CLOVER HEALTH INVESTMENTS, CORP. /DE
CLOV · Hospital & Medical Service Plans · 482.2M shares · +53%/yr ↑ shares · EDGAR filings ↗
Reference price $4.78 · est. market cap ~$2.3B — last insider sale, 2026-06-17 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D54Clover Health — Medicare-Advantage insurtech narrowing losses, well-funded.
Strengths
- Revenue +40% (83rd pct); net loss improving sharply (82nd); long runway
- Counterpart (software/Clover Assistant) optionality
Risks
- Still net-loss-making; negative ROA (11th); low cash percentile (10th)
- MA-utilization, star-ratings and rate risk
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Net lossNet loss (net margin -4.4%)
- Cash burnNegative free cash flow (-69.0M)
- Chronic dilutionShare count +53%/yr over 4y (dilution)
- Strong balance sheetStrong balance sheet — $289M cash & investments, ~17 quarters of runway
- Insider sellingInsider selling — 12 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$2M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
-4.4%
Net margin
-4.4%
Return on assets
-15.8%
Revenue growth (QoQ)
53.6%
Current ratio
1.5×
Free cash flow
-$69M
EBITDA
-$87M
Cash & investments
$289M
Cash runway
17q
Stock comp / revenue
5.4%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-17 | Reynoso Jamie L. | Sell | 2.4K | $4.78 |
| 2026-06-16 | OLDAKOWSKI JOSEPH FRANK | Sell | 12K | $4.86 |
| 2026-06-15 | Soares Karen | Sell | 4.7K | $4.61 |
| 2026-06-15 | Reynoso Jamie L. | Sell | 6.3K | $4.61 |
| 2026-06-11 | Reynoso Jamie L. | Sell | 7.3K | $4.91 |
| 2026-05-28 | Wai Conrad | Sell | 220K | $3.99 |
| 2026-05-18 | Edwards Carladenise Armbrister | Sell | 67K | $3.42 |
| 2026-05-16 | THORNTON JOSEPH CLAY | Tax withheld | 17K | $3.47 |
| 2026-05-13 | Priest Brady Patrick | Sell | 98K | $3.52 |
| 2026-05-08 | Toy Andrew | Tax withheld | 86K | $2.82 |
| 2026-04-18 | Priest Brady Patrick | Tax withheld | 36K | $2.19 |
| 2026-04-15 | THORNTON JOSEPH CLAY | Tax withheld | 4.2K | $2.04 |
| 2026-04-15 | Soares Karen | Tax withheld | 10K | $2.04 |
| 2026-04-15 | Wai Conrad | Tax withheld | 23K | $2.04 |
| 2026-04-15 | Priest Brady Patrick | Tax withheld | 15K | $2.04 |
| 2026-04-15 | Reynoso Jamie L. | Tax withheld | 13K | $2.04 |
| 2026-04-15 | Toy Andrew | Tax withheld | 61K | $2.04 |
| 2026-04-03 | Reynoso Jamie L. | Tax withheld | 6.2K | $1.72 |
| 2026-04-01 | Soares Karen | Grant | 383K | — |
| 2026-04-01 | Wai Conrad | Grant | 268K | — |
| 2026-04-01 | Priest Brady Patrick | Grant | 191K | — |
| 2026-04-01 | Reynoso Jamie L. | Grant | 159K | — |
| 2026-04-01 | Toy Andrew | Grant | 956K | — |
| 2026-04-01 | Toy Andrew | Tax withheld | 310K | $1.76 |
