Crocs Inc – (CROX, +1, Feb 22nd)
Thomas Smach (Chair since 2011) bought $1.1 million of stock on the 17th February at $86.35, increasing his holding by 7%. Despite his very long tenure this is his first ever purchase in the stock, he has also only ever made 1 purchase in his other two roles (Flex Ltd and Lighting Science Group).
Douglas Treff (Non Executive since 2016) bought $740,000 of stock on the same day, increasing his holding by 10%. His only previous purchase was for $367,000 at $23.73 in March 2020 which proved to be very well timed, it’s very interesting to see him now buying in twice the size at a price more than 3x higher. Whilst the shares have been extremely weak these are two very unusual buys from insiders.
We are ranking the stock +1.
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