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Quiroga Cortes Isidoro Alfonso

4 filings analyzed · 1 company · Latest 2024-08-21

Companies

Company Buys Sells Direction
FTC Solar, Inc. FTCI 8 0 Net buying

Activity

August 2024
2024-08-21 FTC Solar, Inc. FTCI
medium
Buy
190,000 shares
$47,800
Significance 4/10

Insider Quiroga Cortes purchases 190,000 shares at $0.25–$0.26 amid -87.0% decline from 52-week high; 5 FTCI buys in past week signal continued accumulation.

Quiroga Cortes executed 2 purchases totaling 190,000 shares for $47,800.00 on consecutive days (August 19–20, 2024), increasing his holdings by 190,000 shares (+8.4% vs pre-transaction holdings of 2,251,740 shares) to 2,441,740 shares post-transaction. This purchase came at prices of $0.25 and $0.26, while the stock currently trades at $2.68, down 87.0% from its 52-week high of $20.70 and down 29.7% over the past 30 days. The timing is notable given that this transaction is part of a cluster: SAME-TICKER HISTORY reveals 5 prior buys at FTCI within the past week (August 13–16), all occurring as the stock has collapsed. However, cross-ticker track record data (6 prior buys, 1 prior sell) shows none of his measurable outcomes demonstrate well-timed execution, and same-ticker timing pattern shows 0 of 0 prior buys were well-timed at the 90-day mark. Fundamentals show the company is unprofitable with net income of $-12,241,000.00 against revenue of $11,430,000.00 in the latest quarter, adding context to the depressed valuation at which the insider is accumulating shares.

2024-08-20 FTC Solar, Inc. FTCI
medium
Buy
306,048 shares
$75,452
Significance 4/10

Insider Quiroga Cortes bought 306,048 shares at blended avg $0.25 across 2 transactions, raising stake 15.7% to 2.25M shares amid -86.6% price decline from 52-week high.

Quiroga Cortes Isidoro Alfonso purchased 306,048 shares totaling $75,451.52 across two transactions on 2024-08-15 and 2024-08-16 at $0.24 and $0.25 respectively, expanding his holding by 15.7% from 1,945,692 shares to 2.25M shares. The acquisitions occurred at deeply depressed levels relative to the 52-week range ($2.11–$20.70), with the stock now trading at $2.78, representing -86.6% from its 52-week high and -28.7% over the past 30 days. The company reported revenue of $11.4M in its latest quarter but posted a net loss of $-12.2M, with full-year profitability in the red, alongside modest annual revenue growth of +3.2%. Investors should note that while the insider has 5 prior consecutive buy transactions at FTCI within days of this filing, none of those trades have yet measurable 30- or 90-day return outcomes, and his cross-ticker sell track record shows a 0.00% well-timed rate, limiting any backward-looking inference about his timing accuracy.

2024-08-16 FTC Solar, Inc. FTCI
high
Buy
325,289 shares
$81,362
Significance 6/10

FTC Solar CFO Isidoro Quiroga acquires 325,289 shares in 2 transactions for $81,361.77 after 88.9% stock decline.

Isidoro Quiroga Cortes, an FTC Solar insider, completed 2 separate purchases totaling 325,289 shares for $81,361.77 on 2024-08-14 and 2024-08-15 at an average price of $0.25 per share, increasing his holdings by 20.1% to 1,945,692 shares. The purchase occurs in a stock trading at $2.37, down 88.9% from its 52-week high of $21.40 and down 43.7% over the past 30 days. FTC Solar reported net income of $-12,241,000.00 (negative) in its latest quarter, with minimal revenue of $11,430,000.00 and low 3.2% annual growth, indicating a financially distressed company. Across his open-market history at other tickers, Quiroga has 4 prior buys but only 1 prior sell, which returned +68.7% over 30 days; however, at FTCI specifically, his 4 prior trades (all buys, including these two filings) have not yet produced measurable outcomes. The sustained accumulation in a deeply depressed stock by a company officer, set against material losses and minimal revenue growth, merits monitoring of whether this represents a high-conviction position or reflects constrained liquidity circumstances.

2024-08-15 FTC Solar, Inc. FTCI
medium
Buy
540,000 shares
$118,800
Significance 4/10

Insider Quiroga Cortes Isidoro Alfonso buys 540,000 shares of FTCI at $0.22; stock now at $2.40, down 89.6% from 52-week high.

Quiroga Cortes Isidoro Alfonso purchased 540,000 shares across 2 transactions totaling $118,800.00 at an average price of $0.22 per share, increasing his holdings by 50.0% to 1,620,403 shares post-transaction. The stock is currently trading at $2.40, approximately 10.9 times the transaction price, though this reflects a -89.6% decline from its 52-week high of $23.10 and a -42.2% 30-day decline. FTC Solar remains unprofitable with a net income of $-12,241,000.00 against revenue of $11,430,000.00 in the latest quarter. At the cross-ticker level, the insider's 1 prior sell had an average 90-day return of +68.7%, poorly timed (stock rose after), and his 3 prior buys provide limited precedent for assessing consistency. These purchases represent a significant position increase but occur within a deteriorating price environment and at a company operating at substantial losses.

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