| 2026-03-18 | Reynoso Jamie L. | Sell | 5.8K | $1.91 |
| 2026-03-15 | Soares Karen | Tax withheld | 4.5K | $1.98 |
| 2026-03-15 | Reynoso Jamie L. | Tax withheld | 6.2K | $1.98 |
| 2026-03-14 | Reynoso Jamie L. | Tax withheld | 8.9K | $1.98 |
| 2026-03-14 | Wai Conrad | Tax withheld | 100K | $1.98 |
| 2026-03-04 | Priest Brady Patrick | Sell | 175K | $2.17 |
| 2026-02-14 | Soares Karen | Tax withheld | 6.1K | $2.02 |
| 2026-02-08 | Toy Andrew | Tax withheld | 86K | $2.13 |
| 2026-01-29 | Kuipers Peter J. | Tax withheld | 157K | $2.31 |
| 2026-01-20 | Reynoso Jamie L. | Sell | 4.6K | $2.58 |
| 2026-01-18 | Priest Brady Patrick | Tax withheld | 37K | $2.54 |
| 2026-01-15 | Reynoso Jamie L. | Tax withheld | 15K | $2.81 |
| 2026-01-15 | Toy Andrew | Tax withheld | 61K | $2.81 |
| 2026-01-15 | Priest Brady Patrick | Tax withheld | 18K | $2.81 |
| 2026-01-15 | Soares Karen | Tax withheld | 12K | $2.81 |
| 2026-01-15 | Wai Conrad | Tax withheld | 26K | $2.81 |
| 2026-01-07 | Garipalli Vivek | Option exercise | 1.7M | — |
| 2026-01-07 | Garipalli Vivek | Tax withheld | 1.7M | $2.59 |
| 2026-01-07 | Reynoso Jamie L. | Sell | 2.1K | $2.53 |
| 2026-01-06 | Kouzoukas Demetrios L. | Grant | 79K | — |
| 2026-01-06 | Edwards Carladenise Armbrister | Grant | 79K | — |
| 2026-01-06 | Loengard Anna U | Grant | 79K | — |
| 2026-01-06 | Robinson William G Jr | Grant | 79K | — |
| 2026-01-06 | Tran Thomas L | Grant | 79K | — |
| 2026-01-03 | Reynoso Jamie L. | Tax withheld | 8.1K | $2.41 |
| 2026-01-01 | Toy Andrew | Tax withheld | 268K | $2.35 |
| 2025-12-18 | Reynoso Jamie L. | Sell | 4.9K | $2.61 |
| 2025-12-15 | Reynoso Jamie L. | Tax withheld | 8.7K | $2.70 |
| 2025-12-15 | Soares Karen | Tax withheld | 6.4K | $2.70 |
| 2025-12-14 | Reynoso Jamie L. | Tax withheld | 13K | $2.70 |
| 2025-12-14 | Wai Conrad | Tax withheld | 98K | $2.70 |
| 2025-11-14 | Soares Karen | Tax withheld | 7.5K | $2.47 |
| 2025-11-08 | Toy Andrew | Tax withheld | 86K | $2.67 |
| 2025-11-04 | Reynoso Jamie L. | Sell | 30K | $3.58 |
| 2025-10-31 | Soares Karen | Tax withheld | 132K | $3.53 |
| 2025-10-31 | Soares Karen | Tax withheld | 38K | $3.53 |
| 2025-10-31 | Wai Conrad | Tax withheld | 96K | $3.53 |
| 2025-10-31 | Wai Conrad | Tax withheld | 28K | $3.53 |
| 2025-10-31 | Priest Brady Patrick | Tax withheld | 87K | $3.53 |
| 2025-10-31 | Priest Brady Patrick | Tax withheld | 25K | $3.53 |
| 2025-10-31 | Reynoso Jamie L. | Tax withheld | 102K | $3.53 |
| 2025-10-31 | Reynoso Jamie L. | Tax withheld | 30K | $3.53 |
| 2025-10-29 | Kuipers Peter J. | Tax withheld | 217K | $3.64 |
| 2025-10-18 | Priest Brady Patrick | Tax withheld | 48K | $2.71 |
| 2025-10-17 | Reynoso Jamie L. | Sell | 17K | $2.69 |
