Cardinal Infrastructure Group (NASDAQ:CDNL) Shares Gap Up on Insider Buying Activity

Posted by Brenda Bartman on Jun 1st, 2026

Cardinal Infrastructure Group Inc. (NASDAQ:CDNL – Get Free Report)’s share price gapped up prior to trading on Monday following insider buying activity. The stock had previously closed at $51.89, but opened at $55.02. Cardinal Infrastructure Group shares last traded at $54.0430, with a volume of 46,824 shares trading hands.

Specifically, COO Benjamin Wood purchased 20,000 shares of the firm’s stock in a transaction on Wednesday, May 27th. The stock was purchased at an average cost of $51.30 per share, for a total transaction of $1,026,000.00. Following the transaction, the chief operating officer owned 20,000 shares in the company, valued at $1,026,000. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on CDNL shares. Weiss Ratings started coverage on shares of Cardinal Infrastructure Group in a research report on Monday, March 9th. They set a “sell (e)” rating for the company. Zacks Research lowered shares of Cardinal Infrastructure Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Oppenheimer began coverage on shares of Cardinal Infrastructure Group in a research report on Thursday. They set an “outperform” rating and a $60.00 price objective for the company. Stifel Nicolaus boosted their target price on shares of Cardinal Infrastructure Group from $41.00 to $63.00 and gave the company a “buy” rating in a report on Wednesday, May 13th. Finally, DA Davidson upped their price target on shares of Cardinal Infrastructure Group from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Thursday, February 19th. Three research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $52.67.

Check Out Our Latest Analysis on Cardinal Infrastructure Group

Cardinal Infrastructure Group Stock Performance

The stock has a fifty day simple moving average of $47.11.

Cardinal Infrastructure Group (NASDAQ:CDNL – Get Free Report) last issued its quarterly earnings results on Monday, March 23rd. The company reported $1.98 EPS for the quarter. The business had revenue of $418.92 million for the quarter. As a group, analysts predict that Cardinal Infrastructure Group Inc. will post 1.84 EPS for the current year.

Hedge Funds Weigh In On Cardinal Infrastructure Group

Several institutional investors have recently bought and sold shares of the company. California State Teachers Retirement System bought a new position in Cardinal Infrastructure Group during the first quarter valued at $28,000. Strs Ohio bought a new stake in shares of Cardinal Infrastructure Group in the first quarter valued at $87,000. Barclays PLC purchased a new position in shares of Cardinal Infrastructure Group during the 4th quarter valued at $152,000. Zuckerman Investment Group LLC bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth $242,000. Finally, XTX Topco Ltd bought a new position in shares of Cardinal Infrastructure Group during the 4th quarter worth $242,000.

Cardinal Infrastructure Group Company Profile

(Get Free Report)

We provide a comprehensive suite of infrastructure services to the residential, commercial, industrial, municipal, and state infrastructure markets. Our operations leverage a large highly skilled workforce and a fleet of specialized equipment to deliver wet utility installations (water, sewer, and stormwater systems), as well as grading, site clearing, erosion control, drilling and blasting, paving, and other related site services. We are becoming the platform of choice for a diverse array of infrastructure construction projects in our target geographies that require high-level technical expertise and sophistication.