CFO Robert J. Andersen bought 1,700 shares of XPER at $8.75 amid unprofitable year; cluster of 3 other insider purchases in past 14 days
Robert J. Andersen, Chief Financial Officer of Xperi Inc., purchased 1,700 shares at $8.75 on 2024-08-30, bringing his post-transaction holdings to 254,098 shares. This purchase occurs while the company reported a net income of $-30,299,000.00 over its most recent full fiscal year and a net loss of $-30,299,000.00 in the latest quarter, against revenue of $119,591,000.00. Notably, three other insiders also purchased shares within the past 14 days, forming a cluster buy pattern. The current price of $8.67 is -28.1% from the 52-week high of $12.06 and represents a 30-day gain of +15.8%, suggesting recent upward momentum even as the company operates at a loss.