high
Buy
20,512 shares
$97,432
Significance
6/10
Clene CSO Mortenson bought 20,512 shares at $4.75 (Sept 30); cluster pattern: 2 other insiders bought within 14 days
Mortenson purchased 20,512 shares at $4.75 on 2024-09-30, expanding his holdings from 8,437 to 28,949 shares—a 243.1% increase in position size. The transaction occurred as the stock traded 57.8% below its 52-week high of $10.90 and has declined 29.8% over the past 90 days. Notably, 2 other insiders also purchased shares within the same 14-day window, forming a cluster buy pattern. However, the company remains unprofitable with a net income of $-6.8M over the latest full fiscal year, and near-term revenue of $91.0K in the latest quarter raises questions about business momentum despite 38.3% annual revenue growth.