Hurlbert Craig M.

CEO Craig Hurlbert buys 3,250 shares of LOCL at $1.81 (Dec 19); repeated accumulation as 2 other insiders also bought within 14 days

Craig Hurlbert, Chief Executive Officer of Local Bounti Corporation/DE, purchased 3,250 shares at $1.81 on 2024-12-19, adding to his 311,573 pre-transaction holding. This is his third buy at LOCL in nine days (purchases also on 2024-12-16 and 2024-12-11), following two identically-timed buys on 2023-10-31 that each returned +160.2% and +161.6% over 30 days respectively, with both generating +59.4% and +60.2% returns over 90 days. Most significantly, a cluster buy pattern is active: 2 other insiders have also purchased within the past 14 days. Stock currently trades at $2.03, up 18.7% over 30 days and only -5.1% over 90 days. Despite the accumulated buying signal and positive recent price momentum, the company remains deeply unprofitable with net income of $-34.3M against $10.2M in latest-quarter revenue, and the stock trades -37.4% from its 52-week high of $3.24, presenting high fundamental risk that offsets the insider accumulation pattern.

CEO Hurlbert buys 2,750 shares at $1.98; stock now $2.20, down 32.1% from 52-week high; cluster of insider buys in past 14 days

Craig M. Hurlbert, CEO of Local Bounti Corporation/DE, purchased 2,750 shares at $1.98 on 2024-12-16, bringing his holdings to 311,573 shares. This buy arrives amid a sharp drawdown from the 52-week high, with the stock now trading 32.1% below its peak and down 5.2% over 90 days. His prior buys at LOCL in October 2023 were well-timed at the 90-day mark, delivering +161.6% and +160.2% returns respectively, suggesting pattern recognition in entry points. Additionally, 2 other insiders also bought within the past 14 days, indicating a coordinated cluster buy. However, the company is deeply unprofitable with a net income of $-34,327,000.00 against quarterly revenue of $10,242,000.00, and the current stock price remains 32.1% off the 52-week high, warranting scrutiny of whether insider conviction aligns with fundamental recovery.

CEO Hurlbert buys 1,250 shares of LOCL at $1.39 on 2024-12-11; stock down 60.5% from 52-week high, company unprofitable with $-34.3M net loss.

Craig M. Hurlbert, Chief Executive Officer of Local Bounti Corporation/DE, purchased 1,250 shares at $1.39 on 2024-12-11, bringing his holdings to 308,823 shares. This buy occurs as LOCL trades at $1.28, down 60.5% from its 52-week high of $3.24 and down 45.5% over the past 30 days. The company remains unprofitable with a net loss of $-34.3M against quarterly revenue of $10.2M, though full-year revenue grew 41.5% year-over-year. Hurlbert's prior two open-market buys across all tickers averaged positive 90-day returns of 59.8% with a 100% win rate, and his two prior purchases at LOCL also showed strong 90-day performance (+60.2% and +59.4%), establishing a consistent pattern of well-timed accumulation at this ticker. The current purchase follows a significant stock decline and occurs against a backdrop of operational losses, making this acquisition an observable data point on insider positioning during the stock's depressed price period.