What is a cluster buy in insider trading?

A cluster buy occurs when multiple corporate insiders at the same company purchase stock within a short timeframe, typically 30 days. This pattern signals broad management confidence rather than a single individual's view.

Why are cluster buys considered a strong bullish signal?

Cluster buys represent consensus among multiple insiders who independently decided to invest their own money. Research shows that stocks with cluster buying activity tend to significantly outperform the market over the following 6-12 months.

Insider Cluster Buys — Multiple Insiders Buying the Same Stock

EFOR

12 Insiders

EFOR

Total Value

$1.80M

Sector

—

First Buy

Apr 27, 2026

Last Buy

Apr 27, 2026

SPG

10 Insiders

Simon Property Group, Inc.

Total Value

$413.0K

Sector

Real Estate

First Buy

Apr 1, 2026

Last Buy

Apr 1, 2026

PCSA

9 Insiders

Processa Pharmaceuticals, Inc.

Total Value

$73.1K

Sector

Healthcare

First Buy

Apr 1, 2026

Last Buy

Apr 17, 2026

BEAT

8 Insiders

HeartBeam, Inc.

Total Value

$951.0K

Sector

Healthcare

First Buy

Apr 16, 2026

Last Buy

Apr 24, 2026

HTGC

7 Insiders

Hercules Capital, Inc.

Total Value

$618.9K

Sector

Financial Services

First Buy

Mar 30, 2026

Last Buy

Mar 30, 2026

YORW

7 Insiders

The York Water Company

Total Value

$44.1K

Sector

Utilities

First Buy

Apr 16, 2026

Last Buy

Apr 17, 2026

BETR

6 Insiders

Better Home & Finance Holding Company

Total Value

$2.57M

Sector

Financial Services

First Buy

Apr 6, 2026

Last Buy

Apr 10, 2026

MPB

6 Insiders

Mid Penn Bancorp, Inc.

Total Value

$27.5K

Sector

Financial Services

First Buy

Apr 1, 2026

Last Buy

Apr 1, 2026

KLRA

5 Insiders

KLRA

Total Value

$326.75M

Sector

—

First Buy

Apr 20, 2026

Last Buy

Apr 22, 2026

AVEX

5 Insiders

AVEX

Total Value

$1.48M

Sector

—

First Buy

Apr 21, 2026

Last Buy

Apr 21, 2026

HMH

5 Insiders

HMH

Total Value

$1.48M

Sector

—

First Buy

Apr 6, 2026

Last Buy

Apr 6, 2026

BMI

5 Insiders

Badger Meter, Inc.

Total Value

$777.1K

Sector

Technology

First Buy

Apr 21, 2026

Last Buy

Apr 23, 2026

NKE

4 Insiders

NIKE, Inc.

Total Value

$2.73M

Sector

Consumer Cyclical

First Buy

Apr 8, 2026

Last Buy

Apr 14, 2026

HEPA

4 Insiders

HEPION PHARMS INC

Total Value

$400.0K

Sector

Technology

First Buy

Apr 27, 2026

Last Buy

Apr 27, 2026

VIRC

4 Insiders

Virco Mfg. Corporation

Total Value

$146.8K

Sector

Consumer Cyclical

First Buy

Apr 13, 2026

Last Buy

Apr 15, 2026

CHCO

4 Insiders

City Holding Company

Total Value

$57.9K

Sector

Financial Services

First Buy

Apr 20, 2026

Last Buy

Apr 20, 2026

AUBN

4 Insiders

Auburn National Bancorporation, Inc.

Total Value

$5.6K

Sector

Financial Services

First Buy

Apr 15, 2026

Last Buy

Apr 15, 2026

PRLD

3 Insiders

Prelude Therapeutics Incorporated

Total Value

$25.00M

Sector

Healthcare

First Buy

Apr 22, 2026

Last Buy

Apr 23, 2026

LW

3 Insiders

Lamb Weston Holdings, Inc.

Total Value

$16.37M

Sector

Consumer Defensive

First Buy

Apr 7, 2026

Last Buy

Apr 15, 2026

ZBIO

3 Insiders

Zenas BioPharma, Inc.

Total Value

$5.59M

Sector

Healthcare

First Buy

Mar 31, 2026

Last Buy

Apr 2, 2026

FGBI

3 Insiders

First Guaranty Bancshares, Inc.

Total Value

$1.57M

Sector

Financial Services

First Buy

Apr 2, 2026

Last Buy

Apr 2, 2026

PGC

3 Insiders

Peapack-Gladstone Financial Corporation

Total Value

$548.7K

Sector

Financial Services

First Buy

Apr 1, 2026

Last Buy

Apr 1, 2026

LENZ

3 Insiders

LENZ Therapeutics, Inc.

Total Value

$365.6K

Sector

Healthcare

First Buy

Mar 30, 2026

Last Buy

Mar 30, 2026

WSBC

3 Insiders

WesBanco, Inc.

Total Value

$236.5K

Sector

Financial Services

First Buy

Apr 24, 2026

Last Buy

Apr 28, 2026

POCI

3 Insiders

Precision Optics Corporation, Inc.

