2026-06-10
medium
Michael Balkin
Buy
Chief Executive Officer
100,000 shares
$434,000
@ $4.34
Significance
6/10
CEO Michael Balkin buys 100,000 shares of HRZN at $4.34, +81.0% increase in holdings, stock -48.7% from 52-week high
Michael Balkin, Chief Executive Officer, purchased 100,000 shares at $4.34 on 2026-06-09, expanding his holdings from 123.5K to 223.5K shares. The stock trades 48.7% below its 52-week high of $8.46, and his prior buy at this ticker on 2024-12-16 delivered a 90d return of +7.8%, while a 2024-08-05 purchase yielded -10.8% over 90 days—a 50% hit rate on same-ticker buys. The company reported net income of $2.8M but was unprofitable over its most recent full fiscal year, creating a disconnect between recent profitability and underlying fundamentals that warrants scrutiny of the investment thesis.