Early Access — free while we kick the tires
EdgarHawk

Holland Tom

Director

Director
1 filing analyzed · 1 company · Latest 2024-06-17

Companies

Company Buys Sells Direction
Pineapple Energy Inc. SUNE 1 0 Net buying

Activity

June 2024
2024-06-17 Pineapple Energy Inc. SUNE
high
Buy
3,000 shares
$3,915
Significance 7/10

Director Tom Holland buys 3,000 shares of PEGY at $1.30; cluster of 3 other insider buys in 14 days as stock falls -94.4% from 52-week high.

Holland purchased 3,000 shares at $1.30, increasing his holdings by 149.1% from 2,012 to 5,012 shares. The purchase occurs in the context of severe valuation compression: PEGY trades at $59.50 currently but dropped 94.4% from its 52-week high of $1065.00, with a 30-day decline of 24.7%. Most significantly, this buy is part of a cluster pattern—3 other insiders also purchased shares within the past 14 days—suggesting coordinated or responsive insider positioning during a steep drawdown. The company's fundamentals present a mixed picture: FY revenue growth was +189.3% and the latest quarter revenue was $13.2M with $1.2M in net income, yet the company was unprofitable over its most recent full fiscal year. The cluster buying at depressed prices combined with the company's scale ($5.7B market cap) and recent revenue momentum warrants observation of whether this reflects insider assessment of valuation disconnection or responses to near-term operational headwinds.

Related insiders

Create a free account

Build watchlists, get email alerts on the tickers you follow, and read the full AI analysis on every insider filing.

Sign up — free during early access