Total Value

$230.0K

Sector

Healthcare

First Buy

Apr 1, 2026

Last Buy

Apr 1, 2026

USAU

3 Insiders

U.S. Gold Corp.

Total Value

$158.3K

Sector

Basic Materials

First Buy

Apr 10, 2026

Last Buy

Apr 14, 2026

ALT

3 Insiders

Altimmune, Inc.

Total Value

$109.9K

Sector

Healthcare

First Buy

Apr 1, 2026

Last Buy

Apr 6, 2026

FTLF

3 Insiders

FitLife Brands, Inc.

Total Value

$61.7K

Sector

Consumer Defensive

First Buy

Apr 14, 2026

Last Buy

Apr 20, 2026

SBDS

3 Insiders

Solo Brands, Inc.

Total Value

$39.7K

Sector

Consumer Cyclical

First Buy

Mar 31, 2026

Last Buy

Apr 1, 2026

CGTX

3 Insiders

Cognition Therapeutics, Inc.

Total Value

$32.5K

Sector

Healthcare

First Buy

Apr 20, 2026

Last Buy

Apr 20, 2026

NRXS

3 Insiders

NeurAxis, Inc.

Total Value

$32.0K

Sector

Healthcare

First Buy

Apr 3, 2026

Last Buy

Apr 3, 2026

FNWD

3 Insiders

Finward Bancorp

Total Value

$3.4K

Sector

Financial Services

First Buy

Apr 1, 2026

Last Buy

Apr 1, 2026

ALMR

2 Insiders

ALMR

Total Value

$8.00M

Sector

—

First Buy

Apr 20, 2026

Last Buy

Apr 20, 2026

HTO

2 Insiders

H2O America

Total Value

$5.95M

Sector

Utilities

First Buy

Apr 13, 2026

Last Buy

Apr 22, 2026

ONMD

2 Insiders

OneMedNet Corporation

Total Value

$1.50M

Sector

Healthcare

First Buy

Apr 24, 2026

Last Buy

Apr 24, 2026

GAME

2 Insiders

GameSquare Holdings, Inc.

Total Value

$1.37M

Sector

Technology

First Buy

Apr 24, 2026

Last Buy

Apr 27, 2026

KYN

2 Insiders

Kayne Anderson Energy Infrastructure Fund, Inc.

Total Value

$747.0K

Sector

Technology

First Buy

Apr 8, 2026

Last Buy

Apr 27, 2026

TBN

2 Insiders

Tamboran Resources Corp

Total Value

$621.6K

Sector

Energy

First Buy

Apr 10, 2026

Last Buy

Apr 15, 2026

CAG

2 Insiders

Conagra Brands, Inc.

Total Value

$608.9K

Sector

Consumer Defensive

First Buy

Apr 15, 2026

Last Buy

Apr 15, 2026

KREF

2 Insiders

KKR Real Estate Finance Trust Inc.

Total Value

$603.5K

Sector

Real Estate

First Buy

Apr 27, 2026

Last Buy

Apr 27, 2026

GLOO

2 Insiders

Gloo Holdings, Inc.

Total Value

$514.5K

Sector

Technology

First Buy

Apr 17, 2026

Last Buy

Apr 20, 2026

LPCN

2 Insiders

Lipocine Inc.

Total Value

$434.6K

Sector

Healthcare

First Buy

Apr 2, 2026

Last Buy

Apr 7, 2026

VTS

2 Insiders

Vitesse Energy, Inc.

Total Value

$372.5K

Sector

Energy

First Buy

Apr 1, 2026

Last Buy

Apr 1, 2026

VSCO

2 Insiders

Victoria's Secret & Co.

Total Value

$351.6K

Sector

Consumer Cyclical

First Buy

Apr 6, 2026

Last Buy

Apr 6, 2026

CIA

2 Insiders

Citizens, Inc.

Total Value

$235.5K

Sector

Financial Services

First Buy

Mar 31, 2026

Last Buy

Apr 20, 2026

NBBK

2 Insiders

NB Bancorp, Inc. Common Stock

Total Value

$233.8K

Sector

Financial Services

First Buy

Apr 24, 2026

Last Buy

Apr 27, 2026

TISI

2 Insiders

Team, Inc.

Total Value

$209.2K

Sector

Industrials

First Buy

Apr 1, 2026

Last Buy

Apr 1, 2026

SWZ

2 Insiders

Total Return Securities Fund

Total Value

$205.9K

Sector

Technology

First Buy

Mar 31, 2026

Last Buy

Apr 27, 2026

AFCG

2 Insiders

Advanced Flower Capital Inc.

Total Value

$162.2K

Sector

Real Estate

First Buy

Mar 30, 2026

Last Buy

Apr 1, 2026

HERZ

2 Insiders

Herzfeld Credit Income Fund, Inc.

Total Value

$111.6K

Sector

Financial Services

First Buy

Mar 31, 2026

Last Buy

Apr 17, 2026