CLFDNasdaqTelephone & Telegraph ApparatusFiscal year ends September 30
Clearfield, Inc.
Financials through Q3 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$30.60+1.13 (+3.83%)
Close on Oct 19, 2026
- Market cap
- $415.92M
- P/E (TTM)
- –
- Dividend yield
- –
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
64.4%
9M of 14M shares
Institutional holders
126
21 new, 18 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
1 buys · 8 sales
Net sold $853.76K
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Mairs and Power, Inc. | 852,255 | 6.03% | 13G (passive) | Mar 31, 2025 |
| ACK Asset Management LLC | 710,200 | 5.10% | 13G (passive) | Feb 20, 2026 |
| Ronald G. Roth | 1,456,024 | 10.50% | 13G (passive) amendment | Dec 31, 2025 |
| Roth Ronald G | 1,443,556 | 10.20% | 13G (passive) amendment | Dec 31, 2024 |
| BlackRock, Inc. | 1,051,002 | 6.90% | 13G (passive) amendment | Dec 31, 2023 |
| AIGH Capital Management LLC | 1,008,469 | 7.40% | 13G (passive) | Jun 30, 2026 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of CLFD | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| AIGH Capital Management LLC | 1,008,469 | 7.42% | $40.13M | New | 2.53% |
| BlackRock, Inc. | 957,424 | 7.05% | $38.10M | +59,556 | 0.00% |
| ACK Asset Management LLC | 810,200 | 5.96% | $32.24M | +75,000 | 3.76% |
| Vanguard Capital Management LLC | 481,816 | 3.55% | $19.17M | −28,020 | 0.00% |
| Mairs & Power Inc | 385,257 | 2.84% | $15.33M | −346,476 | 0.14% |
| Vanguard Portfolio Management LLC | 371,245 | 2.73% | $14.77M | +15,492 | 0.00% |
| State Street Corp | 363,209 | 2.67% | $14.45M | +40,964 | 0.00% |
| Dimensional Fund Advisors LP | 357,104 | 2.63% | $14.21M | +3,618 | 0.00% |
| Geode Capital Management, LLC | 302,039 | 2.22% | $12.02M | +16,198 | 0.00% |
| Punch & Associates Investment Management, Inc. | 277,610 | 2.04% | $11.05M | −12,000 | 0.55% |
| Royal Bank of Canada | 262,147 | 1.93% | $10.43M | −20,203 | 0.00% |
| Royce & Associates LP | 256,990 | 1.89% | $10.23M | – | 0.08% |
| D. E. Shaw & Co., Inc. | 227,722 | 1.68% | $9.06M | +86,750 | 0.00% |
| Acadian Asset Management LLC | 173,069 | 1.27% | $6.88K | +11,134 | 0.01% |
| JPMorgan Chase & Co | 164,458 | 1.21% | $6.37M | −66,731 | 0.00% |
| Dana Investment Advisors, Inc. | 161,550 | 1.19% | $6.43M | −17,812 | 0.17% |
| Millennium Management LLC | 142,431 | 1.05% | $5.67M | +94,498 | 0.00% |
| Goldman Sachs Group Inc | 139,129 | 1.02% | $5.54M | +63,449 | 0.00% |
| Citadel Advisors LLC | 131,916 | 0.97% | $5.25M | −121,020 | 0.00% |
| Divisadero Street Capital Management, LP | 130,783 | 0.96% | $5.20M | New | 0.12% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | % of shares | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 126 | 9M | 64.4% | 21 / 33 | 47 / 18 | 2M | 1M |
| Q1 2026 | 126 | 8M | 60.5% | 19 / 39 | 44 / 14 | 2M | 1M |
| Q4 2025 | 125 | 9M | 62.8% | 18 / 35 | 45 / 21 | 0M | 1M |
| Q3 2025 | 129 | 9M | 66.1% | 20 / 46 | 39 / 18 | 2M | 1M |
| Q2 2025 | 127 | 9M | 63.2% | 21 / 41 | 45 / 20 | 1M | 1M |
| Q1 2025 | 128 | 8M | 61.7% | 16 / 38 | 40 / 30 | 1M | 1M |
| Q4 2024 | 143 | 9M | 62.8% | 34 / 34 | 44 / 24 | 1M | 1M |
| Q3 2024 | 134 | 9M | 66.3% | 21 / 40 | 42 / 17 | 2M | 1M |
| Q2 2024 | 131 | 9M | 68.2% | 23 / 39 | 41 / 29 | 1M | 2M |
| Q1 2024 | 138 | 10M | 71.6% | 27 / 46 | 43 / 25 | 2M | 2M |
