HQY CLUSTER SEC Filing Analysis

Latest settled — T+5d

HQY ▲ +5.29% at T+5d

NEUTRAL call ✓ call won +5.29% · α vs SPY +9.11% · entry $85.21 → $89.72

Next anchor: T+20d in 14d

Currently $85.66 · +0.53% from $85.21 entry

Entry anchored
Jun 2, 2026
via day open

T+1d

+0.96%

call +0.96% · α +0.56%

$86.03

settled 14d ago

T+5d

+5.29%

call +5.29% · α +9.11%

$89.72

settled 8d ago

T+20d

—

call — · α —

—

in 14d

T+60d

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call — · α —

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in 2mo

Price Chart

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Executive Summary

Three HQY insiders (EVP General Counsel, EVP Chief Commercial Officer, and a Director) sold a total of ~$1.19M in open-market sales within 7 days of the company's strong Q1 FY27 earnings release (May 28, 2026). The earnings beat on revenue and EPS, raised guidance, and a $1B buyback authorization are clearly positive, but the insider selling cluster — particularly the EVP General Counsel's $675K sale — introduces a cautionary signal that partially offsets the bullish earnings read.

Key Financial Metrics

Direction

selling

Total Value

$1.2M

Insiders

3

Actionable Insight

The strong earnings beat and raised guidance are the dominant signal, but the cluster of insider sales (especially the EVP General Counsel's $675K sale) on the same day as the earnings release warrants monitoring. The sales are small relative to market cap but involve senior executives. Watch for any follow-on insider sales in the next 30 days; if they continue, it would reduce confidence in the earnings narrative. The $1B buyback authorization provides a floor.

Key Facts

Three insiders sold a total of ~$1.19M in open-market sales (May 28-29, 2026)
EVP General Counsel Ladd Delano sold 7,500 shares for $675K on May 28
EVP Chief Commercial Officer Fiore sold 3,142 shares for $298K on May 29
Director Wellborn sold 2,439 shares for $220K on May 28 (also exercised options)
Q1 FY27 revenue $354.6M (+7% YoY), net income $69.4M (+29% YoY), EPS $0.82 (+34% YoY)
Adjusted EBITDA margin expanded to 46% from 42% YoY
FY27 guidance raised: revenue $1.41-1.42B, Adj. EBITDA $625-633M
Board authorized additional $1.0B share repurchase program
Company repurchased 1.5M shares for $123M in Q1

Financial Impact

Insider sales total ~$1.19M, representing ~0.016% of $7.6B market cap — trivial in size but notable for timing and seniority

insider sellingshare repurchaseearnings growth

Risk Factors

Insider sales may indicate executives see limited near-term upside despite strong results
Revenue growth of 7% is modest; acceleration needed to sustain premium valuation
FY27 guidance implies ~7% revenue growth at midpoint — deceleration from prior year's pace

Market Snapshot

Exchange

Nasdaq

Sector

Services-Business Services, NEC

Analyst Consensus

90% bullish (20 analysts)

Documents Analyzed

This report is based on 1 SEC document filed with EDGAR.

Document	Accession Number
CLUSTER Data (Synthetic)	cluster-HQY-1780434245557

5 reports for HQY

T+1T+5T+20T+60

Track record builds as more directional reports settle.

Filters

Reports for HQY — sortable, filterable
	Type				Now
Jun 2, 2026 14d ago	Insider Cluster MIXED ★ 5/10	$85.21 $89.72	▲ +5.29%	▲ +9.11%	$85.66 (+0.53%)
May 28, 2026 19d ago	8-K BULLISH ★ 7/10	$87.99 $88.67	▲ +0.77%	▲ +3.27%	$85.66 (−2.65%)
May 28, 2026 19d ago	Press Release MIXED ★ 6/10	$87.99 $85.21	▼ −3.16%	▼ −2.87%	$85.66 (−2.65%)
May 8, 2026 5w ago	8-K NEUTRAL ★ 2/10	$81.65 $83.04	▲ +1.70%	▲ +1.79%	$85.66 (+4.91%)
Mar 17, 2026 13w ago	Press Release BULLISH ★ 8/10	$79.57 $82.47	▲ +3.64%	▲ +4.36%	$85.66 (+7.65%)

US Market Status

Market Closed — Opens in 5h 38m

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