This cluster is routine and non-informative. The CFO's sale is small relative to market cap and likely liquidity-driven. Monitor for any upcoming earnings or material events that could trigger more significant insider activity, but no immediate action is warranted.
Price Chart
Executive Summary
CFO Gregory Wong and Director Asmau Ahmed sold a combined $444K in QNST stock over a 7-day window, with the CFO's sale being the most notable. The total value is 0.04% of the $1.2B market cap, falling well below the 0.1% threshold for materiality, making this a routine cluster. Historical calibration on QNST reports shows poor performance (avg T+20 alpha of -20.79%), and the cluster is entirely sells, which per academic literature are weak predictors. The filing is neutral with low impact.
Key Financial Metrics
Key Facts
- CFO Gregory Wong sold 11,704 shares for $239K on 2026-08-18
- Director Asmau Ahmed sold 35,000 shares total ($720K) across three trades from 2026-08-12 to 2026-08-17
- Total cluster value of $444K is 0.04% of QNST's $1.2B market cap
- No insider buying in the cluster; all transactions are open-market sales
- Historical reports on QNST have a 0% win rate at T+20 with avg alpha of -20.79%
Financial Impact
Total insider sales of $444K, representing 0.04% of market cap — trivial
Risk Factors
- Insider sales, while small, could precede a negative catalyst if they accelerate
- Historical poor performance of QNST reports suggests limited predictive value from this filing type
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-QNST-1787090570782 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 18, 2026 6w ago | Insider Cluster | $21.06 $17.67 | ▼ −16.10% | ▼ −14.15% | $14.97 (−28.92%) |
Aug 13, 2026 7w ago | Insider Cluster | $20.50 $18.48 | ▲ +9.85% | ▲ +7.86% | $14.97 (+26.98%) |
Aug 11, 2026 7w ago | Insider Cluster | $20.79 $18.03 | ▲ +13.28% | ▲ +11.38% | $14.97 (+27.99%) |
Jun 18, 2026 15w ago | Institutional Cluster | $13.06 $17.31 | ▼ −32.54% | ▼ −32.01% | $14.97 (−14.62%) |
May 7, 2026 21w ago | 8-K | $13.21 $11.95 | ▼ −9.54% | ▼ −9.56% | $14.97 (+13.32%) |
US Market Status
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