The CEO's $599K purchase is a positive signal but the dollar amount is too small relative to market cap to be a strong catalyst. The cluster follows a Q1 earnings miss on revenue and net income, partially offset by record backlog and margins. Watch for any material insider sales in the next 30 days — if insiders start selling after this buy cluster, it would negate the signal.
Price Chart
Executive Summary
Two PSN insiders, including the CEO, made open-market purchases totaling $1.09M over a 7-day window following Q1 earnings that showed a 4% revenue decline and 20% net income drop. The insider buying is notable in both dollar terms and timing, but the cluster value is only ~0.02% of PSN's $5.2B market cap, making it a modest signal that does not override the bearish earnings read.
Key Financial Metrics
Key Facts
- CEO Carey Smith purchased 12,000 shares at $49.94 ($599K) on 2026-05-08
- Director Harry McMahon purchased 10,000 shares at $49.14 ($491K) on 2026-05-11
- Total insider purchases of $1.09M represent ~0.02% of PSN's $5.2B market cap
- Q1 2026 revenue fell 4% YoY to $1.5B; net income dropped 20% to $53M
- Adjusted EBITDA margin expanded 50bps to a record 10.1%; backlog hit record $9.3B
- Company reiterated FY2026 guidance despite Q1 revenue decline
Financial Impact
Insider purchases total $1.09M, or 0.02% of market cap — trivial relative to company size
Risk Factors
- Q1 revenue declined 4% YoY and 8% organically — top-line weakness may persist
- Federal Solutions revenue dropped 10% YoY, driven by confidential contract headwinds
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-PSN-1778619023649 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 20d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $49.99 (+18.74%) |
Sep 29, 2026 27d ago | Press Release | $41.55 $40.97 | ▼ −1.40% | ▼ −1.19% | $49.99 (+20.31%) |
Jul 29, 2026 12w ago | 8-K | $40.32 $43.17 | ▼ −7.07% | ▼ −5.39% | $49.99 (−23.98%) |
Jul 16, 2026 14w ago | GOVT-CONTRACT | $56.05 $55.48 | ▼ −1.02% | ▼ −0.86% | $49.99 (−10.81%) |
Jul 7, 2026 15w ago | Press Release | $56.48 $56.63 | ▲ +0.27% | ▲ +0.57% | $49.99 (−11.49%) |
Jul 1, 2026 16w ago | Press Release | $53.16 $56.29 | ▲ +5.89% | ▲ +6.02% | $49.99 (−5.96%) |
Jun 16, 2026 18w ago | Press Release | $55.66 $54.82 | ▼ −1.51% | ▼ −0.26% | $49.99 (−10.19%) |
Jun 15, 2026 19w ago | Press Release | $55.49 $55.66 | ▲ +0.31% | ▲ +0.90% | $49.99 (−9.91%) |
Jun 9, 2026 19w ago | Press Release | $58.51 $56.47 | ▼ −3.49% | ▼ −1.91% | $49.99 (−14.56%) |
Jun 8, 2026 20w ago | Press Release | $57.83 $58.51 | ▲ +1.18% | ▲ +1.47% | $49.99 (−13.56%) |
US Market Status
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