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EdgarHawk

PARNELL WILLIAM L. JR

Director

Director
6 filings analyzed · 1 company · Latest 2025-08-25

Companies

Company Buys Sells Direction
SOCKET MOBILE, INC. SCKT 8 0 Net buying

Activity

August 2025
2025-08-25 SOCKET MOBILE, INC. SCKT
low
Buy
3,500 shares
$3,448
Significance 3/10

Director Parnell buys 3,500 SCKT shares at $0.98; stock down 37.6% from 52-week high, post-purchase holdings 75,350 shares.

Director William L. Parnell Jr. purchased 3,500 shares at $0.98, increasing his holdings to 75,350 shares. The transaction occurs while SCKT trades 37.6% below its 52-week high of $1.62 and has declined 14.8% over the preceding 30 days. Examining Parnell's history at SCKT reveals a concerning pattern: 0 of his 5 prior purchases at this ticker achieved positive 90-day returns, with outcomes ranging from -15.2% to +3.1% over 30 days and -7.7% to -0.5% over 90 days. Broader cross-ticker data shows his 7 prior open-market buys averaged -3.6% 30-day return and +7.4% 90-day return with a 28.57% 90-day win rate, underperforming both his stock-specific track and typical insider benchmarks. The company reported a net loss of $792,141 in the latest quarter against $4,041,739 revenue, with full-year results also unprofitable. This purchase occurs in the context of persistent stock weakness, prior unsuccessful timing at the same ticker, and ongoing operational losses.

May 2025
2025-05-28 SOCKET MOBILE, INC. SCKT
medium
Buy
4,492 shares
$4,967
Significance 5/10

Director William L. Parnell Jr. bought 4,492 shares of SOCKET MOBILE at $1.11, raising stake to 71,850 shares amid stock down 32.1% from 52-week high.

PARNELL WILLIAM L. JR (Director) purchased 4,492 shares at $1.11 on 2025-05-23, increasing his holdings by 6.7% to 71,850 shares. This follows a series of three purchases within the prior three weeks (2025-04-29, 2025-04-30, 2025-05-01), demonstrating sustained accumulation at Socket Mobile. However, the stock currently trades at $1.10 (current price), -32.1% from its 52-week high of $1.62, with negative 30-day momentum of -6.8%. Fundamentally, the company is unprofitable with net income of $-994,140.00 against quarterly revenue of $3,965,920.00, though annual revenue grew 10.2% year-over-year. His prior transaction outcomes at this specific ticker show mixed results: the August 2024 purchase returned +33.3% at the 90-day mark, but the February 2025 purchase showed -3.9% at 30 days; three recent purchases lack measurable outcomes. The persistence of purchases despite recent price weakness and ongoing losses is notable, though the company's declining stock price and profitability challenges warrant investor scrutiny.

2025-05-01 SOCKET MOBILE, INC. SCKT
medium
Buy
8,618 shares
$10,408
Significance 6/10

Director Parnell buys 8,618 shares at $1.19–$1.22 for $10,408.31; prior SCKT trades well-timed at 90d.

Director William L. Parnell Jr. executed 2 separate purchases totaling 8,618 shares for $10,408.31 (blended average $1.21), increasing his holdings by 19.1% from 45,115 to 53,733 shares. His prior trades at Socket Mobile show a pattern of well-timed buying: both prior measurable buys (2024-08-23 and 2024-08-26) posted positive 90-day returns (+15.5% and +33.3% respectively), and his cross-ticker track record across 4 prior buys averages +39.1% at 90 days with a 100% win rate. However, the company remains unprofitable (net income $-1.1M on $3.9M quarterly revenue), operates at a $9.7M market cap, and the stock is currently -21.0% from its 52-week high despite a recent 30-day rally of +15.3%. The purchases at $1.19–$1.22 occur within the lower range of the 52-week spread ($0.93–$1.62), warranting monitoring of whether this director's historically successful timing pattern holds at a fundamentally challenged company.

2025-05-01 SOCKET MOBILE, INC. SCKT
high
Buy
13,625 shares
$17,197
Significance 6/10

Director Parnell buys 13,625 shares of Socket Mobile at $1.26; holdings surge 25.4% to 67,358 shares.

Director William L. Parnell Jr. purchased 13,625 shares at $1.26 on 2025-05-01, increasing his stake by 25.4% to 67,358 shares. This represents a material accumulation in a small-cap company (market cap $9.7M) that remains unprofitable (net income $-1.1M in latest quarter, negative full-year results) despite 10.2% annual revenue growth. The timing coincides with a 15.3% 30-day rally, though the stock remains 21.0% below its 52-week high. Notably, Parnell executed two additional buys on 2025-04-30 and 2025-04-29 immediately preceding this purchase, suggesting sustained conviction over a compressed timeframe. His broader cross-ticker track record shows a 100.00% 90-day win rate across 5 prior buys with +39.1% average return, though only 2 of 5 same-ticker trades at SCKT have measurable 90-day outcomes (both showing positive returns: +33.3% and +44.9%), limiting the statistical weight of ticker-specific patterns.

February 2025
2025-02-28 SOCKET MOBILE, INC. SCKT
high
Buy
13,115 shares
$15,417
Significance 6/10

Director Parnell buys 13,115 shares of SCKT at $1.18; holdings rise 41% amid -21% 90-day decline and -19.8% revenue fall.

Director William L. Parnell Jr. purchased 13,115 shares at $1.18 on 2025-02-28, increasing his stake by 41.0% from 32,000 to 45,115 shares. This represents meaningful accumulation at a price 8.6% below the current price of $1.28, but within a challenging context: the stock is down 21.0% from its 52-week high, down 21.0% over the 90-day window, and down 10.5% over 30 days. His prior two purchases at SCKT (on 2024-08-23 and 2024-08-26) both proved well-timed at the 90-day mark, with gains of 44.9% and 33.3% respectively. However, the company faces structural headwinds—annual revenue declined 19.8% year-over-year, the most recent quarter shows a $1.1M net loss on $3.9M revenue, and the company remains unprofitable. The timing of this purchase relative to deteriorating fundamentals presents a material tension: while the insider's historical track record at this ticker shows successful prior entries, the company's financial trajectory raises a substantive question about what fundamentals are driving conviction at this price point.

August 2024
2024-08-26 SOCKET MOBILE, INC. SCKT
medium
Buy
14,000 shares
$15,115
Significance 5/10

Director Parnell buys 14,000 shares ($15.1K) in two purchases at $1.02–$1.10; holdings increase 77.8% to 32.0K shares.

William L. Parnell Jr., a director at Socket Mobile, purchased 14,000 shares in two separate transactions over three days, averaging $1.08 per share and increasing his holdings by 77.8% from 18,000 to 32,000 shares. The purchases occurred at prices below the current $1.14, and well below the 52-week high of $1.52, though the stock is down 13.7% over the past 90 days. Socket Mobile is a micro-cap company ($8.7M market cap) with declining fundamentals: FY revenue contracted 19.8% year-over-year, the latest quarter shows $5.1M in revenue against a $-607.6K net loss, and the company was unprofitable over its most recent full fiscal year. A director adding materially to his stake in a struggling, micro-cap company warrants investor attention to the underlying business trajectory and any non-public context for the purchase.

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