CNTM ConnectM Technology Solutions, Inc. Insider Trading

CEO Bhaskar Panigrahi buys 3,359 shares for $40,907,083.00; stock now trades 50.4% below 52-week high at $8.50

CEO Bhaskar Panigrahi executed two separate purchases totaling 3,359 shares (3.4K shares) for $40,907,083.00 at blended average price $12,178.35 on 2026-06-10 and 2026-06-11. The current stock price of $8.50 is -50.4% from the 52-week high of $17.12, and the transaction prices ($8,887.00 and $14,280.00) substantially exceed the current market level. The company is unprofitable with full-year net income of $-6,945,745.00, though annual revenue growth reached +58.2% in the most recent period. At this ticker, Panigrahi's prior 5 trades show mixed outcomes: two 2025 November buys posted exceptional 90-day returns (+3684.3% and +4028.4%), while three September 2024 buys realized declines of -99.9% to -100.0% over 90 days. The extreme variance in prior same-ticker outcomes and the current underwater position on these large purchases merit attention to whether operational or valuation developments have changed materially.

PFO Mahesh Choudhury purchases 2,637 shares for $12,684,890.00 across 5 transactions; stock up 46.6% in 30 days but down 50.4% from 52-week high.

Mahesh Choudhury, Principal Financial Officer, executed 5 separate purchases totaling 2,637 shares for $12,684,890.00 between June 8–18, 2026, at blended average price $4,810.35. The current price of $8.50 reflects +46.6% 30-day appreciation but remains 50.4% below the 52-week high of $17.12. His same-ticker trade history at CNTM shows only 1 of 5 prior buys were well-timed at the 90-day mark, with four consecutive December 2024 purchases declining approximately 99% in both the 30-day and 90-day windows. The company's fundamentals remain challenged: latest quarterly revenue of $8,172,553.00 against a net loss of $-6,945,745.00, though annual revenue growth reached +58.2%. Holdings increased from 34,555 shares to 37,192 shares post-transaction. Context matters: the timing and quantum of this purchase follow a pattern of historically poor 90-day outcomes at this ticker specifically.

Mahesh Choudhury bought 65,001 shares of CNTM at $0.22; 0 of 5 prior CNTM buys well-timed, cross-ticker track record -99.5% avg 30d return.

Mahesh Choudhury purchased 65,001 shares of ConnectM Technology Solutions at $0.22 on 2025-11-28, increasing holdings by 9.2% to 774.8K shares. His timing history at this ticker shows a consistent pattern of poor performance: all 5 prior buys at CNTM delivered losses exceeding 99% over their 90-day periods, with a 0% timing success rate. His broader cross-ticker track record mirrors this pattern, with 12 prior buys averaging -99.5% 30-day returns and -99.6% 90-day returns across all holdings. The company itself carries significant operational headwinds: it posted $-1.1M net income on $8.7M quarterly revenue and remains unprofitable on a full-year basis, despite 13.4% annual revenue growth. The current price of $13.28 is 67.3% below the 52-week high of $40.64, suggesting material deterioration from recent peaks.

CNTM insider Bhaskar Panigrahi purchases 297,400 shares for $67,478.00 across 2 transactions; 0 of 5 prior same-ticker buys showed 90-day gains.

Panigrahi acquired 297,400 shares (297.4K shares) in two separate purchases on 2025-11-28 at blended average price $0.23, raising his holdings to 4,718,953 shares (4.72M shares). This follows a consistent pattern: all 5 prior buys at CNTM were ill-timed at the 90-day mark, with returns of -99.9% to -100.0%, and his cross-ticker track record across 5 prior buys shows a 0% 90-day win rate. The company's fundamentals remain challenged—it reported a net loss of $1,145,571.00 ($-1.1M) in the latest quarter and was unprofitable over its most recent full fiscal year. While annual revenue grew 13.4%, the persistent pattern of losses and the insider's prior unsuccessful buy timing at this ticker signal caution rather than conviction.

Mahesh Choudhury buys 39,000 shares for $898.7M at CNTM; massive bet contradicts pattern: 0 of 5 prior CNTM buys profitable at 90 days.

Mahesh Choudhury executed 3 separate purchases totaling 39,000 shares for $898,672,100.00 across three consecutive trading days (2024-12-18 to 2024-12-20), raising his stake from 220,768 to 259,768 shares (+17.7%). The blended average price of $23,042.87 is substantially above the current price of $32.64, suggesting these shares are currently underwater. More alarming is the historical context: his prior 5 buys at CNTM (Sept 9-13, 2024) showed zero instances of positive 90-day returns, with losses ranging from -97.4% to -99.9%, indicating systematic poor timing at this ticker. His cross-ticker track record is equally concerning—9 prior open-market buys averaged -99.6% returns at both 30 and 90 days with a 0.00% win rate. The company itself is unprofitable (full-year negative net income, latest quarter showed $-12,238,000.00 net loss on $6,074,000.00 revenue), adding fundamental risk to what appears to be a pattern-defying accumulation.

