The CEO's $1.89M open-market buy is a strong conviction signal, but historical calibration on SGI shows prior bullish calls have underperformed by -4.80% at T+20. Monitor for additional insider buying or a catalyst (earnings, product launch) that could validate this trade. The purchase is small relative to market cap, so it may take a broader catalyst to move the stock.
Price Chart
Executive Summary
CEO Scott Thompson purchased $1.89M of SGI stock on the open market at ~$62.84/share, a significant conviction buy representing ~0.014% of the $13.1B market cap. This is a standalone bullish signal from the top executive, though historical calibration shows prior bullish calls on SGI have underperformed at T+20.
Key Financial Metrics
Key Facts
- CEO & President Scott L. Thompson purchased 30,000 shares at $62.8438 for a total of $1,885,314
- Open-market purchase (code P) — not a grant or option exercise
- Purchase represents ~0.014% of SGI's $13.1B market cap
- SGI has 80% bullish analyst consensus (5 Strong Buy, 7 Buy, 3 Hold)
- Prior bullish reports on SGI have averaged -4.80% at T+20 with a 30% win rate
Financial Impact
CEO invested $1.89M of personal capital at $62.84/share
Risk Factors
- Historical calibration shows prior bullish SGI reports underperformed by -4.80% at T+20 with only 30% win rate
- Purchase is only 0.014% of market cap — may not be enough to move the stock alone
- No accompanying catalyst or filing context to explain the timing of the buy
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| INSIDER-BUY Data (Synthetic) | 0001206399-26-000007 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 28, 2026 5w ago | 3 | $64.75 $62.26 | ▼ −3.85% | ▼ −3.66% | $61.97 (−4.29%) |
Aug 27, 2026 5w ago | Insider Buy | $62.48 $62.15 | ▼ −0.53% | ▼ −0.42% | $61.97 (−0.82%) |
Aug 26, 2026 5w ago | 8-K | $62.83 $63.36 | ▲ +0.84% | ▼ −0.36% | $61.97 (−1.37%) |
Aug 25, 2026 5w ago | 8-K | $64.09 $62.87 | ▼ −1.90% | ▼ −2.88% | $61.97 (−3.31%) |
Jul 27, 2026 9w ago | 8-K | $72.10 $64.09 | ▼ −11.11% | ▼ −14.49% | $61.97 (−14.05%) |
Jul 15, 2026 11w ago | Press Release | $73.27 $64.25 | ▼ −12.31% | ▼ −14.65% | $61.97 (−15.42%) |
Jul 10, 2026 12w ago | EFFECT | $73.55 $65.25 | ▼ −11.28% | ▼ −13.71% | $61.97 (−15.74%) |
Jun 24, 2026 14w ago | S-4 | $78.59 $68.85 | ▼ −12.39% | ▼ −12.92% | $61.97 (−21.15%) |
Jun 4, 2026 17w ago | 425 | $69.63 $78.43 | ▲ +12.64% | ▲ +14.01% | $61.97 (−11.00%) |
Jun 4, 2026 17w ago | 8-K | $69.63 $78.43 | ▲ +12.64% | ▲ +14.01% | $61.97 (−11.00%) |
US Market Status
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