Steven A. Shaw, a director and 10% owner of Mastech Digital, purchased 5,000 ordinary shares of the company on August 21, 2026, according to regulatory filings.
The transaction was valued at $37,350, with shares acquired at $7.47 each. Following the purchase, Shaw holds 55,000 shares indirectly through the Rachel Lynn Shaw Trust, where he serves as trustee and contingent residual beneficiary.
Mastech Digital’s stock has gained 28% over the past six months, trading at $7.50 at the time of the filing. The company’s market capitalization stands at $90 million.
The insider activity follows Mastech Digital’s second-quarter 2026 financial results, which fell short of Wall Street expectations. Adjusted earnings per share were $0.08, below the projected $0.14. Revenue totaled $41.44 million, missing the forecast of $46.19 million. Year-over-year revenue declined 15.6%, though sequential revenue rose 0.9%.
The Data and AI segment reported a sequential revenue increase of 7.2%, marking the first quarterly gain in this segment since 2024. Contract bookings reached $13.6 million in total contract value, up 51.1% from the prior year. As of the quarter’s end, the company held $35.6 million in cash and had no bank debt, with $20.4 million of unused capacity on its revolving credit facility.
