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EdgarHawk

Kahn Roger E.

President and CEO

Director Officer 10% Owner
7 filings analyzed · 1 company · Latest 2026-03-11

Companies

Company Buys Sells Direction
Bridgeline Digital, Inc. BLIN 16 0 Net buying

Activity

March 2026
medium
Buy
10,000 shares
$9,300
Significance 3/10

BLIN President/CEO Kahn purchases 10,000 shares at $0.93 (current $0.99); three buys in five days; stock -53.7% from 52-week high.

Roger E. Kahn purchased 10,000 shares at $0.93 on 2026-03-10, following two prior buys on 2026-02-19, 2026-02-18, and 2026-02-17—a rapid clustering of acquisitions within days. His holdings grew to 1.77M shares post-transaction (+0.6% vs prior). The stock trades 53.7% below its 52-week high of $2.14, having recovered +32.0% over 30 days, but across his prior five trades at BLIN, zero of the measurable outcomes showed positive 90-day performance (ranging from -0.7% to -31.5%). Fundamentally, the company posted quarterly revenue of $3.9M with a net loss of $-86.0K and negligible annual growth of +0.2%, alongside full-year unprofitability. The rapid sequence of small purchases amid weak fundamentals and a poor track record of post-purchase gains at this ticker does not demonstrate conviction aligned with stock-price recovery.

February 2026
low
Buy
54,301 shares
$42,206
Significance 3/10

BLIN CEO Kahn bought 54,301 shares for $42,205.75 over 3 days (Feb 17-19, 2026) at $0.78 avg; holds 1.76M post-transaction.

Roger E. Kahn, President and CEO, executed 3 separate purchases totaling 54,301 shares for $42,205.75 between 2026-02-17 and 2026-02-19 at a blended average price of $0.78, raising his holdings to 1,763,736 shares. The current price of $0.90 is 57.9% below the 52-week high of $2.14, placing the stock in the lower end of its annual range. Kahn's prior 5 open-market buys at BLIN all registered negative 90-day returns, with 0 of 5 achieving positive returns post-purchase; his cross-ticker track record shows a 10% win rate over 20 prior buys, with a 90-day average return of -9.1%. Bridgeline Digital's fundamentals remain stressed: the latest quarter revenue was $3,913,000.00, net income was negative at $-86,000.00, and the company posted near-flat annual revenue growth of +0.2% while remaining unprofitable for the full fiscal year.

August 2025
low
Buy
54,500 shares
$77,010
Significance 3/10

CEO Kahn buys 54,500 shares (54.5K) across 2 purchases for $77,010.00 (blended $1.41); stock down -7.5% in 30 days, -12.3% in 90 days.

President and CEO Roger E. Kahn executed 2 separate open-market purchases totaling 54,500 shares (54.5K shares) for $77,010.00 ($77.0K) on 2025-06-20 and 2025-08-26, expanding his holdings from 1,242,289 shares to 1.30M shares. However, his prior 5 trades at BLIN show a persistent pattern of poor timing: 0 of 5 prior buys delivered a positive 90-day return, with losses ranging from -1.3% to -13.6% over the 90-day window. Against this history, the current stock price of $1.36 sits -42.1% from the 52-week high, and the company reported negative net income of $-789,000.00 (quarterly) alongside -3.3% annual revenue decline. While the CEO's continued purchases suggest internal positioning, his prior trading pattern at this ticker and the company's unprofitable fundamentals provide limited conviction signals for external investors.

May 2025
high
Buy
100,100 shares
$155,591
Significance 7/10

BLIN CEO Kahn purchases 100,100 shares for $155,591.00 across 7 transactions; now holds 1,156,387 shares.