| 2025-10-15 | Soares Karen | Tax withheld | 57K | $2.80 |
| 2025-10-15 | Wai Conrad | Tax withheld | 92K | $2.80 |
| 2025-10-15 | Priest Brady Patrick | Tax withheld | 83K | $2.80 |
| 2025-10-15 | Reynoso Jamie L. | Tax withheld | 71K | $2.80 |
| 2025-10-15 | Toy Andrew | Tax withheld | 243K | $2.80 |
| 2025-10-07 | Reynoso Jamie L. | Sell | 2.0K | $2.65 |
| 2025-10-03 | Reynoso Jamie L. | Tax withheld | 8.7K | $2.59 |
| 2025-10-01 | Toy Andrew | Tax withheld | 309K | $2.62 |
| 2025-09-17 | Reynoso Jamie L. | Sell | 4.9K | $3.09 |
| 2025-09-15 | Soares Karen | Tax withheld | 6.4K | $3.14 |
| 2025-09-15 | Reynoso Jamie L. | Tax withheld | 8.7K | $3.14 |
| 2025-09-14 | Reynoso Jamie L. | Tax withheld | 13K | $3.06 |
| 2025-09-14 | Wai Conrad | Tax withheld | 98K | $3.06 |
| 2025-08-14 | Soares Karen | Tax withheld | 7.5K | $2.57 |
| 2025-08-13 | Loengard Anna U | Buy | 12K | $2.60 |
| 2025-08-13 | Loengard Anna U | Buy | 14K | $2.59 |
| 2025-08-08 | Garipalli Vivek | Buy | 32K | $2.17 |
| 2025-08-08 | Toy Andrew | Tax withheld | 86K | $2.18 |
| 2025-08-07 | Garipalli Vivek | Buy | 415K | $2.24 |
| 2025-08-04 | Reynoso Jamie L. | Sell | 6.8K | $2.89 |
| 2025-07-31 | Wai Conrad | Tax withheld | 28K | $2.89 |
| 2025-07-31 | Reynoso Jamie L. | Tax withheld | 30K | $2.89 |
| 2025-07-31 | Soares Karen | Tax withheld | 38K | $2.89 |
| 2025-07-31 | Priest Brady Patrick | Tax withheld | 25K | $2.89 |
| 2025-07-29 | Kuipers Peter J. | Tax withheld | 217K | $2.89 |
| 2025-07-23 | Wai Conrad | Sell | 91K | $3.32 |
| 2025-07-22 | Wai Conrad | Sell | 119K | $3.29 |
| 2025-07-18 | Priest Brady Patrick | Tax withheld | 48K | $2.94 |
| 2025-07-08 | Wai Conrad | Sell | 15K | $3.26 |
| 2025-07-07 | Reynoso Jamie L. | Sell | 2.0K | $2.85 |
| 2025-07-03 | Reynoso Jamie L. | Sell | 20K | $2.58 |
| 2025-07-03 | Reynoso Jamie L. | Tax withheld | 8.7K | $2.56 |
| 2025-07-01 | Toy Andrew | Tax withheld | 309K | $2.75 |
| 2025-06-30 | Reynoso Jamie L. | Tax withheld | 86K | $2.79 |
| 2025-06-30 | Reynoso Jamie L. | Grant | 218K | — |
| 2025-06-30 | Reynoso Jamie L. | Tax withheld | 86K | $2.79 |
| 2025-06-17 | Reynoso Jamie L. | Sell | 20K | $2.86 |
| 2025-06-15 | Reynoso Jamie L. | Tax withheld | 8.7K | $2.89 |
| 2025-06-15 | Soares Karen | Tax withheld | 6.4K | $2.89 |
| 2025-06-14 | Reynoso Jamie L. | Tax withheld | 13K | $2.89 |
| 2025-06-14 | Wai Conrad | Tax withheld | 98K | $2.89 |
| 2025-05-19 | Kuipers Peter J. | Grant | 327K | — |
| 2025-05-14 | Soares Karen | Tax withheld | 5.3K | $3.31 |
| 2025-05-08 | Toy Andrew | Tax withheld | 86K | $3.75 |
| 2025-04-30 | Soares Karen | Tax withheld | 27K | $3.40 |
| 2025-04-30 | Wai Conrad | Tax withheld | 27K | $3.40 |
