Chief Commercial Officer bought 6,666 shares (6.7K) of TELA at $2.25; cluster buy by 3+ insiders within 14 days, positive prior timing at this ticker.
Firestone Gregory A., Chief Commercial Officer of TELA Bio, purchased 6,666 shares for $14,998.50 on 2024-10-24, increasing his stake by 13.2% to 57,279 shares. This transaction occurs as part of a broader cluster pattern with 3 other insiders also buying within the past 14 days, signaling coordinated confidence at a depressed price point. His prior buy at TELA on 2023-12-05 demonstrated strong timing, delivering +19.8% 30-day and +22.8% 90-day returns, and his cross-ticker track record shows 1 prior buy with 100% 90-day win rate at +22.8% average return. The company is unprofitable with $-12.6M net income in the latest quarter and declining price momentum (-43.9% over 90 days, -66.1% from 52-week high), placing the buy at a materially lower valuation than the $7.61 52-week peak—context that aligns with the timing pattern observed in his prior transaction.