| Q4 2023 | 138 | 10M | 75.8% | 36 / 43 | 39 / 33 | 3M | 3M |
| Q3 2023 | 136 | 10M | 73.5% | 21 / 46 | 37 / 34 | 1M | 1M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of CLFD | Value | % of fund | As of |
|---|---|---|---|---|---|
| Vanguard Total Stock Market Index Fund | 342,425 | 2.52% | $13.63M | 0.00% | Jun 30, 2026 |
| iShares Russell 2000 ETF | 297,792 | 2.19% | $11.85M | 0.01% | Jun 30, 2026 |
| Vanguard Information Technology Index Fund | 295,454 | 2.18% | $13.95M | 0.01% | May 31, 2026 |
| Mairs & Power Fund | 197,481 | 1.45% | $7.86M | 0.14% | Jun 30, 2026 |
| Mairs & Power Small Cap Fund | 164,133 | 1.21% | $6.53M | 2.42% | Jun 30, 2026 |
| Vanguard Extended Market Index Fund | 127,984 | 0.94% | $5.09M | 0.01% | Jun 30, 2026 |
| Fidelity Small Cap Index Fund | 125,534 | 0.92% | $3.80M | 0.01% | Jul 31, 2026 |
| State Street(R) SPDR(R) S&P(R) Telecom ETF | 110,565 | 0.81% | $4.40M | 0.62% | Jun 30, 2026 |
| iShares Russell 2000 Value ETF | 108,589 | 0.80% | $4.32M | 0.03% | Jun 30, 2026 |
| Royce Micro-Cap Fund | 73,252 | 0.54% | $2.91M | 0.68% | Jun 30, 2026 |
| U.S. Small Cap Portfolio | 59,981 | 0.44% | $1.82M | 0.01% | Jul 31, 2026 |
| Vanguard Russell 2000 Index Fund | 59,015 | 0.43% | $2.79M | 0.02% | May 31, 2026 |
| Fidelity Extended Market Index Fund | 58,910 | 0.43% | $2.78M | 0.01% | May 31, 2026 |
| Schwab U.S. Small-Cap ETF | 54,880 | 0.40% | $2.59M | 0.01% | May 31, 2026 |
| iShares U.S. Digital Infrastructure and Real Estate ETF | 49,192 | 0.36% | $1.96M | 0.39% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | % of shares | Latest filing |
|---|---|---|---|---|
| Cheryl Beranek | Chief Executive Officer, Director | 492,973 | 3.63% | Jul 6, 2026 |
| Anis Khemakhem | Chief Commercial Officer | 25,284 | 0.19% | Jul 2, 2026 |
| Daniel R. Herzog | Chief Financial Officer | 85,834 | 0.63% | Jul 2, 2026 |
| John P. Hill | Chief Operating Officer | 192,674 | 1.42% | Jul 2, 2026 |
| Walter Louis Jones JR | Director | 8,682 | 0.06% | May 12, 2026 |
| Rebecca Seidel | Director | 2,870 | 0.02% | Mar 2, 2026 |
| Ademir Sarcevic | Director | 5,317 | 0.04% | Mar 2, 2026 |
| Ronald G. Roth | Director, 10% owner | 1,458,568 | 10.74% | Mar 2, 2026 |
| Kathleen Skarvan | Director | 2,870 | 0.02% | Mar 2, 2026 |
| Carol Ann Wirsbinski | Director | 9,631 | 0.07% | Mar 2, 2026 |
| Catherine T. Kelly | Director | 5,317 | 0.04% | Mar 2, 2026 |
| Donald R. Hayward | Director | 10,870 | 0.08% | Feb 20, 2026 |
| Charles N. Hayssen | Director | 142,328 | 1.05% | Mar 3, 2025 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Cheryl Beranek Chief Executive Officer, Director | Jul 1, 2026 | Sale(10b5-1 plan) | −1,778 | $40.06 | $71.23K | 492,973 |
| John P. Hill Chief Operating Officer | Jun 30, 2026 | Award | +459 | $24.78 | $11.37K | 192,674 |
| Daniel R. Herzog Chief Financial Officer | Jun 30, 2026 | Award | +752 | $24.78 | $18.63K | 85,834 |
| Cheryl Beranek Chief Executive Officer, Director | Jun 30, 2026 | Award | +210 | $24.78 | $5.20K | 494,751 |
| Anis Khemakhem Chief Commercial Officer | Jun 30, 2026 | Award | +158 | $24.78 | $3.92K | 25,284 |
| Anis Khemakhem Chief Commercial Officer | Jun 9, 2026 | Sale | −1,684 | $39.90 | $67.19K | 25,126 |
| Cheryl Beranek Chief Executive Officer, Director | Jun 1, 2026 | Sale(10b5-1 plan) | −7,500 | $46.92 | $351.90K | 494,541 |
