CFO Diramerian buys 11.2K HPP shares at $2.23; +21.1% stake increase amid 13-insider cluster buy and company's -$80.3M net loss.
CFO Harout Krikor Diramerian purchased 11,210 shares at $2.23 on 2025-06-12, increasing his holdings by 21.1% to 64,456 shares post-transaction. This purchase occurs within a broader pattern: 13 other insiders also bought within the past 14 days, forming a cluster buy. The company's fundamentals show significant headwinds—net income of -$80.3M in the latest quarter, annual revenue decline of -11.6%, and the company was unprofitable over its most recent full fiscal year. The stock has fallen 54.2% from its 52-week high of $42.07, though it has recovered 32.2% over the past 30 days from recent lows. Notably, Diramerian's prior buy at HPP on 2024-05-29 delivered a 90d return of +792.5%, establishing a pattern of open-market purchases at this ticker that subsequently appreciated.