The cluster of C-suite and board-level open-market buys post-earnings is a strong signal of insider conviction, but the dollar amount is too small to move the stock mechanically. Monitor for any follow-on purchases at higher volumes or a Form 144 filing that would indicate a change in posture. The buyback authorization provides additional downside support.
Price Chart
Executive Summary
Four TKO insiders, including CEO Ariel Emanuel and CFO Andrew Schleimer, made open-market purchases totaling $2.77M within a week of the company reporting a strong Q1 2026 beat (revenue +26% YoY, EPS +23% vs consensus). The cluster is a clear vote of confidence from top management following positive earnings, though the total value represents less than 0.01% of TKO's $36.3B market cap.
Key Financial Metrics
Key Facts
- CEO Ariel Emanuel purchased 3,868 shares at $184.60 for $714K on May 13
- CFO Andrew Schleimer purchased 1,696 shares at $184.99 for $314K on May 13
- Director Jonathan Kraft purchased 4,500 shares at $189.86 for $854K on May 14
- Mark Shapiro (See Remarks) purchased 4,807 shares at $184.62 for $887K on May 13
- Total cluster value: $2.77M, representing ~0.008% of TKO's $36.3B market cap
- Purchases occurred 7-8 days after TKO reported Q1 2026 revenue of $1.597B (+26% YoY) and EPS of $1.12 (beat by 23%)
- Management reaffirmed full-year guidance and authorized an additional $1B buyback on May 6
Financial Impact
$2.77M in insider purchases, negligible relative to $36.3B market cap
Risk Factors
- Insider purchases are small relative to market cap and may not reflect a material re-rating catalyst
- The stock has already rallied post-earnings; purchases may be partially momentum-driven
- No insider sales in the cluster to provide a contrasting signal
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-TKO-1779135336961 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 20, 2026 6w ago | Insider Cluster | $195.45 $189.26 | ▼ −3.17% | ▼ −3.17% | $175.58 (−10.17%) |
Jul 20, 2026 10w ago | 144 | $181.70 $192.11 | ▲ +5.73% | ▲ +3.17% | $175.58 (−3.37%) |
Jun 26, 2026 14w ago | 144 | $211.62 $180.62 | ▼ −14.65% | ▼ −14.37% | $175.58 (−17.03%) |
Jun 12, 2026 16w ago | 144 | $201.19 $180.96 | ▼ −10.06% | ▼ −9.31% | $175.58 (−12.73%) |
Jun 11, 2026 16w ago | Institutional Cluster | $213.70 $188.18 | ▼ −11.94% | ▼ −13.83% | $175.58 (−17.84%) |
May 18, 2026 19w ago | Insider Cluster | $193.07 $194.53 | ▲ +0.76% | ▼ −0.23% | $175.58 (−9.06%) |
May 6, 2026 21w ago | 8-K | $187.51 $198.57 | ▲ +5.90% | ▲ +2.76% | $175.58 (−6.36%) |
US Market Status
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