| Cheryl Beranek Chief Executive Officer, Director | May 27, 2026 | Sale(10b5-1 plan) | −2,500 | $50.00 | $125.00K | 502,041 |
| Walter Louis Jones JR Director | May 11, 2026 | Sale | −2,391 | $46.05 | $110.11K | 8,682 |
| Cheryl Beranek Chief Executive Officer, Director | May 11, 2026 | Sale(10b5-1 plan) | −2,500 | $45.02 | $112.55K | 504,541 |
| Cheryl Beranek Chief Executive Officer, Director | May 8, 2026 | Sale(10b5-1 plan) | −5,000 | $40.27 | $201.35K | 507,041 |
| Anis Khemakhem Chief Commercial Officer | May 6, 2026 | Tax withholding | −635 | $30.28 | $19.23K | 26,810 |
| Walter Louis Jones JR Director | Feb 27, 2026 | Award | +2,544 | – | – | 11,073 |
| Catherine T. Kelly Director | Feb 27, 2026 | Award | +2,544 | – | – | 5,317 |
| Carol Ann Wirsbinski Director | Feb 27, 2026 | Award | +2,544 | – | – | 9,631 |
| Ademir Sarcevic Director | Feb 27, 2026 | Award | +2,544 | – | – | 5,317 |
| Kathleen Skarvan Director | Feb 27, 2026 | Award | +2,544 | – | – | 2,870 |
| Rebecca Seidel Director | Feb 27, 2026 | Award | +2,544 | – | – | 2,870 |
| Ronald G. Roth Director, 10% owner | Feb 27, 2026 | Award | +2,544 | – | – | 1,281,808 |
| Donald R. Hayward Director | Feb 19, 2026 | Sale | −3,595 | $32.00 | $115.04K | 10,870 |
| John P. Hill Chief Operating Officer | Dec 31, 2025 | Award | +222 | $24.78 | $5.50K | 192,215 |
| Daniel R. Herzog Chief Financial Officer | Dec 31, 2025 | Award | +88 | $24.78 | $2.18K | 85,082 |
| Anis Khemakhem Chief Commercial Officer | Dec 31, 2025 | Award | +131 | $24.78 | $3.25K | 27,445 |
| Cheryl Beranek Chief Executive Officer, Director | Dec 31, 2025 | Award | +210 | $24.78 | $5.20K | 512,041 |
| Ronald G. Roth Director, 10% owner | Dec 15, 2025 | Buy | +10,000 | $30.06 | $300.60K | 1,279,264 |
| Cheryl Beranek Chief Executive Officer, Director | Dec 11, 2025 | Gift | −1,960 | – | – | 511,831 |
| Kathleen Skarvan Director | Dec 10, 2025 | Award | +326 | – | – | 326 |
| Rebecca Seidel Director | Dec 10, 2025 | Award | +326 | – | – | 326 |
| John P. Hill Chief Operating Officer | Nov 28, 2025 | Award | +17,030 | – | – | 191,993 |
| Daniel R. Herzog Chief Financial Officer | Nov 28, 2025 | Award | +11,495 | – | – | 84,994 |
| Cheryl Beranek Chief Executive Officer, Director | Nov 28, 2025 | Award | +25,545 | – | – | 513,791 |
| Daniel R. Herzog Chief Financial Officer | Nov 20, 2025 | Tax withholding | −824 | $28.22 | $23.25K | 73,499 |
| Daniel R. Herzog Chief Financial Officer | Nov 20, 2025 | Award | +5,394 | – | – | 74,323 |
| Daniel R. Herzog Chief Financial Officer | Nov 20, 2025 | Award | +2,696 | – | – | 68,929 |
| Cheryl Beranek Chief Executive Officer, Director | Nov 20, 2025 | Award | +5,393 | – | – | 480,111 |
| Cheryl Beranek Chief Executive Officer, Director | Nov 20, 2025 | Award | +10,788 | – | – | 490,899 |
| Cheryl Beranek Chief Executive Officer, Director | Nov 20, 2025 | Tax withholding | −2,653 | $28.22 | $74.87K | 488,246 |
| John P. Hill Chief Operating Officer | Nov 20, 2025 | Award | +10,788 | – | – | 177,616 |
| John P. Hill Chief Operating Officer | Nov 20, 2025 | Tax withholding | −2,653 | $28.22 | $74.87K | 174,963 |
| John P. Hill Chief Operating Officer | Nov 20, 2025 | Award | +5,393 | – | – | 166,828 |
| Daniel R. Herzog Chief Financial Officer | Nov 16, 2025 | Tax withholding | −973 | $30.72 | $29.89K | 67,058 |