CEO Roger E. Kahn executed 7 separate purchases totaling 100,100 shares for $155,591.00 at a blended average price of $1.55, raising his holdings from 1,056,287 to 1,156,387 shares (a +9.5% increase). This is a material accumulation by the company's chief executive. At his prior trades at BLIN, his timing has been mixed: two of four measurable outcomes showed positive 90-day returns (+26.4% and +29.4%), but two showed declines (-12.6% and -10.0%), indicating inconsistent predictive power at this ticker. The current stock price of $1.50 sits 36.2% below its 52-week high of $2.35, having declined 10.2% over the past 30 days. Fundamentally, the company is unprofitable (net income $-730,000.00 for the latest quarter, with annual revenue declining 3.3% year-over-year) and carries a market cap of $17,874,882.00. The purchase price ($1.55 blended) is above the current price ($1.50), meaning the executive is underwater on this filing already. Investors should monitor whether this accumulation represents confidence in a turnaround or simply reflects the CEO's continued commitment despite deteriorating operational performance.

March 2025
medium
Buy
33,334 shares
$50,668
Significance 5/10

CEO Roger E. Kahn buys 33,334 shares of BLIN at $1.52; stock down 37.4% from 52-week high, company unprofitable with -3.3% annual revenue decline.

CEO Roger E. Kahn purchased 33,334 shares at $1.52 on 2025-03-26, bringing his holdings to 1,056,287 shares, in a context where Bridgeline Digital trades at $1.47, down 37.4% from its 52-week high of $2.35. The company reported $3,791,000 quarterly revenue with a net loss of $-634,000, and full-year revenue declined 3.3% year-over-year. A cluster of two other insider buys within the past 14 days suggests coordinated executive confidence. However, Kahn's own cross-ticker track record shows a 90-day win rate of only 10.00% with a -13.1% average 90-day return, while his same-ticker history at BLIN reveals mixed timing: 2 of 5 prior buys were well-timed, including recent purchases on 2024-09-13 and 2024-08-20 that returned +26.4% and +29.4% respectively over 90 days. The transaction warrants attention given the company's unprofitable state and depressed valuation, though management's accumulation alongside peer purchases and positive same-ticker recent outcomes provide some counterweight to weak overall timing discipline.

September 2024
medium
Buy
2,500 shares
$2,600
Significance 3/10

CEO Kahn purchases 2,500 shares of BLIN at $1.04; holds 997,808 post-transaction amid unprofitable operations and -5.6% annual revenue decline.

CEO Roger E. Kahn purchased 2,500 shares at $1.04 on 2024-09-13, expanding his position to 997,808 shares. This follows a prior buy on 2024-08-20, both occurring while Bridgeline Digital reports negative fundamentals: most recent quarter generated $3.9M revenue with a net loss of $-305.0K, and annual revenue contracted 5.6% year-over-year. At the same ticker, his 5 prior recorded trades (2023–2024) show a 0% well-timed rate at the 90-day mark, with outcomes ranging from -7.4% to -16.6% over 90 days. The current stock price of $1.13 sits -17.5% from its 52-week high, though up 27.0% over the past 30 days; the transaction price of $1.04 reflects this recent rally context. The repetitive purchase pattern into a loss-making, declining-revenue company without demonstrated timing success at this ticker warrants attention to whether the insider has material information not yet reflected in public disclosures.

August 2024
medium
Buy
60,000 shares
$51,000
Significance 3/10

BLIN CEO Kahn buys 60.0K shares at $0.85; stock down 8.9% in 30 days, all 5 prior BLIN buys showed 90-day losses.

Roger E. Kahn, President and CEO, purchased 60,000 shares of Bridgeline Digital at $0.85 on 2024-08-20, increasing his holdings to 995,308 shares. The stock is currently trading at $0.89, down 8.9% over 30 days and 24.6% over 90 days from the transaction date. More notably, his prior trading history at BLIN shows an unfavorable pattern: 0 of his 5 previous buys at this ticker were well-timed at the 90-day mark, with returns ranging from -2.2% to -16.6% over 30 days and -10.0% to -15.6% over 90 days. The company's fundamentals remain stressed: latest quarterly revenue stands at $3.9M with net income of -$305.0K, and annual revenue declined 5.6% year-over-year with the company unprofitable over its most recent full fiscal year. This purchase pattern—repeated accumulation despite consistent subsequent losses and deteriorating operational metrics—merits scrutiny, though it is indeterminate whether the CEO is signaling investment conviction or responding to specific strategic factors beyond the available data.

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