{"scope": "industry", "title": "Consulting Services", "sector": "Industrials", "industry": "Consulting Services", "intelligence": {"score": 26, "label": "Concentrated distribution", "tone": "negative", "stance": "Review exposure and filing context", "brief": "Priced common-share disposals are concentrated enough to warrant review, but they are not treated as a standalone bearish forecast.", "confidence": 84, "confidence_label": "Deep evidence", "filings": 191, "companies": 9, "insiders": 77, "signal_events": 69, "acquisition_events": 6, "disposal_events": 63, "acquisition_share": 8.7, "disposal_share": 91.3, "acquisition_value": 5975779.9275, "disposal_value": 23763148.8787, "net_value": -17787368.9512, "acquisition_value_label": "$6.0M", "disposal_value_label": "$23.8M", "net_value_label": "-$17.8M", "data_quality": 38, "priced_common_share": 36, "latest_date": "2026-08-04", "latest_signal_date": "2026-08-03", "oldest_date": "2026-05-19", "evidence_classes": [{"key": "common_equity", "label": "Common equity", "count": 141, "bar_width": 100.0}, {"key": "equity_award", "label": "Equity compensation", "count": 35, "bar_width": 24.8}, {"key": "derivative", "label": "Options and derivatives", "count": 6, "bar_width": 4.3}, {"key": "other", "label": "Other securities", "count": 9, "bar_width": 6.4}], "roles": [{"label": "Director", "count": 73, "bar_width": 100.0}, {"label": "Other executive", "count": 60, "bar_width": 82.2}, {"label": "CEO and chair", "count": 48, "bar_width": 65.8}, {"label": "Finance leadership", "count": 7, "bar_width": 9.6}, {"label": "Other or unspecified", "count": 3, "bar_width": 4.1}], "supports": ["6 distinct acquisition events survive duplicate and security-type controls.", "Participation spans 77 named insiders rather than one filing source.", "The latest qualifying evidence is fresh, dated 03 Aug 2026."], "risks": ["Qualifying disposal events outnumber acquisitions, although disposals receive a lower directional weight."]}, "timeline": [{"start": "2026-05-25", "label": "25 May", "acquisitions": 9, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 9, "height": 28.1, "acquisition_height": 100.0, "disposal_height": 0.0}, {"start": "2026-06-01", "label": "01 Jun", "acquisitions": 14, "disposals": 18, "qualified_acquisitions": 3, "qualified_disposals": 12, "total": 32, "height": 100.0, "acquisition_height": 43.8, "disposal_height": 56.2}, {"start": "2026-06-08", "label": "08 Jun", "acquisitions": 22, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 23, "height": 71.9, "acquisition_height": 95.7, "disposal_height": 4.3}, {"start": "2026-06-15", "label": "15 Jun", "acquisitions": 7, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 8, "height": 25.0, "acquisition_height": 87.5, "disposal_height": 12.5}, {"start": "2026-06-22", "label": "22 Jun", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-06-29", "label": "29 Jun", "acquisitions": 15, "disposals": 1, "qualified_acquisitions": 0, "qualified_disposals": 1, "total": 16, "height": 50.0, "acquisition_height": 93.8, "disposal_height": 6.2}, {"start": "2026-07-06", "label": "06 Jul", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}, {"start": "2026-07-13", "label": "13 Jul", "acquisitions": 6, "disposals": 3, "qualified_acquisitions": 0, "qualified_disposals": 2, "total": 9, "height": 28.1, "acquisition_height": 66.7, "disposal_height": 33.3}, {"start": "2026-07-20", "label": "20 Jul", "acquisitions": 1, "disposals": 10, "qualified_acquisitions": 1, "qualified_disposals": 9, "total": 11, "height": 34.4, "acquisition_height": 9.1, "disposal_height": 90.9}, {"start": "2026-07-27", "label": "27 Jul", "acquisitions": 6, "disposals": 24, "qualified_acquisitions": 