Amit Ashvin Mehta, SVP, Strategy & Business Operations at RESIDEO TECHNOLOGIES, INC. (REZI), bought 10,928 shares at $20.68 ($226K) on 2026-08-17, disclosed to the SEC on 2026-08-18.
SVP Amit Ashvin Mehta purchased 10,928 shares for $226k at $20.68, a move that coincides with the stock's lowest price in over a year and a rare reversal by a C-suite executive. This timing suggests the executive views the recent sell-off as an opportunity to accumulate shares in a company that recently beat earnings estimates.
REZI is trading at $20.66, just 2.71% above its 52-week low of $20.11, following a brutal 42.34% decline over the last 30 days and a 14.82% drop in the past five days.
1) Q2 2026 earnings on August 12, 2026, where the company beat revenue and EPS estimates (+22.06% earnings surprise). 2) The spin-off of ADI Global Distribution business completed on August 3, 2026, which is driving current valuation resets. 3) The company's next quarter revenue guidance of $717.5 million, which came in 63.4% below analyst estimates.
1) The stock is down 54.39% from its 52-week high, indicating significant downside risk if the ADI spin-off and lower guidance continue to weigh on sentiment. 2) Analysts have cut the fair value estimate from $49.33 to $39.25 following the spin-off and guidance revision.
Clearly above the average filing.