The insider cluster is small relative to market cap and follows a strong earnings beat, suggesting routine post-earnings selling rather than informed bearishness. Monitor for any 10b5-1 plan disclosures or additional insider sales above $5M in the coming weeks, but this cluster alone does not warrant a bearish stance.
Price Chart
Executive Summary
A cluster of five Twist Bioscience insiders, including the CEO, President/COO, and CAO, sold a total of $2.35M in stock over a week. The bulk of the sales occurred on August 3rd at ~$85.32, just after the company reported a strong fiscal Q3 2026 beat and raised guidance. One larger sale by Cho Dennis on August 5th at $109.75 accounts for two-thirds of the total value. While the cluster includes top executives, the sales are likely driven by post-earnings window openings and routine portfolio diversification rather than a bearish signal, given the strong fundamental backdrop and the relatively small size relative to the $6.8B market cap.
Key Financial Metrics
Key Facts
- Five insiders sold shares totaling $2.35M in a 7-day window.
- CEO Emily Leproust sold $435K, President/COO Patrick Finn sold $246K, and CAO Robert Werner sold $14K on Aug 3 at ~$85.32.
- Dennis Cho sold $1.56M on Aug 5 at $109.75, representing 66% of the cluster's total value.
- The sales followed Twist's Aug 3 earnings release showing Q3 FY26 revenue of $118.4M (+23% YoY), beating consensus and raising FY guidance.
- Total insider sales represent ~0.035% of Twist's $6.8B market cap, well below the 0.1% materiality threshold.
Financial Impact
Total insider sales of $2.35M represent 0.035% of $6.8B market cap — trivial in size.
Risk Factors
- Insider sales could accelerate if the stock continues to rally, creating overhang.
- Dennis Cho's larger sale at a higher price ($109.75 vs $85.32) may indicate a personal price target, but is not necessarily a company-wide 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-TWST-1786169006819 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 10, 2026 21d ago | Insider Cluster | $127.22 $166.99 | ▲ +31.26% | ▲ +31.60% | $187.45 (+47.34%) |
Aug 27, 2026 5w ago | Insider Cluster | $153.10 $128.71 | ▼ −15.93% | ▼ −16.20% | $187.45 (+22.44%) |
Aug 25, 2026 5w ago | Insider Cluster | $151.42 $132.06 | ▼ −12.79% | ▼ −12.25% | $187.45 (+23.79%) |
Aug 21, 2026 6w ago | Insider Cluster | $145.59 $141.38 | ▼ −2.89% | ▼ −3.37% | $187.45 (+28.75%) |
Aug 20, 2026 6w ago | Insider Cluster | $136.23 $153.10 | ▲ +12.38% | ▲ +11.27% | $187.45 (+37.60%) |
Aug 14, 2026 6w ago | Insider Cluster | $124.41 $140.80 | ▲ +13.17% | ▲ +14.36% | $187.45 (+50.67%) |
Aug 14, 2026 6w ago | Insider Cluster | $124.41 $140.80 | ▼ −13.17% | ▼ −14.36% | $187.45 (−50.67%) |
Aug 12, 2026 7w ago | Insider Cluster | $125.29 $136.23 | ▲ +8.73% | ▲ +10.70% | $187.45 (+49.61%) |
Aug 12, 2026 7w ago | 144 | $125.29 $136.23 | ▲ +8.73% | ▲ +10.70% | $187.45 (+49.61%) |
Aug 11, 2026 7w ago | Insider Cluster | $123.12 $116.10 | ▼ −5.70% | ▼ −5.30% | $187.45 (+52.25%) |
US Market Status
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