0, "qualified_disposals": 19, "total": 30, "height": 93.8, "acquisition_height": 20.0, "disposal_height": 80.0}, {"start": "2026-08-03", "label": "03 Aug", "acquisitions": 11, "disposals": 3, "qualified_acquisitions": 1, "qualified_disposals": 1, "total": 14, "height": 43.8, "acquisition_height": 78.6, "disposal_height": 21.4}, {"start": "2026-08-10", "label": "10 Aug", "acquisitions": 0, "disposals": 0, "qualified_acquisitions": 0, "qualified_disposals": 0, "total": 0, "height": 0.0, "acquisition_height": 0, "disposal_height": 0}], "peers": [{"label": "Tools & Accessories", "score": 68, "confidence": 85}, {"label": "Pollution & Treatment Controls", "score": 67, "confidence": 84}, {"label": "Specialty Business Services", "score": 65, "confidence": 92}, {"label": "Waste Management", "score": 65, "confidence": 88}, {"label": "Conglomerates", "score": 62, "confidence": 92}, {"label": "Electrical Equipment & Parts", "score": 60, "confidence": 91}, {"label": "Specialty Industrial Machinery", "score": 54, "confidence": 93}, {"label": "Farm & Heavy Construction Machinery", "score": 53, "confidence": 93}, {"label": "Engineering & Construction", "score": 53, "confidence": 91}, {"label": "Security & Protection Services", "score": 53, "confidence": 91}, {"label": "Rental & Leasing Services", "score": 48, "confidence": 92}, {"label": "Trucking", "score": 47, "confidence": 86}, {"label": "Business Equipment & Supplies", "score": 45, "confidence": 57}, {"label": "Industrial Distribution", "score": 42, "confidence": 92}, {"label": "Railroads", "score": 40, "confidence": 88}, {"label": "Building Products & Equipment", "score": 37, "confidence": 94}, {"label": "Aerospace & Defense", "score": 37, "confidence": 93}, {"label": "Metal Fabrication", "score": 37, "confidence": 90}, {"label": "Staffing & Employment Services", "score": 35, "confidence": 84}, {"label": "Integrated Freight & Logistics", "score": 32, "confidence": 84}, {"label": "Airlines", "score": 30, "confidence": 86}, {"label": "Consulting Services", "score": 26, "confidence": 84}, {"label": "Airports & Air Services", "score": 16, "confidence": 65}, {"label": "Marine Shipping", "score": 12, "confidence": 77}], "leaders": {"constructive": [{"symbol": "VRSK", "name": "Verisk Analytics Inc", "score": 52, "confidence": 91}], "cautious": [{"symbol": "CRAI", "name": "CRA International Inc", "score": 12, "confidence": 83}, {"symbol": "HURN", "name": "Huron Consulting Group Inc", "score": 12, "confidence": 93}, {"symbol": "FORR", "name": "Forrester Research Inc", "score": 16, "confidence": 79}, {"symbol": "BAH", "name": "Booz Allen Hamilton Holding", "score": 19, "confidence": 57}, {"symbol": "FCN", "name": "FTI Consulting Inc", "score": 25, "confidence": 41}, {"symbol": "RGP", "name": "Resources Connection Inc", "score": 28, "confidence": 36}, {"symbol": "EFX", "name": "Equifax Inc", "score": 35, "confidence": 65}], "active": [{"symbol": "HURN", "name": "Huron Consulting Group Inc", "score": 12, "confidence": 93}, {"symbol": "CRAI", "name": "CRA International Inc", "score": 12, "confidence": 83}, {"symbol": "VRSK", "name": "Verisk Analytics Inc", "score": 52, "confidence": 91}, {"symbol": "EFX", "name": "Equifax Inc", "score": 35, "confidence": 65}, {"symbol": "FORR", "name": "Forrester Research Inc", "score": 16, "confidence": 79}, {"symbol": "BAH", "name": "Booz Allen Hamilton Holding", "score": 19, "confidence": 57}, {"symbol": "FCN", "name": "FTI Consulting Inc", "score": 25, "confidence": 41}, {"symbol": "RGP", "name": "Resources Connection Inc", "score": 28, "confidence": 36}]}, "method": "Group reads measure breadth and conviction across controlled company-level insider evidence; they are classifications, not forecasts."}