ESTA CLUSTER SEC Filing Analysis

Latest settled — T+20d ⚠ clustered

ESTA ▼ -2.86% at T+20d

SHORT call ✓ call won +2.86% · α vs SPY +5.64% · entry $74.54 → $72.41

Next anchor: T+60d in 7w

Currently $79.82 · -7.08% from $74.54 entry (call sign-flipped)

Entry anchored
May 5, 03:59 PM ET
via Databento tick

T+1d

-3.37%

call +3.37% · α +3.04%

$72.03

settled 5w ago

T+5d

-7.19%

call +7.19% · α +8.32%

$69.18

settled 29d ago

T+20d

-2.86%

call +2.86% · α +5.64%

$72.41

settled 7d ago

T+60d

—

call — · α —

—

in 7w

Price Chart

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Executive Summary

Two insiders, including a director and a 10% owner, sold a total of $11.56M in shares over two days following a strong Q1 earnings beat and a material agreement. The selling represents 0.55% of market cap, a significant amount that may signal insider caution despite positive fundamentals.

Key Financial Metrics

Direction

selling

Total Value

$11.6M

Insiders

2

Actionable Insight

Monitor for further insider selling and watch if the strong earnings momentum can absorb the selling pressure. The cluster may indicate that insiders are taking profits after the recent rally and guidance raise.

Key Facts

Director Juan Jose Chacon Quiros sold 100,857 shares for ~$7.56M on May 4 and May 6.
10% owner JW Asset Management sold 60,000 shares for ~$4.54M on May 6.
Total insider sales of $11.56M represent 0.55% of ESTA's $2.1B market cap.
Sales occurred just after ESTA reported Q1 revenue of $59.9M (+44.7% YoY) and raised FY2026 guidance.
A material agreement (debt agreement) was filed on April 30, 8 days before the cluster.

Financial Impact

Insider selling of $11.56M (0.55% of market cap) creates potential overhang.

stock price

Risk Factors

Additional insider selling could depress the stock.
The material agreement may carry terms that dilute equity or increase leverage.
Overhang from 10% owner selling may signal reduced conviction.

Market Snapshot

Exchange

Nasdaq

Sector

Orthopedic, Prosthetic & Surgical Appliances & Supplies

Analyst Consensus

87% bullish (15 analysts)

Documents Analyzed

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

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-ESTA-1778271021449

4 reports for ESTA

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for ESTA — sortable, filterable
	Type				Now
May 6, 2026 4w ago	8-K BULLISH ★ 8/10	$74.54 $72.41	▼ −2.86%	▼ −5.64%	$79.82 (+7.08%)
May 6, 2026 5w ago	Insider Cluster BEARISH ★ 6/10	$74.54 $72.41	▲ +2.86%	▲ +5.64%	$79.82 (−7.08%)
Apr 24, 2026 6w ago	DEFA14A NEUTRAL ★ 2/10	$65.47 $72.64	▲ +10.95%	▲ +6.00%	$79.82 (+21.92%)
Apr 10, 2026 8w ago	DEFA14A NEUTRAL ★ 3/10	$62.92 $71.50	▲ +13.64%	▲ +5.91%	$79.82 (+26.86%)

US Market Status

Market Closed — Opens Thu (10h 4m)

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