| Daniel R. Herzog Chief Financial Officer | Nov 16, 2025 | Tax withholding | −825 | $30.72 | $25.34K | 66,233 |
| Daniel R. Herzog Chief Financial Officer | Nov 16, 2025 | Tax withholding | −510 | $30.72 | $15.67K | 68,031 |
| John P. Hill Chief Operating Officer | Nov 16, 2025 | Tax withholding | −2,017 | $30.72 | $61.96K | 164,088 |
| John P. Hill Chief Operating Officer | Nov 16, 2025 | Tax withholding | −2,653 | $30.72 | $81.50K | 161,435 |
| John P. Hill Chief Operating Officer | Nov 16, 2025 | Tax withholding | −1,020 | $30.72 | $31.33K | 166,105 |
| Daniel R. Herzog Chief Financial Officer | Nov 16, 2025 | Tax withholding | +825 | $30.72 | $25.34K | 66,233 |
| Daniel R. Herzog Chief Financial Officer | Nov 16, 2025 | Tax withholding | −510 | $30.72 | $15.67K | 68,031 |
| Daniel R. Herzog Chief Financial Officer | Nov 16, 2025 | Tax withholding | +973 | $30.72 | $29.89K | 67,058 |
| Cheryl Beranek Chief Executive Officer, Director | Nov 16, 2025 | Tax withholding | −2,318 | $30.72 | $71.21K | 474,718 |
| Cheryl Beranek Chief Executive Officer, Director | Nov 16, 2025 | Tax withholding | −1,948 | $30.72 | $59.84K | 477,036 |
| Cheryl Beranek Chief Executive Officer, Director | Nov 16, 2025 | Tax withholding | −1,020 | $30.72 | $31.33K | 478,984 |
| John P. Hill Chief Operating Officer | Sep 18, 2025 | Option exercise | +17,776 | $23.74 | $422.00K | 170,520 |
| John P. Hill Chief Operating Officer | Sep 18, 2025 | Option exercise | +24,000 | $12.43 | $298.32K | 180,520 |
| John P. Hill Chief Operating Officer | Sep 18, 2025 | Tax withholding | −13,395 | $34.21 | $458.24K | 167,125 |
| John P. Hill Chief Operating Officer | Sep 18, 2025 | Tax withholding | −14,000 | $34.21 | $478.94K | 156,520 |
| Daniel R. Herzog Chief Financial Officer | Sep 12, 2025 | Option exercise | +12,000 | $12.43 | $149.16K | 75,326 |
| Daniel R. Herzog Chief Financial Officer | Sep 12, 2025 | Tax withholding | −9,453 | $33.25 | $314.31K | 63,326 |
| Daniel R. Herzog Chief Financial Officer | Sep 12, 2025 | Option exercise | +11,795 | $23.74 | $280.01K | 72,779 |
| Daniel R. Herzog Chief Financial Officer | Sep 12, 2025 | Tax withholding | −6,785 | $33.25 | $225.60K | 68,541 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| Cheryl Beranek Officer, Director | Jul 1, 2026 | 1,778 | $70.58K | Jul 1, 2026 | Stock Option Grant |
| Anis Khemakhem Officer | Jun 9, 2026 | 1,684 | $67.19K | Jun 9, 2026 | ESPP |
| Cheryl Beranek Officer, Director | Jun 1, 2026 | 7,500 | $349.80K | Jun 1, 2026 | Stock Option Grant |
| Cheryl Beranek Officer, Director | May 27, 2026 | 2,500 | $124.09K | May 27, 2026 | Stock Option Grant |
| Cheryl Beranek Officer, Director | May 11, 2026 | 2,500 | $111.74K | May 11, 2026 | Stock Option Grant |
| Walter Louis Jones JR Director | May 11, 2026 | 2,700 | $109.22K | May 11, 2026 | Payment for services rendered |
| Cheryl Beranek Officer, Director | May 8, 2026 | 5,000 | $199.88K | May 8, 2026 | Stock Option Grant |
| John P. Hill Officer | Feb 19, 2025 | 23,809 | $785.67K | Feb 19, 2025 | Restricted Stock Award |
| John P. Hill Officer | Feb 14, 2025 | 13,831 | $455.71K | Feb 14, 2025 | Restricted Stock Award |
| John P. Hill Officer | Feb 12, 2025 | 16,539 | $548.46K | Feb 12, 2025 | Restricted Stock Award |