Director Alejandro Gustavo Elsztain buys 29,000 shares at blended average $3.57 ($103.6K); stock down 12.9% in 90 days, prior LND buys all underwater.
Alejandro Gustavo Elsztain purchased 29,000 shares ($103.6K) across two transactions on 2026-06-29 and 2026-06-30 at a blended average price of $3.57, increasing his holdings from 641.4K to 670.4K shares (+4.5%). The timing is concerning: LND stock has declined 12.9% over the past 90 days and is trading 19.8% below its 52-week high of $4.45. More tellingly, Elsztain's prior four purchases at LND (all made in May 2026) have each posted negative 30-day returns ranging from -4.6% to -6.6%, with none yet reaching 90-day measurable outcomes. His cross-ticker buy track record shows an average 30-day return of -3.9% across 8 prior purchases. The pattern of repeated purchases into a declining position, combined with prior underwater entries and weak short-term price momentum, suggests the director is accumulating at prices he may view as attractive, but execution risk remains elevated given the negative near-term trajectory.