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EdgarHawk

Sturgeon Patrick A

Director

Director
6 filings analyzed · 1 company · Latest 2024-09-10

Companies

Company Buys Sells Direction
Carmell Corp XAGE 9 0 Net buying

Activity

September 2024
2024-09-10 Carmell Corp XAGE
medium
Buy
1,261 shares
$643
Significance 4/10

Director Sturgeon bought 1,261 shares of CTCX at $0.51 on 2024-09-06; stock now $0.47, down 90.4% from 52-week high.

Sturgeon Patrick A, a director, purchased 1,261 shares at $0.51 per share on September 6, 2024, adding to his holdings after five consecutive buys over the prior five trading days (August 26–30). The stock has collapsed since: currently trading at $0.47 (down 90.4% from its 52-week high of $4.87) and down 55.2% in just 30 days. Carmell Corp is unprofitable, posting $-3.3M net income for its most recent full fiscal year on minimal $12.3K quarterly revenue, and carries a market cap of only $9.8M. The pattern of daily accumulation combined with cluster buying from 5 other insiders within 14 days suggests coordinated action, though the fundamental deterioration and severe price decline underscore the material risk underlying the position.

2024-09-04 Carmell Corp XAGE
medium
Buy
109 shares
$62
Significance 3/10

Director Sturgeon Patrick A buys 109 shares of CTCX at $0.57 on 2024-08-30; stock down 88.5% from 52-week high, cluster of 5 other insiders buying simultaneously.

Director Sturgeon Patrick A purchased 109 shares at $0.57 on 2024-08-30, bringing holdings to 16,790 shares, in a pattern where 5 other insiders also bought within the past 14 days. The purchase occurs as CTCX trades at $0.56, down 88.5% from its 52-week high of $4.87 and down 50.0% over the prior 30 days, while the company reported negative full-year net income of $-3,304,538.00 against quarterly revenue of $12,320.00. The timing of this buy follows four additional purchases by the same director on 2024-08-29, 2024-08-28, 2024-08-27, and 2024-08-26, suggesting sustained accumulation through a period of significant stock decline. While the insider's cross-ticker track record shows a 36.36% 90-day win rate, outcomes at CTCX for all 5 recent purchases remain unmeasurable, and the broader context of unprofitability and steep drawdown warrants investor attention to the underlying business fundamentals.

August 2024
2024-08-30 Carmell Corp XAGE
high
Buy
1,622 shares
$908
Significance 5/10

Director Sturgeon Patrick A purchased 1,622 shares at $0.56 across 2 transactions; stock down -39.6% in 30 days, -74.3% in 90 days.

Patrick Sturgeon made two separate purchases totaling 1,622 shares for $908.32 at a blended average price of $0.56 over two consecutive trading days (2024-08-28 and 2024-08-29), increasing his holdings by 10.8% to 16,681 shares. The timing is notable given that the stock has declined sharply since his purchase—down -39.6% over 30 days and -74.3% over 90 days from the time of the Form 4 filing. A cluster pattern is evident, with 6 other insiders also buying within the past 14 days, suggesting coordinated activity. The broader context is concerning: the company posted a $-3.3M net loss in its most recent quarter against revenue of $12.3K, and the stock has collapsed to $0.64 (now -86.9% below its 52-week high of $4.87), raising questions about fundamental deterioration.

2024-08-29 Carmell Corp XAGE
medium
Buy
1,587 shares
$1,127
Significance 5/10

Director Patrick A Sturgeon bought 1,587 shares of CTCX at $0.71 on 2024-08-27 as part of 6-insider cluster; stock now -88.7% from 52-week high.

Patrick A Sturgeon, a director, purchased 1,587 shares at $0.71 on 2024-08-27, increasing holdings by 11.8% to 15,059 shares post-transaction. This buy occurs within a cluster of 6 other insiders purchasing within the past 14 days, suggesting coordinated activity. However, the broader context is concerning: the stock has declined -88.7% from its 52-week high of $4.87 and -50.4% over the past 30 days, while the company posted a net loss of $-3,304,538 on quarterly revenue of $12,320.00. Sturgeon's prior cross-ticker track record shows 16 buys with a 36.36% win rate at 90 days, and his five prior purchases at CTCX (all within August 2024) do not yet have measurable outcomes. The clustering, combined with severe price deterioration and negative earnings, suggests the buys may reflect management's assessment of valuation, but the lack of demonstrated timing success at this ticker and the company's unprofitability warrant attention to execution risk.

2024-08-26 Carmell Corp XAGE
medium
Buy
3,174 shares
$2,285
Significance 5/10

Director Sturgeon bought 3,174 shares at $0.72 in two transactions; stock down 85.4% from 52-week high.

Sturgeon Patrick A, Director of Carmell Corp (CTCX), executed two separate purchases totaling 3,174 shares for $2,285.28 on August 23 and 26, 2024, at a blended average price of $0.72. The stock is currently trading at $0.71, down 85.4% from its 52-week high and -29.0% over the past 30 days. His holdings increased 30.8% through these purchases. Prior transactions at CTCX show mixed timing outcomes—one prior buy in December 2023 achieved a +220.8% 90-day return, but three others recorded losses ranging from -2.6% to -57.6% over the same period; only 1 of 4 measurable prior trades at this ticker were well-timed. The company reported a latest quarterly revenue of $12,320.00 with a net income of $-3,304,538.00, indicating ongoing unprofitability. A cluster pattern is present with 2 other insiders also purchasing within the prior 14 days, suggesting coordinated confidence at depressed valuations, though the company's persistent losses and the insider's own mixed historical outcomes at this ticker constrain the signal strength.

2024-08-23 Carmell Corp XAGE
medium
Buy
3,571 shares
$1,300
Significance 3/10

Director Patrick A Sturgeon bought 3,571 shares at blended avg $0.36, holding now 10,298 shares (+53.1%), amid steep 90-day -72.0% decline and unprofitable fundamentals.

Patrick A Sturgeon, Director at Carmell Corp, made 2 separate purchases totaling 3,571 shares for $1,299.77 at prices of $0.08 (1,984 shares on 2024-08-21) and $0.72 (1,587 shares on 2023-12-15), increasing his holding by 53.1% to 10,298 shares. The timing of these purchases is notable: his prior 5 trades at CTCX show a 0 of 4 well-timed record at the 90-day mark, with prior buys declining -10.6% to -57.6% over 90 days post-purchase. Current context shows the stock down -72.0% over 90 days and -85.2% from its 52-week high of $4.87, while the company reported $12.3K in latest-quarter revenue against a $-3.3M net loss and remains unprofitable on a full-year basis. A cluster pattern is present with 2 other insiders buying within the past 14 days. The combination of substantial position increase at depressed levels, poor prior execution at this ticker, and deteriorating fundamentals suggests this represents accumulation during distress rather than a positive signal of operational recovery.

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