CEO Palfreyman's open-market purchase at $48.75 is a modest bullish signal — C-suite cluster buys are the strongest insider signal per academic literature. However, the dollar amount is tiny relative to market cap. Monitor for additional insider buying or upcoming earnings/guidance. The discretionary transactions by directors are non-cash and should be ignored.
Price Chart
Executive Summary
Two NWN insiders — CEO Justin Palfreyman and Director Peter Bragdon — made open-market purchases totaling ~$80K over a 7-day window. CEO Palfreyman's $60K buy at $48.75 is the largest and most notable, as C-suite open-market purchases carry strong predictive signal per academic literature.
Key Financial Metrics
Key Facts
- CEO Justin Palfreyman purchased 1,225 shares open-market at $48.75 for ~$60K on 2026-05-07
- Director Peter Bragdon purchased 400 shares open-market at $50.32 for ~$20K on 2026-05-12
- Total open-market purchases: ~$80K, representing ~0.004% of NWN's $2.1B market cap
- Four directors also had discretionary transactions (non-cash) on 2026-05-07 totaling ~$147K — these are not open-market trades and carry no economic signal
Financial Impact
~$80K in open-market purchases, immaterial relative to $2.1B market cap
Risk Factors
- Insider buying amount is trivial relative to market cap — may be noise
- No material financial catalyst identified in the cluster window
- Discretionary transactions by directors could confuse the signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NWN-1778712858062 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 19, 2026 7d ago | 144 | $47.96 $48.89 | ▲ +1.94% | ▲ +1.60% | $49.92 (+4.08%) |
Jun 26, 2026 17w ago | 144 | $50.83 $49.98 | ▲ +1.67% | ▲ +3.32% | $49.92 (+1.80%) |
May 7, 2026 24w ago | Insider Cluster | $49.94 $49.96 | ▲ +0.04% | ▼ −0.19% | $49.92 (−0.06%) |
Mar 24, 2026 30w ago | 8-K | $51.77 $52.47 | ▲ +1.36% | ▲ +0.80% | $49.92 (−3.57%) |
Mar 5, 2026 33w ago | Insider Cluster | $51.58 $52.10 | ▲ +1.01% | ▲ +2.33% | $49.92 (−3.22%) |
Mar 5, 2026 33w ago | Insider Cluster | $51.58 $52.10 | ▲ +1.01% | ▲ +2.33% | $49.92 (−3.22%) |
Mar 5, 2026 33w ago | Insider Cluster | $51.58 $52.10 | ▲ +1.01% | ▲ +2.33% | $49.92 (−3.22%) |
Feb 27, 2026 34w ago | 8-K | $52.55 $52.59 | ▲ +0.08% | ▲ +0.02% | $49.92 (−5.01%) |
US Market Status
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