Panigrahi Bhaskar bought 30,000 shares of CNTM at $33,546.00 on 2024-09-12; stock down 55.0% from 52-week high despite recent 14.3% bounce.

Panigrahi purchased 30,000 shares on 2024-09-12, extending a rapid sequence of four consecutive buys at CNTM within two weeks (2024-08-29 through 2024-09-12). His holdings grew 0.7% to 4,206,043 shares, confirming continued accumulation. The transaction occurred at $33,546.00 per share against a current price of $35.84, placing the stock -55.0% below its 52-week high of $79.68 yet +14.3% above its 30-day low. The company reported net income of $1,413,237.00 but was unprofitable over its most recent full fiscal year, creating a disconnect between near-term profitability and underlying performance. The combination of sustained purchasing at depressed valuation levels, repeated buy clustering, and deteriorated fundamentals warrants monitoring of whether recent share accumulation reflects new information or a pattern inconsistent with prior outcomes.

Mahesh Choudhury purchased 18,730 shares for $287,574,790.00 in two transactions; stock currently down 55.0% from 52-week high.

Choudhury executed 2 separate purchases totaling 18,730 shares for $287,574,790.00 on consecutive days (2024-09-12 and 2024-09-13) at a blended average price of $15,353.70, bringing his holdings to 220,768 shares. The timing is notable: the current price of $35.84 stands 55.0% below the 52-week high of $79.68, and the stock is up 14.3% over the past 30 days. His prior 5 transactions at CNTM—all buys in the week preceding this filing—form a concentrated purchasing pattern. The company reported net income of $1,413,237.00 against a market cap of $758,519,802.88, and was unprofitable over the most recent full fiscal year, creating a backdrop of operational distress or recovery positioning. This sustained accumulation warrants scrutiny of whether market conditions, valuation, or material developments precipitated the insider's capital deployment.

Panigrahi acquired 68,944 shares (69K) for $2.8B at blended avg $41,036.79; stock now $34.88, down 56.2% from 52-week high.

Panigrahi Bhaskar executed 2 separate purchases totaling 68,944 shares for $2,829,240,648.00 on consecutive trading days (September 6 and 11, 2024), increasing holdings to 4,176,043 shares (+1.7%). The transaction prices (averaging $41,036.79) substantially exceed the current market price of $34.88, representing an immediate paper loss on the acquired shares. The stock has declined 22.7% over the prior 30 days and sits 56.2% below its 52-week high of $79.68, suggesting significant downward price momentum at the time of purchase. The company reported negative full-year net income, and his prior open-market purchases at this ticker (August 29, September 4, and September 12) remain within outcome-measurement windows, with no established pattern of well-timed accumulation at CNTM to date.

Insider Mahesh Choudhury purchases 53,900 shares in 4 transactions for $1,187,247,000.00 at blended average $22,026.85

Choudhury filed Form 4 documenting 4 separate purchases totaling 53.9K shares for $1.2B across September 3–11, 2024, at prices ($14,522.00, $1,391.00, $30,774.00, $13,731.00) that span a wide range. His holdings increased 36.4% to 202.0K shares post-transaction. The current market price of $34.88 represents a decline of 56.2% from the 52-week high of $79.68 and a 22.7% drop over the prior 30 days. The company reported negative full-year net income, making the timing of these large-scale accumulations at such disparate price points noteworthy. With all four prior trades at this ticker showing outcomes not yet measurable, there is no established pattern to evaluate whether his prior purchases at CNTM have tracked market movements or insider timing accuracy.

Panigrahi Bhaskar bought 65,274 shares of CNTM for $3.7B on 2024-09-04, holding 4.11M shares post-trade as stock trades -53.4% from 52-week high.

Panigrahi Bhaskar acquired 65,274 shares at $57,441.00 per share on 2024-09-04, representing a purchase during a significant drawdown: the stock currently trades at $37.12, down 53.4% from its 52-week high of $79.68. The transaction brings his holdings to 4.11M shares (+1.6% net increase from prior position of 4.04M shares). This marks his third consecutive purchase at CNTM within 6 days—buys on 2024-08-29, 2024-09-04, and 2024-09-06—establishing a repeated buying pattern over a narrow window. The company remains unprofitable (full-year net income was negative) and has a market cap of $785.6M against this transaction's stated value of $3.7B, warranting close examination of the transaction's structural details and pricing methodology.