The insider buying is too small relative to market cap to indicate material conviction. Monitor for larger insider purchases (>$5M) or a broader cluster of 5+ insiders buying before reading any signal. The RV division President's purchase is notable but not actionable at this scale.
Price Chart
Executive Summary
Two PATK insiders, including the President of the RV division, made open-market purchases totaling $591K in early May 2026. This insider buying cluster represents ~0.02% of the company's $3.0B market cap, a trivial amount that does not signal material conviction. The purchases coincide with the stock trading near $85-88, well below the analyst consensus price target, but the dollar value is too small to be actionable.
Key Financial Metrics
Key Facts
- Two insiders purchased shares in open-market transactions totaling $591K
- President of RV division (Roeder Charles R) bought 5,750 shares at $87.83 for $505K
- Filer Matthew S bought 1,000 shares at $85.50 for $86K
- Total cluster value is ~0.02% of PATK's $3.0B market cap
- All transactions were open-market purchases (code P)
- No insider sales were reported in the cluster window
Financial Impact
Total insider purchases of $591K represent ~0.02% of market cap — immaterial
Risk Factors
- Insider buying is trivial relative to market cap — no meaningful signal
- Historical PATK reports have shown negative T+20 alpha (-8.18% avg), suggesting the stock may continue to underperform
- No other insiders (CEO, CFO, board) participated, limiting the cluster's significance
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-1778068380336 |
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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