Director Akhtar Amer buys 1,200 (1.2K shares) of THRY at $18.46; holdings rise to 20,535 shares amid -23.7% annual revenue decline
Akhtar Amer, a director, purchased 1,200 shares at $18.46 on 2024-09-18, increasing his position to 20,535 shares. The transaction occurred when the stock was trading near its 52-week low range ($16.10–$24.17), down 22.0% from the 52-week high, and represents a 6.2% increase in his prior holdings. This acquisition is noteworthy given the company's deteriorating fundamentals: annual revenue declined 23.7% year-over-year, and Thryv was unprofitable over its most recent full fiscal year, though the latest quarter did show net income of $5,548,000.00. The buy signal must be weighed against these negative operational trends and the company's negative full-year profitability, which limits confidence in the director's assessment of near-term recovery.