The CEO's first open-market purchase in this window is a strong bullish signal, especially following the Q2 earnings beat and raised guidance. Monitor for additional insider buying or a potential catalyst event (M&A, new content deal) that could drive the stock toward the $30+ level implied by prior cluster signals.
Price Chart
Executive Summary
STRZ CEO Jeffrey Hirsch and director James Kapenstein made open-market purchases totaling $274K on August 10, 2026, just 6 days after the company reported Q2 earnings that showed OTT revenue growth and deleveraging. The CEO's $248K purchase at $24.80 is a strong conviction signal, especially following the raised 2026 Adjusted OIBDA guidance and reduced leverage to 2.9x.
Key Financial Metrics
Key Facts
- CEO Jeffrey Hirsch purchased 10,000 shares at $24.80 for $248K on August 10, 2026
- Director James Kapenstein purchased 1,000 shares at $25.73 for $26K on August 10, 2026
- Total insider buying cluster: $274K, representing 0.07% of $402M market cap
- Purchases occurred 6 days after Q2 2026 earnings (8-K filed Aug 7) showing OTT revenue growth and deleveraging to 2.9x
Financial Impact
Insider purchases of $274K represent 0.07% of market cap — modest in absolute terms but highly significant given CEO participation and proximity to positive earnings
Risk Factors
- $274K cluster is only 0.07% of market cap — small relative to company size
- Restructuring charge of $151.2M in Q2 shows ongoing transition costs
- GAAP net loss widened to $(189.4)M despite operational improvements
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-STRZ-1786612557551 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $22.19 | awaiting T+20 | — | $20.89 (−5.86%) |
Oct 6, 2026 20d ago | 8-K | $23.53 | awaiting T+20 | — | $20.89 (−11.22%) |
Oct 1, 2026 25d ago | Press Release | $23.25 | awaiting T+20 | — | $20.89 (−10.15%) |
Aug 14, 2026 10w ago | Insider Cluster | $25.43 $27.21 | ▲ +7.00% | ▲ +8.98% | $20.89 (−17.85%) |
Aug 12, 2026 10w ago | Insider Cluster | $28.00 $25.87 | ▼ −7.61% | ▼ −5.86% | $20.89 (−25.39%) |
Aug 7, 2026 11w ago | 8-K | $26.22 $26.89 | ▲ +2.56% | ▲ +2.95% | $20.89 (−20.33%) |
May 15, 2026 23w ago | Insider Cluster | $21.27 $27.89 | ▲ +31.12% | ▲ +29.54% | $20.89 (−1.79%) |
May 14, 2026 23w ago | Insider Cluster | $23.12 $28.06 | ▲ +21.35% | ▲ +19.23% | $20.89 (−9.65%) |
May 12, 2026 24w ago | Insider Cluster | $20.35 $27.46 | ▲ +34.94% | ▲ +36.67% | $20.89 (+2.65%) |
Apr 15, 2026 27w ago | 8-K | $17.20 $19.64 | ▲ +14.19% | ▲ +8.37% | $20.89 (+21.45%) |
US Market Status
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