| 2025-04-30 | Reynoso Jamie L. | Tax withheld | 26K | $3.40 |
| 2025-04-30 | Priest Brady Patrick | Tax withheld | 25K | $3.40 |
| 2025-04-29 | Kuipers Peter J. | Tax withheld | 826K | $3.45 |
| 2025-04-18 | Priest Brady Patrick | Tax withheld | 38K | $3.60 |
| 2025-04-03 | Reynoso Jamie L. | Tax withheld | 6.4K | $3.51 |
| 2025-04-01 | Toy Andrew | Tax withheld | 309K | $3.59 |
| 2025-03-15 | Soares Karen | Tax withheld | 4.6K | $3.66 |
| 2025-03-15 | Reynoso Jamie L. | Tax withheld | 6.4K | $3.66 |
| 2025-03-14 | Reynoso Jamie L. | Tax withheld | 9.2K | $3.66 |
| 2025-03-14 | Wai Conrad | Tax withheld | 81K | $3.66 |
| 2025-03-07 | Edwards Carladenise Armbrister | Sell | 200K | $3.61 |
| 2025-03-06 | Priest Brady Patrick | Sell | 75K | $3.68 |
| 2025-03-06 | Soares Karen | Sell | 52K | $3.80 |
| 2025-02-14 | Soares Karen | Tax withheld | 5.3K | $4.46 |
| 2025-02-08 | Toy Andrew | Tax withheld | 86K | $4.32 |
| 2025-01-31 | Soares Karen | Tax withheld | 29K | $4.39 |
| 2025-01-31 | Reynoso Jamie L. | Tax withheld | 22K | $4.39 |
| 2025-01-31 | Priest Brady Patrick | Tax withheld | 19K | $4.39 |
| 2025-01-31 | Wai Conrad | Tax withheld | 24K | $4.39 |
| 2025-01-18 | Priest Brady Patrick | Tax withheld | 39K | $4.08 |
| 2025-01-07 | Garipalli Vivek | Option exercise | 1.7M | — |
| 2025-01-07 | Garipalli Vivek | Tax withheld | 1.7M | $3.60 |
| 2025-01-07 | Soares Karen | Tax withheld | 4.3K | $3.60 |
| 2025-01-07 | Reynoso Jamie L. | Tax withheld | 17K | $3.60 |
| 2025-01-06 | Edwards Carladenise Armbrister | Grant | 61K | — |
| 2025-01-06 | Robinson William G Jr | Grant | 61K | — |
| 2025-01-06 | Tran Thomas L | Grant | 61K | — |
| 2025-01-06 | Loengard Anna U | Grant | 61K | — |
| 2025-01-06 | SHAPIRO LEE | Grant | 61K | — |
| 2025-01-06 | Clinton Chelsea | Grant | 61K | — |
| 2025-01-06 | Kouzoukas Demetrios L. | Grant | 61K | — |
| 2025-01-03 | Reynoso Jamie L. | Tax withheld | 8.1K | $3.29 |
| 2025-01-01 | Toy Andrew | Tax withheld | 279K | $3.15 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-17 | 0001801170-26-000166 ↗ |
| 8-K | 2026-06-16 | 2026-06-15 | 0001801170-26-000153 ↗ |
| 8-K | 2026-06-12 | 2026-06-10 | 0001801170-26-000148 ↗ |
| 8-K | 2026-06-10 | 2026-06-09 | 0001801170-26-000137 ↗ |
| 8-K | 2026-05-18 | 2026-05-18 | 0001801170-26-000128 ↗ |
| 10-Q | 2026-05-08 | 2026-03-31 | 0001801170-26-000122 ↗ |
| 8-K | 2026-05-06 | 2026-05-06 | 0001801170-26-000114 ↗ |
| 8-K | 2026-04-01 | 2026-03-30 | 0001801170-26-000080 ↗ |
| 8-K | 2026-03-06 | 2026-03-06 | 0001801170-26-000069 ↗ |
| 8-K/A | 2026-03-06 | 2026-03-06 | 0001801170-26-000071 ↗ |
| 10-K | 2026-02-27 | 2025-12-31 | 0001801170-26-000057 ↗ |
| 8-K | 2026-02-26 | 2026-02-26 | 0001801170-26-000050 ↗ |