Chief Accounting Officer Joseph Max Meisinger buys 1,445 shares at $13.87 amid 5-insider cluster buy at unprofitable BOC.
Meisinger increased his holdings by 12.9% through the purchase of 1,445 shares at $13.87 on 2024-06-14, raising his position to 12,674 shares. The transaction occurred within a cluster pattern: 5 other insiders also purchased shares within the same 14-day window. While the company reported revenue growth of 18.5% year-over-year, it remains unprofitable with a full-year net income of $-2.8M and most recent quarterly net income of $-2.8M. The stock is currently trading at $13.73, down 31.1% from its 52-week high of $19.94, providing context for the timing of these insider acquisitions. The concentrated buying pattern across multiple insiders warrants attention to whether this reflects optimism about turnaround potential or merely opportunistic accumulation at depressed levels.