ARDX ARDELYX, INC.
NEUTRAL
Impact: 2/10
Insider Cluster (7 insiders)
Insider cluster: 7 insiders, $0.2M total
Latest settled — T+5d ⚠ clustered
ARDX ▼ -11.68% at T+5d
NEUTRAL call ✗ call lost -11.68% · α vs SPY -12.89% · entry $6.25 → $5.52
Last close $5.69 (close Jun 12) · -8.96% from $6.25 entry
T+1d
-1.28%
call -1.28% · α -1.29%
$6.17
settled 20d ago
T+5d
-11.68%
call -11.68% · α -12.89%
$5.52
settled 14d ago
T+20d
—
call — · α —
—
in 8d
T+60d
—
call — · α —
—
in 2mo
Price Chart
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Executive Summary
Seven ARDX insiders, including CEO and CFO, sold a combined $176K in shares on May 21, 2026, all at the same price of $6.27. This represents just 0.011% of the company's $1.6B market cap, making it a routine, likely pre-planned selling event with no material bearish signal.
Key Financial Metrics
Direction
selling
Total Value
$176.0K
Insiders
7
Actionable Insight
Monitor for any upcoming catalyst (earnings, trial results) that could have prompted coordinated selling, but the scale and structure suggest routine diversification. No immediate trading action warranted.
Key Facts
- Total insider sales: $176K (0.011% of market cap)
- All seven executives sold on the same day at identical price ($6.2675)
- Includes CEO (Michael Raab) selling $94K, CFO (Susan Hohenleitner) selling $9K
- No open-market purchases in the cluster
- Consistent with pre-arranged 10b5-1 plans or periodic share liquidation
Financial Impact
$176K total sales vs $1.6B market cap
insider holdings
Risk Factors
- Selling by multiple C-suite executives could signal management caution, though dollar amount is negligible
- If followed by material adverse news, the cluster may be viewed as opportunistic selling
Market Snapshot
Exchange
Nasdaq
Sector
Pharmaceutical Preparations
Analyst Consensus
94% bullish (17 analysts)
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-ARDX-1779481120289 |
6 reports for ARDX
Filters
Rows
| Type | Now | ||||
|---|---|---|---|---|---|
|
May 22, 2026
23d ago
|
Insider Cluster
| $6.25 $5.52 | ▼ −11.68% | ▼ −12.89% | $5.69 (−8.96%) |
|
May 22, 2026
23d ago
|
Insider Cluster
| $6.25 $5.73 | ▼ −8.32% | ▼ −9.40% | $5.69 (−8.96%) |
|
May 19, 2026
26d ago
|
144
| $6.27 $6.25 | ▼ −0.32% | ▼ −2.12% | $5.69 (−9.25%) |
|
Apr 27, 2026
6w ago
|
Press Release
| $5.99 $7.30 | ▲ +21.87% | ▲ +21.47% | $5.69 (−5.01%) |
|
Apr 16, 2026
8w ago
|
Press Release
| $6.28 $5.96 | ▼ −5.10% | ▼ −6.08% | $5.69 (−9.39%) |
|
Mar 9, 2026
13w ago
|
Press Release
| $6.12 $5.83 | ▼ −4.74% | ▼ −3.83% | $5.69 (−7.03%) |
Showing 6 of 6
US Market Status
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