The CEO-led insider buying cluster is a positive signal per academic literature (cluster buys yield ~3.8% abnormal returns over 21 days). Monitor for any upcoming material news (earnings, contract wins) that could catalyze the stock. The small dollar amount relative to market cap limits conviction — treat as a modest bullish indicator, not a strong buy signal.
Price Chart
Executive Summary
Three PSN insiders, including the CEO and two directors, made open-market purchases totaling $1.26M over a 5-day window. This cluster of buys is a strong bullish signal, particularly given the CEO's participation, though the total value represents only ~0.02% of market cap.
Key Financial Metrics
Key Facts
- CEO Carey A. Smith purchased 12,000 shares at $49.94 for $599,280 on 2026-05-08
- Director Harry T. McMahon purchased 10,000 shares at $49.14 for $491,400 on 2026-05-11
- Director Mark Keith Holdsworth purchased 3,246 shares at $50.70 for $164,572 on 2026-05-12
- Total cluster value: $1.26M, representing ~0.02% of PSN's $5.6B market cap
- All three transactions are open-market purchases (code P), not grants or exercises
Financial Impact
Insider purchases total $1.26M, ~0.02% of market cap — modest in absolute terms but significant as a cluster of open-market buys by C-suite and directors
Risk Factors
- Insider buys are only 0.02% of market cap — may be routine portfolio rebalancing rather than material conviction
- No accompanying material corporate event (earnings, guidance, contract) to confirm the bullish 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-PSN-1778704223658 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 6, 2026 21d ago | Press Release | $42.10 $42.02 | ▼ −0.19% | ▲ +0.05% | $49.99 (+18.74%) |
Sep 29, 2026 28d 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 16w 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 19w 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 20w 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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