CEO and three directors buying in a tight cluster at $3.20-$3.89 is a strong vote of confidence. Monitor for upcoming earnings or material announcements — the cluster may precede positive news. The stock's recent strong performance (+41% alpha on last neutral report) suggests momentum could continue, but the 0.24% of market cap is not transformative on its own.
Price Chart
Executive Summary
Four SMWB insiders, including CEO Offer Or, made open-market purchases totaling $793K in a 7-day window at prices between $3.20 and $3.89. This cluster represents 0.24% of the $329M market cap — a modest but notable signal, amplified by CEO participation and the cluster-buy premium from academic literature.
Key Financial Metrics
Key Facts
- CEO Offer Or purchased 53,105 shares ($189K) on May 18-19 at $3.20-$3.58
- Three directors (Barak, Rapaport-Dagim, Beit-On Harel) added 165,000 shares ($614K) on May 18-21 at $3.22-$3.89
- Total cluster value of $793K equals 0.24% of $329M market cap
- All trades were open-market purchases (code P) — no 10b5-1 or tax-withholding sales
Financial Impact
$793K in insider purchases, 0.24% of market cap
Risk Factors
- Insider purchases at 0.24% of market cap are modest in absolute size — not a guarantee of near-term upside
- Stock has already rallied significantly (+41% alpha on prior report), raising risk of mean reversion
- No accompanying corporate catalyst (earnings, guidance, M&A) was filed alongside this cluster
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-SMWB-1779444832399 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 6-K | $8.43 | awaiting T+20 | — | $9.02 (+7.00%) |
Aug 12, 2026 10w ago | 6-K | $8.79 $8.10 | ▼ −7.85% | ▼ −5.95% | $9.02 (+2.62%) |
May 22, 2026 22w ago | Insider Cluster | $4.13 $5.02 | ▲ +21.55% | ▲ +22.97% | $9.02 (+118.40%) |
May 20, 2026 22w ago | Insider Cluster | $3.82 $4.99 | ▲ +30.63% | ▲ +29.89% | $9.02 (+136.13%) |
May 14, 2026 23w ago | 6-K | $3.07 $4.38 | ▲ +42.67% | ▲ +43.53% | $9.02 (+193.81%) |
Apr 23, 2026 26w ago | 6-K | $2.59 $3.78 | ▲ +45.95% | ▲ +41.92% | $9.02 (+248.26%) |
Apr 10, 2026 28w ago | 3 | $2.33 $3.28 | ▲ +40.77% | ▲ +32.24% | $9.02 (+287.12%) |
Mar 26, 2026 30w ago | 6-K | $2.67 $2.59 | ▼ −3.00% | ▼ −13.66% | $9.02 (+237.83%) |
US Market Status
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