Joseph M. Manko Jr., a director of Myomo, Inc. (NASDAQ:MYO), has significantly increased his indirect stake in the company through recent share purchases totaling $173,907. These acquisitions took place over two consecutive days during mid-May 2026.
The timing of this insider buying is noteworthy, as it follows a period where MYO shares had gained 7% value over the previous week. At the time of reporting, the stock was trading at $0.84 and carried a market capitalization of $32.2 million.
Details of the Acquisitions
The purchases were structured across two dates. On May 14, 2026, Mr. Manko indirectly acquired 170,830 shares at a cost of $0.8602 per share. The following day, May 15, an additional 30,367 shares were purchased from the market at a price of $0.8878 per share.
Collectively, these transactions established a discernible price range for the acquired shares, spanning between $0.8602 and $0.8878 per share. Furthermore, an analysis provided by InvestingPro suggested that, based on comprehensive metrics and Fair Value assessments, the stock appeared undervalued at its current trading levels.
Ownership Structure and Holdings
It is important to note that these shares were acquired indirectly via Horton Capital Partners Fund, LP. Mr. Manko holds a position of management capacity through his role as the managing member of Horton Capital Management, LLC and Horton Capital Partners, LLC. These entities maintain both investment power and voting authority over the fund's assets. However, Mr. Manko explicitly disclaimed beneficial ownership of these particular securities, except to the extent that he has a direct pecuniary interest in them.
Following the completion of these transactions, the total indirect holdings attributed to Mr. Manko amounted to 2,309,775 shares.
Contextualizing Financial Performance
Beyond the insider trading activity, Myomo Inc. recently released its first-quarter earnings report for 2026. The company's performance metrics indicated that it surpassed expectations regarding both revenue and earnings per share (EPS).
- Earnings Per Share (EPS): MYO reported an EPS of -$0.07, which was better than the anticipated figure of -$0.12.
- Revenue: The company achieved total revenue of $10.1 million, exceeding the forecasted amount of $9.24 million.
Despite these positive financial outcomes reported in its quarterly results, Myomo's stock experienced a noticeable decline during after-hours trading sessions. These mixed developments underscore the current interplay between the company's latest disclosed financial performance and subsequent market reactions to Myomo’s quarterly figures.
The reported data presents a composite picture, combining substantial insider buying activity with strong top-line revenue growth that contrasts with the stock's immediate post-earnings trading volatility.