Co-CEO's first open-market purchase in the available window is a strong signal that management sees value at current levels (~$1.93). With 67% analyst bullishness and recent institutional accumulation (Invesco $9M, 3 adds, 7 doubled), the insider cluster adds conviction. Monitor for Q3 earnings in November — if fundamentals confirm the insider read, the stock could re-rate.
Price Chart
Executive Summary
Two OPAL insiders, including Co-CEO Adam Comora, made open-market purchases totaling $116K near $1.93/share. The Co-CEO's $96.5K buy is the largest insider purchase at OPAL in the past 30 days and represents a conviction signal from the highest-ranking executive. Director Nadeem added $39K in two trades. At a $348M market cap, the cluster is 0.03% of market cap — below the 0.1% materiality threshold — but the C-suite participation and cluster-buy amplification per academic literature elevate the signal.
Key Financial Metrics
Key Facts
- Co-CEO Adam Comora purchased 50,000 shares at $1.93 for $96,500 on 2026-09-01
- Director Nadeem purchased 20,000 shares total ($39K) at $1.91-$1.98 on 2026-08-31 and 2026-09-01
- Cluster total: $116K in open-market buys, 0.03% of $348M market cap
- No 10b5-1 pattern or vesting-driven sales detected — all trades are open-market purchases
- Prior 30-day insider activity: 3 buys totaling $135K, so this cluster adds 86% to that total
Financial Impact
$116K insider purchases, 0.03% of market cap — below standard materiality floor but amplified by C-suite participation
Risk Factors
- Cluster is only 0.03% of market cap — below the 0.1% materiality threshold; the dollar amount is small
- No earnings or catalyst filing accompanies this cluster — the signal is purely informational
- The stock trades near $1.93, which is below the $2.00 level where Director Nadeem bought on 8/31
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-OPAL-1788413066108 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | 8-K | $1.53 | awaiting T+20 | — | $1.55 (+1.31%) |
Oct 20, 2026 6d ago | 8-K | $1.53 | awaiting T+20 | — | $1.55 (+1.31%) |
Sep 18, 2026 5w ago | EFFECT | $1.87 $1.56 | ▲ +16.58% | ▲ +16.78% | $1.55 (+17.11%) |
Sep 2, 2026 7w ago | Insider Cluster | $1.98 $1.74 | ▼ −12.12% | ▼ −11.91% | $1.55 (−21.72%) |
Aug 10, 2026 11w ago | 8-K | $2.60 $1.92 | ▲ +26.15% | ▲ +25.24% | $1.55 (+40.38%) |
Jun 11, 2026 19w ago | Institutional Cluster | $1.91 $2.01 | ▲ +5.24% | ▲ +3.34% | $1.55 (−18.85%) |
Jun 3, 2026 20w ago | 8-K | $2.31 $2.11 | ▼ −8.66% | ▼ −7.29% | $1.55 (−32.90%) |
May 21, 2026 22w ago | Insider Cluster | $2.16 $1.90 | ▼ −12.04% | ▼ −10.62% | $1.55 (−28.24%) |
May 20, 2026 22w ago | 8-K | $2.01 $1.79 | ▼ −11.19% | ▼ −11.53% | $1.55 (−22.89%) |
May 11, 2026 24w ago | 8-K | $2.19 $2.00 | ▲ +8.68% | ▲ +8.37% | $1.55 (+29.22%) |
US Market Status
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