{
  "symbol": "ELF",
  "company": "e.l.f. Beauty, Inc.",
  "generated_at": "2026-06-24T07:36:47.363Z",
  "event_count": 2,
  "events": [
    {
      "type": "scout_dossier",
      "ts": "2026-06-11T20:33:15.612Z",
      "summary": "The investigation found that the Form 4 cluster trigger was met but the signal is misleading: all recent insider activity consists entirely of RSU vesting events where shares were automatically sold to cover tax withholdings (transaction code S). No open-market purchases by insiders using personal capital were identified in the last 90 days. The CEO received RSUs at $0 value, not purchased on open market. ELF has shed ~55% from its 52-week high of $150.99 following an earnings disaster in November 2025 (tariff-driven margin compression) and a GAAP loss for FY26. Forward P/E of 16.6x appears modest but EV/EBITDA of 55.3x reflects the unprofitable reality; higher costs from tariffs remain a structural headwind. Rhode international expansion is a genuine catalyst but its incremental contribution has not resolved profitability concerns.",
      "verdict": "no_anomaly",
      "confidence": 5,
      "tool_calls": 28,
      "walltime_min": 15,
      "debug_path": "dossiers/2026-06-11-ELF.scout.debug.json"
    },
    {
      "type": "scout_dossier",
      "ts": "2026-06-05T20:43:22.995Z",
      "summary": "{\"symbol\":\"ELF\",\"company\":\"e.l.f. Beauty, Inc.\",\"investigation_summary\":\"The Form 4 cluster that triggered this investigation consists entirely of RSU vesting events — six executives received equity compensation (acquired shares at $0) on June 3, 2026, and simultaneously sold shares to cover tax withholding obligations at $51.94 per share (transaction code S). NONE were open-market purchases. The ",
      "verdict": "unparseable",
      "tool_calls": 23,
      "walltime_min": 19,
      "debug_path": "dossiers/2026-06-05-ELF.scout.debug.json"
    }
  ],
  "lessons": [
    {
      "id": "L-2026-06-19-001",
      "extracted_from": "2026-06-01-UEC-earnings-put-spread",
      "extracted_at": "2026-06-19T06:22:33.535Z",
      "outcome_context": "win",
      "category": "structure",
      "pattern": "For zero-revenue resource companies, earnings reports are operational milestone updates, not financial performance events. Market reaction is typically delayed 3-7 days as analysts digest operational details (mine start-up, production targets, inventory decisions). Use longer-dated options (7-14 DTE) or calendar spreads instead of tight DTE spreads that expire before the full reaction.",
      "evidence": "UEC had zero Q3 revenue and a wider loss, but stock closed flat on June 3 earnings day. The -25% crash occurred June 9-10, 6 days after the June 5 option expiry. The put spread expired ITM only because the stock eventually reached $12.01, not because of the earnings reaction itself.",
      "applicability": "Applies to all pre-revenue or zero-revenue resource/mining companies where operational milestones (mine start-up, production ramp, permitting) drive valuations. Does NOT apply to established producers with consistent revenue where earnings reactions are immediate.",
      "confidence": 4
    }
  ],
  "chart_signal": {
    "ticker": "ELF",
    "call": "SELL",
    "confidence": 2,
    "score": -3,
    "factors": {
      "below_200dma": "-2",
      "above_50dma": "+1",
      "momentum_strong_down": "-2 (-56.4%)",
      "rsi_neutral": "0 (58.4)",
      "macd_above_signal": "+1",
      "recent_macd_bullish_cross": "+1 (10d ago)",
      "broken_below_high": "-2 (-56.7% from high)"
    },
    "summary": "SELL (score -3) · 12-1 mom -56.4% · RSI 58.4 · above_50_only · -56.7% from high",
    "last_close": 63.49,
    "one_month_ago_close": 53.12,
    "twelve_month_ago_close": 121.87,
    "twelve_one_momentum_pct": -56.41,
    "rsi_14": 58.4,
    "ma_stack": "above_50_only",
    "from_period_high_pct": -56.71,
    "period_high": 146.67,
    "price_targets": {
      "bear": 50,
      "fair": 65.04,
      "bull": 168.67,
      "bear_return_pct": -21.2,
      "fair_return_pct": 2.4,
      "bull_return_pct": 165.7,
      "method": "street_targets ⨯ chart_floors",
      "street": {
        "target_low": 50,
        "target_mean": 71.875,
        "target_high": 90,
        "analyst_count": 16
      }
    },
    "generated_at": "2026-06-24T07:36:47.358Z"
  }
}