Ivy Zelman, Director at Cardinal Infrastructure Group Inc. (CDNL), bought 12,647 shares at $39.61 ($501K) on 2026-08-14, disclosed to the SEC on 2026-08-17.
Director Ivy Zelman purchased $501k of CDNL at $39.61, marking the largest insider purchase in the company's history, signaling confidence in the stock despite recent volatility. This high-profile buy comes as the stock has surged nearly 88% over the last 90 days.
CDNL is trading at $92.00, just 1.82% below its 52-week high of $93.71, reflecting a massive 87.79% gain over the last 90 days.
1) Q2 2026 earnings on August 11, 2026, where revenue surged 114% to $227 million and full-year guidance was raised; 2) The company's acquisition of Allied Paving Contractors, announced in the Q2 earnings update on August 11, 2026; 3) The stock is currently a Zacks Rank #1 (Strong Buy) momentum pick as of July 6, 2026.
1) The stock is trading at a premium with a P/E of 44.08, and recent news suggests investors are dumping shares despite a sales beat, indicating potential profit-taking risk; 2) The company's adjusted EBITDA margin declined to 12.4% in Q2 due to transitional costs and weather disruptions.
Clearly above the average filing.
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