Edible Garden (NASDAQ:EDBL) Major Shareholder Buys $13,101.14 in Stock

Edible Garden AG Incorporated (NASDAQ:EDBLGet Free Report) major shareholder Financial Lp Hrt acquired 100,778 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average price of $0.13 per share, with a total value of $13,101.14. Following the transaction, the insider owned 810,429 shares in the company, valued at $105,355.77. This represents a 14.20% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Financial Lp Hrt also recently made the following trade(s):

  • On Tuesday, July 7th, Financial Lp Hrt sold 537,670 shares of Edible Garden stock. The shares were sold at an average price of $0.10, for a total transaction of $53,767.00.
  • On Monday, July 6th, Financial Lp Hrt bought 49,552 shares of Edible Garden stock. The stock was purchased at an average price of $0.12 per share, for a total transaction of $5,946.24.
  • On Wednesday, July 1st, Financial Lp Hrt purchased 266,482 shares of Edible Garden stock. The shares were purchased at an average cost of $0.17 per share, for a total transaction of $45,301.94.

Edible Garden Price Performance

Shares of NASDAQ EDBL opened at $0.12 on Friday. The company has a market cap of $634,520.00, a PE ratio of -0.00 and a beta of 1.70. Edible Garden AG Incorporated has a 12 month low of $0.08 and a 12 month high of $27.80. The company has a 50-day simple moving average of $0.25 and a 200-day simple moving average of $2.44.

Edible Garden (NASDAQ:EDBLGet Free Report) last posted its quarterly earnings data on Friday, May 15th. The company reported ($5.25) earnings per share for the quarter. The firm had revenue of $3.34 million for the quarter.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on EDBL. Maxim Group reduced their price target on Edible Garden to $1.00 and set a “buy” rating on the stock in a research note on Monday, June 15th. Weiss Ratings raised Edible Garden from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Edible Garden has an average rating of “Hold” and an average price target of $1.00.

Check Out Our Latest Research Report on EDBL

Hedge Funds Weigh In On Edible Garden

An institutional investor recently raised its stake in Edible Garden stock. Cetera Investment Advisers increased its holdings in shares of Edible Garden AG Incorporated (NASDAQ:EDBLFree Report) by 861.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 96,150 shares of the company’s stock after purchasing an additional 86,150 shares during the quarter. Cetera Investment Advisers owned 16.19% of Edible Garden worth $58,000 as of its most recent filing with the SEC. Institutional investors own 12.99% of the company’s stock.

About Edible Garden

(Get Free Report)

Edible Garden AG, trading on the Nasdaq under the ticker EDBL, is a technology-enabled agriculture company specializing in the design, construction and operation of hydroponic greenhouse farms. By leveraging controlled-environment agriculture techniques and proprietary automation systems, the company produces a range of leafy greens and salad‐related vegetables, including branded Salanova products, for wholesale distribution to retailers, food service operators and distributors.

In addition to farm ownership and produce cultivation, Edible Garden develops and licenses its modular greenhouse technology and cultivation methods to third parties.

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