Have you ever seen an inside buying cluster like this?
$8.2 million of insider buying on a $1.86 billion market cap infrastructure company in the last week.
Here's the story:
- IPO'd late 2025 at $21
- From Feb–mid May 2026 the stock goes haywire, fueled by the acquisition of A.L. Grading Contractors (ALGC), which expanded Cardinal into Georgia and added a higher-margin site-development business (God, I love pavement).
- FY results in March: 45% revenue growth, $682m revenue (up 33%)
- May results: 105% YOY revenue growth, 64% organic.
- Obviously, the market goes nutsburger. In June, it hits a $96 high (thanks AI infrastructure and vertical integration!)
So just to recap to you low-low-attention-span-highly-regarded-members-of-the-online-community, CDNL is no longer a "freshly IPO'd regional contractor". Now it is a "big dog, high growth, rooting-tooting, infrastructure rollup beast."
Yes, I think that is the technical phrasing.
BUT!
- June, 24: 4 million shares are sold at $73 a pop. You gotta raise money to make money, ya feel me?
- Q2 results, August 11: 114% YOY revenue growth! $866m backlog -- but EBITDA (Read: nonsense earnings for Patagonia-wearing douche-bros) drops from 18% to only 12%.
- Now forward EBITDA margin sits at roughly 16-18% (remember what I said about how you have to spend money to make money?)
So the market did it's thing and the stock sunk to a measly $34.50.
Then August 14, six insiders (directors, CEO, CFO, COO) some in and scoop up some $8 million in shares while they're lying on the floor, sad and abandoned by the market-at-large.
Today we're at about $41.
Conclusion: Climate change resilience play + infrastructure+ data centers + massive insider buying + growth stock
Disclaimer: NFA. I hold 3 shares. Yes I know that's pathetic but I'm too broke to buy more and fuck you it's my retirement fund.