CFO Keyes bought 50,000 QSI shares at $0.87; stock down 62.2% from 52-week high, company unprofitable with -$23.1M net income.
Keyes Jeffry R., CFO, purchased 50,000 shares at $0.87 on 2024-08-09, increasing his holdings by 12.6% to 446,820 shares. The purchase occurs in a depressed price environment: QSI trades at $0.91, down 62.2% from its 52-week high of $2.41 and 51.1% lower over the past 90 days. Fundamentally, the company is severely distressed, reporting a net loss of $-23.1M against quarterly revenue of $622.0K. Keyes' own historical buy pattern at this ticker is not encouraging: his prior March 2024 purchase showed a 90-day return of -6.8%, and his cross-ticker track record shows a 0.00% 90-day win rate. The purchase is part of a broader insider cluster, with 3 other insiders also buying within the past 14 days. While cluster activity can reflect management conviction, it also warrants scrutiny given the company's severe financial deterioration and the CFO's poor prior execution timing in this exact position.