Insider Cluster (10 insiders) ·Filed Aug 17, 2026

ZG

ZILLOW GROUP, INC.
NEUTRAL
Impact 2/10
Horizonimmediate Processed1mo ago
Insider cluster: 2 insiders, $101K total
Actionable Insight • Neutral

The insider sales are immaterial relative to ZG's market cap and likely driven by routine portfolio diversification or tax planning. No bearish signal — monitor for any upcoming earnings or material corporate events that could explain the timing, but no immediate action warranted.

DirectionNeutral
Confidencehigh
Horizonimmediate
Latest settled — T+20d
ZG ▼ -7.11% at T+20d
NEUTRAL call ✗ call lost -7.11% · α vs SPY -6.12% · entry $35.28 → $32.77
Next anchor: T+60d in 6w
Latest observation: T+29 -18.51% FF3 residual α
Entry anchored
Aug 17, 2026
via day open
T+1d
+6.12%
call +6.12% · α +5.91%
$37.44
settled 6w ago
T+5d
+5.13%
call +5.13% · α +5.33%
$37.09
settled 6w ago
T+20d
-7.11%
call -7.11% · α -6.12%
$32.77
settled 17d ago
T+60d
—
call — · α —
—
in 6w

Price Chart

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Executive Summary

A cluster of 10 insider sales at Zillow Group over a 7-day window, totaling ~$1.26M, was executed by the CEO, COO/CFO, CTO, Chief People Officer, Chief Accounting Officer, Chief Industry Development Officer, and a Director. The sales are open-market and involve the entire C-suite, but the total dollar value is only ~0.016% of the $7.9B market cap, making it trivial and routine. The historical performance on ZG shows a prior bullish report was strongly wrong (-13.55% at T+20), and the calibration data warns against over-scoring. The sales are likely liquidity-driven (e.g., tax planning, diversification) and not a bearish signal given the proportionality.

Key Financial Metrics

Direction
selling
Total Value
$1.3M
Insiders
10

Key Facts

  • 10 insider sales totaling ~$1.26M over 7 days
  • Sales include CEO, COO/CFO, CTO, and other C-suite executives
  • Total sales value is ~0.016% of ZG's $7.9B market cap
  • All transactions are open-market sales (code S)
  • No insider purchases in the cluster

Financial Impact

~$1.26M in insider sales, representing 0.016% of market cap

insider ownership

Risk Factors

  • Insider sales could be misinterpreted as a bearish signal by the market
  • If a material negative event (e.g., earnings miss) follows, the sales may appear prescient in hindsight

Market Snapshot

Exchange
Nasdaq
Sector
Services-Business Services, NEC
Analyst Consensus
57% bullish (30 analysts)

Investment Themes

Software & IT

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

DocumentAccession Number
CLUSTER Data (Synthetic)cluster-ZG-1787004111255
5 reports for ZG
Performance horizon
33% Hit rate 1 of 3 directional calls best @ T+20▲ +9.30%Aug 17, 2026
Filters
Rows
Reports for ZG — sortable, filterable
TypeNow
Sep 3, 2026
29d ago
144
NEUTRAL ★ 2/10
$35.32 $33.83▼ −4.22%▼ −3.01%$28.09 (−20.46%)
Aug 24, 2026
5w ago
8-K
BULLISH ★ 6/10
$37.95 $35.79▼ −5.69%▼ −6.16%$28.09 (−25.97%)
Aug 17, 2026
6w ago
Insider Cluster
BEARISH ★ 5/10
$35.28 $37.09▼ −5.13%▼ −5.33%$28.09 (+20.37%)
Aug 17, 2026
6w ago
Insider Cluster
NEUTRAL ★ 2/10
$35.28 $37.09▲ +5.13%▲ +5.33%$28.09 (−20.37%)
Mar 5, 2026
30w ago
8-K
BULLISH ★ 6/10
$47.01 $40.81▼ −13.19%▼ −10.95%$28.09 (−40.24%)
Showing 5 of 5

US Market Status

Market Closed — Opens Mon (64h 18m)

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Report published Aug 17, 2026