The insider buying cluster post-earnings suggests management views the stock as undervalued relative to the positive operational momentum. Traders should watch for additional insider accumulation or upward guidance revisions. The stock has historically responded favorably to insider confidence signals.
Price Chart
Executive Summary
Two insiders, including CEO Jeffrey Hirsch, made open-market purchases totaling $310K on May 12, 2026, following a strong Q1 earnings report that showed positive cash flow and an accelerated margin expansion timeline. While the dollar amount is modest relative to the $368M market cap, the cluster of buys from senior management signals confidence in the company's outlook.
Key Financial Metrics
Key Facts
- CEO Jeffrey Hirsch purchased 10,000 shares at $20.72 for $207,200.
- Scott D. MacDonald purchased 5,000 shares at $20.59 for $102,950.
- Total open-market purchases by two insiders: $310,150.
- Purchases occurred 5 days after Q1 earnings release (May 7, 2026) which showed $306.9M revenue, $80.7M unlevered FCF, and accelerated 20% Adjusted OIBDA margin target to H2 2027.
- Insider purchases represent about 0.08% of market cap.
Financial Impact
Small absolute value ($310K) relative to $368M market cap, but significant as a signal from top executives.
Risk Factors
- The total purchase amount is small (<0.1% of market cap) and may be dismissed as noise.
- STARZ still reports operating losses and has $625M debt; margin expansion is pre-guidance, not yet realized.
- The CEO's purchase may be part of a 10b5-1 plan, though no such disclosure is noted.
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-1778878603669 |
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 23w 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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