Joseph R. Nerges, who holds a ten percent ownership stake in CSP Inc (NASDAQ:CSPI), reported purchases of the company’s common stock totaling $101,525, according to filings with the Securities and Exchange Commission. The Form 4 filing shows the acquisitions took place over a three-day span from February 17 to February 19, 2026.
Across those transactions Nerges picked up 10,812 shares at prices ranging from $9.12 to $9.32 each. Following the purchases, his direct ownership in CSP Inc stands at 1,406,075 shares.
The insider activity coincides with the company’s recently disclosed first-quarter fiscal 2026 results. CSP Inc reported a decline in total revenue for the quarter, while service revenue increased. Product revenue fell over the same period.
Management commentary embedded in the financial release highlights an emphasis on expanding managed services and cloud solutions, and the company has pursued strategic partnerships that align with that shift. Those developments suggest a reorientation of the business mix toward service offerings even as product sales contracted.
Analysts have not issued any recent upgrades or downgrades for CSP Inc, and the stock was quoted at $10.04 per share with no premarket movement at the time of the report. The static premarket price, combined with mixed operating results and the insider purchases, presents a set of data points market participants can weigh.
Investors tracking insider transactions and company-level shifts in revenue mix may view the purchases and the quarter’s results together when assessing CSP Inc’s near-term prospects. For stakeholders focused on corporate strategy, the increase in service revenue and the company’s partnerships are notable elements of the quarter’s narrative.
Summary
Joseph R. Nerges purchased 10,812 shares of CSP Inc between Feb. 17 and Feb. 19, 2026, spending $101,525 at prices from $9.12 to $9.32. Post-transaction ownership is 1,406,075 shares. CSP Inc reported lower total revenue for Q1 fiscal 2026, higher service revenue, and lower product revenue, and its stock showed no premarket movement at $10.04 per share.
Key points
- Nerges increased his direct holding by 10,812 shares for $101,525 - a signal of continued insider accumulation in the technology/security company.
- CSP Inc’s revenue mix is shifting toward services and cloud solutions as service revenue rose while product revenue declined - relevant to technology and cloud services sectors.
- No analyst upgrades or downgrades were reported and the stock showed no premarket movement, reflecting limited immediate market reaction.
Risks and uncertainties
- Total revenue declined in the quarter, which could weigh on near-term financial performance - impacting investors and technology equity markets.
- Product revenue decreased even as service revenue grew, creating uncertainty about the company’s ability to fully offset product weakness with services.
- The absence of recent analyst revisions leaves a gap in external coverage and consensus guidance for the company’s outlook.