CEO buying post-earnings is a strong conviction signal that reinforces the bullish inflection narrative from Q2 results (OTT growth, deleveraging, raised guidance). The President's $808K in sales are a partial offset but likely liquidity-driven. Monitor for additional insider buying in the next 2 weeks as confirmation of management's confidence in the 20% OIBDA margin target for H2 2027.
Price Chart
Executive Summary
CEO Jeffrey Hirsch bought $248K of STRZ stock at $24.80 on Aug 10, just days after the company reported bullish Q2 earnings with OTT revenue growth and deleveraging. This is partially offset by President Alison Hoffman selling ~$808K across four trades on Aug 12-13, creating a mixed cluster ($274K buys vs $808K sells) but with the CEO's post-earnings buy carrying the stronger signal per insider-trading literature.
Key Financial Metrics
Key Facts
- CEO Jeffrey Hirsch purchased 10,000 shares at $24.80 for $248K on Aug 10, days after bullish Q2 earnings
- President of Starz Networks Alison Hoffman sold 32,291 shares total (~$808K) across 4 open-market trades on Aug 12-13
- James Kapenstein purchased 1,000 shares at $25.73 for $26K on Aug 10
- Q2 2026 earnings (filed Aug 7) showed OTT revenue of $221.3M, deleveraging to 2.9x, and raised OIBDA growth outlook
- Total cluster: $274K in open-market buys vs $808K in open-market sells, net selling of ~$534K
Financial Impact
CEO buy of $248K represents 0.05% of $479M market cap; President's sells of $808K represent 0.17% of market cap
Risk Factors
- President of Starz Networks selling $808K could indicate insider concern about valuation or business trajectory at current levels
- GAAP net loss widened to $(189.4)M driven by $151.2M restructuring charge
- Cluster is net selling by dollar value ($534K more sold than bought)
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-1786738801939 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $22.19 | awaiting T+20 | — | $20.91 (−5.77%) |
Oct 6, 2026 20d ago | 8-K | $23.53 | awaiting T+20 | — | $20.91 (−11.13%) |
Oct 1, 2026 25d ago | Press Release | $23.25 | awaiting T+20 | — | $20.91 (−10.06%) |
Aug 14, 2026 10w ago | Insider Cluster | $25.43 $27.21 | ▲ +7.00% | ▲ +8.98% | $20.91 (−17.77%) |
Aug 12, 2026 10w ago | Insider Cluster | $28.00 $25.87 | ▼ −7.61% | ▼ −5.86% | $20.91 (−25.32%) |
Aug 7, 2026 11w ago | 8-K | $26.22 $26.89 | ▲ +2.56% | ▲ +2.95% | $20.91 (−20.25%) |
May 15, 2026 23w ago | Insider Cluster | $21.27 $27.89 | ▲ +31.12% | ▲ +29.54% | $20.91 (−1.69%) |
May 14, 2026 23w ago | Insider Cluster | $23.12 $28.06 | ▲ +21.35% | ▲ +19.23% | $20.91 (−9.56%) |
May 12, 2026 24w ago | Insider Cluster | $20.35 $27.46 | ▲ +34.94% | ▲ +36.67% | $20.91 (+2.75%) |
Apr 15, 2026 27w ago | 8-K | $17.20 $19.64 | ▲ +14.19% | ▲ +8.37% | $20.91 (+21.57%) |
US Market Status
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