The CEO and a director each deployed nearly $900K of personal capital at ~$88 — a strong conviction signal. Monitor for any upcoming earnings pre-announcement or strategic update that may have prompted this cluster. The historical calibration shows past PATK reports have underperformed at T+20 (avg -4.48%), but this is a genuine cluster buy with C-suite participation, which carries independent predictive power per the literature. Consider accumulating on weakness if the stock dips below $85.
Price Chart
Executive Summary
Six PATK insiders, including CEO Andy Nemeth and Director M. Scott Welch, made open-market purchases totaling $2.51M over a 5-day window ending May 6, 2026. This is a material cluster buy at ~0.08% of market cap, with the CEO personally deploying $880K. The buying is concentrated at prices near $85-88, suggesting management sees value at current levels despite the stock's recent underperformance.
Key Financial Metrics
Key Facts
- CEO Andy Nemeth bought 10,000 shares at $88.00 for $880K on May 5
- Director M. Scott Welch bought 10,000 shares at $88.22 for $882K on May 5
- President - RV Charles Roeder bought 5,800 shares at $87.83 for $505K on May 5
- Total cluster value: $2.51M in open-market purchases across 6 insiders
- No insider sales in the cluster; net direction is 100% buying
- All trades are open-market purchases (code P) — no 10b5-1 plan sales or tax-withholding events
Financial Impact
$2.51M in insider purchases, representing ~0.08% of PATK's $3.0B market cap
Risk Factors
- Historical calibration shows PATK reports have averaged -4.48% at T+20 with only 40% win rate
- The $2.51M cluster is only 0.08% of market cap — below the 0.1% threshold for 'modest' materiality
- Insider buys can be contrarian signals that take months to play out; short-term price may not react
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PATK-1782349212780 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 14, 2026 7w ago | Press Release | $86.06 $72.98 | ▼ −15.20% | ▼ −13.21% | $67.16 (−21.96%) |
Aug 10, 2026 7w ago | 425 / 8-K | $87.42 $76.99 | ▼ −11.93% | ▼ −10.87% | $67.16 (−23.18%) |
Jul 30, 2026 9w ago | 8-K | $84.00 $83.09 | ▼ −1.08% | ▼ −5.05% | $67.16 (−20.05%) |
Jun 30, 2026 13w ago | 425 | $85.27 $86.62 | ▲ +1.58% | ▲ +3.77% | $67.16 (−21.24%) |
Jun 30, 2026 13w ago | 425 | $85.27 $86.62 | ▲ +1.58% | ▲ +3.77% | $67.16 (−21.24%) |
Jun 25, 2026 14w ago | Insider Cluster | $92.68 $85.45 | ▼ −7.80% | ▼ −8.33% | $67.16 (−27.54%) |
May 18, 2026 19w ago | 8-K | $89.85 $87.13 | ▼ −3.03% | ▼ −4.61% | $67.16 (−25.26%) |
May 7, 2026 21w ago | 8-K | $95.36 $90.65 | ▼ −4.94% | ▼ −8.08% | $67.16 (−29.57%) |
May 5, 2026 21w ago | Insider Cluster | $90.06 $90.66 | ▲ +0.67% | ▼ −4.29% | $67.16 (−25.43%) |
May 5, 2026 21w ago | Insider Cluster | $90.06 $90.66 | ▲ +0.67% | ▼ −4.29% | $67.16 (−25.43%) |
US Market Status
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