C. David Cush, Director at Science Applications International Corp (SAIC), bought 1,000 shares at $132.50 ($133K) on 2026-09-22, disclosed to the SEC on 2026-09-22.
Director C. David Cush purchased 1,000 shares of SAIC for $132,500, marking the largest insider purchase in the company's history, which may signal confidence in the defense IT sector's resilience. The trade occurred as the stock trades near its 52-week low, suggesting a potential value entry point.
SAIC is currently trading at $133.27, down 0.38% over the last 5 days but up 4.11% over the last 30 days. The stock is 5.61% below its 52-week high of $141.18 and has gained 22.92% over the last 90 days.
1) Q2 Fiscal 2027 earnings on September 1, 2026, where revenue beat estimates and non-GAAP profit exceeded consensus by 30.4%. 2) Project ORBIT cost program targeting $150 million in annual run-rate savings announced on September 1, 2026. 3) Defense IT sector outperformance, with the industry up 19.8% over the past six months.
1) The company reported lower quarterly net income of $102 million in Q2 Fiscal 2027 despite revenue growth. 2) The book-to-bill ratio dropped to 0.6 in Q2, indicating potential demand softness.
Something here stands out, but not much.