Lovesac Co (LOVE US, +1, 02-Jan-24)
Andrew Heyer (Chair since 2017) purchased $237,000 of stock on the 27th of December at $26, increasing his stake by 3%. Whilst a modest purchase relative to his holding and historical sales, he has been a rare buyer with an excellent record with well-timed purchases at $14.29 in Dec 2019 and $12.81 in Jan 2020.
More recently he bought stock at $22.28 in January 2023 which contributed to a +N ranking and it’s interesting to see him now buying at a higher level. He is the founder and CEO of Mistral Equity Partners.
John Grafer (Director since 2017) purchased $3.9 million worth of stock on December 12th at $25.46, his first purchase. The purchase is indirect for Satori Capital which has been an investor since before the IPO in 2018 ($16 per share) and has made several sales since the IPO, most recently in late 2021 at much higher prices. These are two interesting purchases.
We are ranking the stock +1.
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