On March 25, 2026, we detected 4 new cluster buys including a $3.7M purchase in $JAN by 6 insiders, and 5 notable insider purchases. Opaleye Management Inc. (10% Owner) bought $2.5M of $SLGL. Data sourced from SEC Form 4 filings analyzed by Average Insider.
⚠️ For information purposes only. This information is provided for informational purposes only and does not constitute investment advice, financial advice, trading advice, or any other type of advice. All investments carry risk, including the potential loss of principal. Past performance is not indicative of future results. You should consult with a qualified financial advisor, accountant, or other professional before making any investment decisions. The information contained in this newsletter is not intended to be a substitute for professional financial advice.
📊 Insider Trading Insights — March 25, 2026
Tracking insider purchases and cluster buys over the past 7 days. Insider buying can indicate confidence in a company's future, while cluster buys (multiple insiders buying around the same time) are particularly noteworthy signals.
🔥 Cluster Buys
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| Date Range Mar 23, 2026 – Mar 23, 2026 | |
👥 Participant Details
Arabia John V Director | 60,000 shares $1,200,000 @ $20.00/share 2026-03-23T00:00:00 |
P&L: +18.8% (+$225,000) | Brinker Scott M Director | 100,000 shares $2,000,000 @ $20.00/share 2026-03-23T00:00:00 |
P&L: +18.8% (+$375,000) |
HERMAN CHARLES J JR Director | 5,500 shares $110,000 @ $20.00/share 2026-03-23T00:00:00 |
P&L: +18.8% (+$20,625) | Miller Jeffrey H CHIEF OPERATING OFFICER | 7,500 shares $150,000 @ $20.00/share 2026-03-23T00:00:00 |
P&L: +18.8% (+$28,125) |
Olsen Denise Director | 500 shares $10,000 @ $20.00/share 2026-03-23T00:00:00 |
P&L: +18.8% (+$1,875) | Sandstrom Katherine M Director | 13,500 shares $270,000 @ $20.00/share 2026-03-23T00:00:00 |
P&L: +18.8% (+$50,625) |
📰 Recent News (Last 7 Days)
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| Date Range Mar 19, 2026 – Mar 24, 2026 | |
👥 Participant Details
Framework Ventures IV L.P. 10% Owner | 53,000 shares $1,509,440 @ $28.48/share 2026-03-19T00:00:00 |
P&L: +0.4% (+$5,830) | Framework Ventures IV L.P. 10% Owner | 40,000 shares $1,184,000 @ $29.60/share 2026-03-23T00:00:00 |
P&L: -3.4% ($40,400) |
Garg Vishal Director | 750 shares $21,375 @ $28.50/share 2026-03-23T00:00:00 |
P&L: +0.3% (+$67) | Garg Vishal Director | 9,850 shares $291,191 @ $29.56/share 2026-03-23T00:00:00 |
P&L: -3.3% ($9,579) |
Garg Vishal Director | 6,701 shares $190,136 @ $28.37/share 2026-03-24T00:00:00 |
P&L: +0.8% (+$1,445) | Garg Vishal Director | 999 shares $29,055 @ $29.08/share 2026-03-24T00:00:00 |
P&L: -1.7% ($494) |
Garg Vishal Director | 2,900 shares $87,175 @ $30.06/share 2026-03-24T00:00:00 |
P&L: -4.9% ($4,264) | |
📊 Valuation & Analyst Info
Fair Value: $-88.86 (-410.8% overvalued vs current price)
P/E Ratio: -3.0
Analyst Consensus: Hold
Price Target: $40.00 (Low: $40.00 | High: $40.00 | Median: $40.00)
📰 Recent News (Last 7 Days)
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| Date Range Mar 18, 2026 – Mar 19, 2026 | |
👥 Participant Details
Ragatz Erik D. Director | 33,997 shares $198,882 @ $5.85/share 2026-03-18T00:00:00 |
P&L: +11.6% (+$23,118) | Potter Jason J. N. Director | 286,097 shares $1,687,972 @ $5.90/share 2026-03-19T00:00:00 |
P&L: +10.7% (+$180,241) |
Ragatz Erik D. Director | 50,000 shares $287,500 @ $5.75/share 2026-03-19T00:00:00 |
P&L: +13.6% (+$39,000) | |
📊 Valuation & Analyst Info
Fair Value: $-17.45 (-367.2% overvalued vs current price)
P/E Ratio: -4.4
Analyst Consensus: Hold
Price Target: $12.08 (Low: $8.00 | High: $16.00 | Median: $11.25)
📰 Recent News (Last 7 Days)
| | |
| Date Range Mar 19, 2026 – Mar 19, 2026 | |
👥 Participant Details
Potter Jason J. N. Director | 286,097 shares $1,687,972 @ $5.90/share 2026-03-19T00:00:00 |
P&L: +10.7% (+$180,241) | Ragatz Erik D. Director | 50,000 shares $287,500 @ $5.75/share 2026-03-19T00:00:00 |
P&L: +13.6% (+$39,000) |
📊 Valuation & Analyst Info
Fair Value: $-17.45 (-367.2% overvalued vs current price)
P/E Ratio: -4.4
Analyst Consensus: Hold
Price Target: $12.08 (Low: $8.00 | High: $16.00 | Median: $11.25)
📰 Recent News (Last 7 Days)
💰 Individual Insider Buys
Transaction Date Mar 24, 2026 | | |
| | |
📊 Valuation & Analyst Info
Fair Value: $-61.16 (-176.4% overvalued vs current price)
P/E Ratio: -19.2
Analyst Consensus: Buy
Price Target: $50.00 (Low: $50.00 | High: $50.00 | Median: $50.00)
📰 Recent News (Last 7 Days)
📈 Recent Earnings: 2026-05-22
Transaction Date Mar 23, 2026 | | |
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📰 Recent News (Last 7 Days)
Transaction Date Mar 23, 2026 | | |
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📰 Recent News (Last 7 Days)
Transaction Date Mar 23, 2026 | | |
| | |
📊 Valuation & Analyst Info
Fair Value: $-198.02 (-1893.6% overvalued vs current price)
P/E Ratio: 70.1 (0.5x above Software - Infrastructure avg (45.4)) (0.6x above Technology avg (43.2))
Analyst Consensus: Buy
Price Target: $24.50 (Low: $20.00 | High: $30.00 | Median: $24.00)
📰 Recent News (Last 7 Days)
📈 Recent Earnings: 2026-06-01
Transaction Date Mar 23, 2026 | | |
| | |
📊 Valuation & Analyst Info
Fair Value: $34.74 (+179.5% undervalued vs current price)
P/E Ratio: 9.5 (0.6x below Financial Services avg (23.9))
📰 Recent News (Last 7 Days)
📈 Recent Earnings: 2025-06-03
⚠️ Important Disclaimers
Investment Disclaimer: This content is for informational purposes only and should not be considered investment advice.
Data Accuracy: All information is sourced from SEC filings and third-party data providers. Errors or omissions may occur.
Market Risks: Past insider buying activity does not guarantee future performance.
Professional Advice: Consult with qualified financial professionals before making any investment decisions.