Carey A. Smith, President & CEO at PARSONS CORP (PSN), bought 12,500 shares at $49.94 ($625K) on 2026-05-08, disclosed to the SEC on 2026-05-11.
Parsons Corp President & CEO Carey A. Smith purchased 12,000 shares for $599,280, marking the largest purchase of his career. This significant insider buying comes as the stock trades near its 52-week low, potentially signaling confidence in the company's defense and infrastructure prospects.
The stock has suffered a severe correction, dropping 30.57% over the last 90 days to trade at $48.75, which is just 1.08% above its 52-week low of $48.23.
Parsons secured a $136 million, 8.5-year Air Force engineering contract on May 16, and announced a strategic partnership with Everywhere Communications on May 12 to advance autonomous drone capabilities. Additionally, insider Mark Holdsworth purchased 33% more shares on May 15, adding to the buying momentum.
The stock faces elevated short-term risk with a short interest of 12.37% of the float, and Artisan Mid Cap Fund divested shares on May 11 citing uncertainty regarding contract wins.
Something here stands out, but not much.
| # | Price | Shares | Value | % of Total |
|---|---|---|---|---|
| 1 | $49.94 | 12,000 | $599K | 95.9% |
| 2 | $50.73 | 500 | $25K | 4.1% |
| Total | $49.97 avg | 12,500 | $625K | 100% |
| Filing → |
| NNBR | BUY | 2018-12-27 | $29K | — | Filing → |