Director Eli Casdin buys 200,000 WGS shares for $11.1M across two days; stock down 69.7% from 52-week high but up 27.0% in 30 days.
Eli Casdin, a director, executed two separate purchases totaling 200,000 shares for $11,109,565.00, increasing his holdings from 3,507,164 shares to 3,707,164 shares. The purchases occurred at $56.44 on 2026-06-04 and $52.86 on 2026-06-05, with a blended average price of $55.55. This transaction is significant given the magnitude of capital deployed ($11.1M) and the current stock price of $51.80, placing the stock -69.7% from its 52-week high of $170.87 while it has recovered +27.0% over the past 30 days. At the same-ticker level, Casdin's prior four purchases at WGS were all well-timed (returning +19.2%, +22.6%, +22.7%, and +24.4% at the 90-day mark), though the single prior sale he executed at this ticker generated positive 90-day returns, indicating it was poorly-timed. The company posted revenue of $102,254,000.00 in its latest quarter with annual revenue growth of +40.0%, but remains unprofitable with net income of $-63,316,000.00 in its most recent full fiscal year—a context in which a director's substantial share purchase during a sharp drawdown warrants investor attention to the conviction or calculation behind the move.