Chhibbar Gaurav

COO Chhibbar Gaurav buys 400 FRD shares at $16.94; stock down -24.8% from 52-week high and -9.5% in 30 days.

Chief Operating Officer Gaurav Chhibbar purchased 400 shares of Friedman Industries at $16.94 on 2026-03-18, bringing his holdings to 51,400 shares. The transaction occurred as the stock trades at $17.08, down 24.8% from its 52-week high of $22.70 and has declined 9.5% over the past 30 days and 20.2% over 90 days. The company's fundamentals show annual revenue growth of -13.9%, with quarterly revenue of $167,974,000.00 and net income of $3,043,000.00, while the stock trades at a P/E of 7.76 on a market cap of $121,476,068.56. The insider's prior activity at this ticker includes a buy on 2026-02-19, with outcomes not yet measurable, and his cross-ticker track record shows just 1 prior buy overall. This small incremental addition to existing holdings during a period of significant price weakness warrants monitoring of whether the company's revenue trajectory stabilizes.

COO Chhibbar Gaurav bought 1,000 shares (1.0K shares) at $18.35, raising stake to 51,000 shares as FRD stock down 18.8% from 52-week high.

Chhibbar Gaurav, Chief Operating Officer of Friedman Industries, purchased 1,000 shares at $18.35 on 2026-02-19, increasing his holding from 50,000 to 51,000 shares. The transaction occurs within a broader context of stock weakness: the current price of $18.43 is down 18.8% from the 52-week high of $22.70 and down 5.0% over the prior 30 days. Friedman Industries is experiencing significant operational headwinds, with annual revenue declining 13.9% year-over-year against net income of $3.0M on latest quarterly revenue of $168.0M. The modest scale of this purchase relative to the COO's existing 51,000-share position and the company's challenging financial trajectory warrant attention to whether this represents a tactical entry or maintenance of exposure in a structurally weakening business.