Director Shahani Sudhin purchased 17,237 shares of SRFM at $3.43 on 2024-12-23, increasing stake to 360,877 shares (+5.0%)
Director Shahani Sudhin purchased 17,237 shares at $3.43 on 2024-12-23, representing a 5.0% increase to his post-transaction holdings of 360,877 shares. The transaction occurred during a period of significant volatility: the stock is currently trading at $5.49, down 49.4% from its 52-week high of $10.85, yet up 57.8% over the preceding 30 days and up 312.8% over 90 days. SRFM is currently unprofitable with a net income of -$12,225,000.00 in its most recent full fiscal year and a net loss of -$12,225,000.00 in the latest quarter, though the company has demonstrated strong revenue growth of 198.4% year-over-year with quarterly revenue of $28,386,000.00. The insider's acquisition of shares at $3.43, well below the current price of $5.49, occurs against a backdrop of this unprofitable but rapidly growing company navigating significant stock price volatility.