshold for materiality by market-cap proportion, but the C-suite concentration and open-market nature elevate the signal.
Risk Factors
- The total dollar amount ($390K) is small relative to the $7B market cap — the signal may be noise if insiders are simply accumulating at what they view as a discount.
- No explicit catalyst is identified in the filing; the buying could be routine portfolio rebalancing.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-MTDR-1780441676601 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 4d ago | 8-K | $56.79 | awaiting T+60 | — | $59.96 (+5.58%) |
Oct 5, 2026 21d ago | 8-K | $53.01 | awaiting T+60 | — | $59.96 (+13.11%) |
Aug 31, 2026 8w ago | Insider Cluster | $58.01 | awaiting T+60 | — | $59.96 (+3.36%) |
Aug 14, 2026 10w ago | Insider Cluster | $53.69 | awaiting T+60 | — | $59.96 (+11.68%) |
Aug 12, 2026 10w ago | Insider Cluster | $52.51 | awaiting T+60 | — | $59.96 (+14.19%) |
Jul 24, 2026 13w ago | 8-K | $50.81 $57.38 | ▲ +12.93% | ▲ +9.64% | $59.96 (+18.01%) |
Jun 17, 2026 18w ago | Insider Cluster | $49.56 $61.18 | ▲ +23.45% | ▲ +21.55% | $59.96 (+20.98%) |
Jun 16, 2026 18w ago | 8-K | $50.40 $61.05 | ▲ +21.13% | ▲ +17.98% | $59.96 (+18.97%) |
Jun 11, 2026 19w ago | Institutional Cluster | $53.62 $59.15 | ▲ +10.31% | ▲ +5.92% | $59.96 (+11.82%) |
Jun 11, 2026 19w ago | Insider Cluster | $53.62 $59.15 | ▲ +10.31% | ▲ +5.92% | $59.96 (+11.82%) |
US Market Status
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