Jim Evans Buys Shares of GTE
Jim Evans, EVP of Corporate Services at GTE, purchased 176 shares on June 16.
Key Points
- Jim Evans, EVP of Corporate Services at GTE, bought 176 shares valued at $1,344.64 on June 16, 2026.
- GTE shares are currently trading at $7.34, reflecting recent insider interest.
- Recent insider buying at GTE includes purchases by top executives, indicating confidence in the company.
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Jim Evans, the Executive Vice President of Corporate Services at GTE, recently bought 176 shares of the company on June 16, 2026. The shares were purchased at an average price of $7.64, bringing the total transaction value to $1,344.64. This transaction was not conducted under a pre-planned trading program.
Other Institutional Activity in GTE
Several institutional investors have also been active in GTE recently. LM Asset Management Inc. increased its holdings by 354,000 shares, bringing its total to 4,045,420 shares valued at approximately $36,287,417. D. E. Shaw & Co., Inc. made a significant addition of 628,185 shares, ending with 1,100,206 shares worth about $9,868,847. Meanwhile, Two Sigma Investments, LP boosted its position by 749,750 shares, now holding 958,914 shares valued at $8,601,459. Renaissance Technologies LLC added 16,300 shares, resulting in a total of 776,680 shares valued at $6,966,820.
Insider Buying and Selling at Gran Tierra Energy Inc.
On June 16, 2026, several other executives at GTE also purchased shares. Chief Operating Officer Sebastien Morin acquired 585 shares, President and CEO Gary Guidry bought 546 shares, and EVP of Legal and Land Phillip Abraham purchased 312 shares. These transactions, like Evans', were not part of any pre-arranged trading plans.
Analysts Set New Price Targets
Canaccord Genuity has maintained a 'buy' rating for GTE, with the most recent price target set at $20.00 as of April 22, 2024. RBC Capital has consistently held a 'hold' rating, with its latest target at $10.00 on March 13, 2024. These ratings suggest varying perspectives on GTE's future performance among analysts.
Bottom Line
The recent insider buying activity at GTE, including purchases by top executives, suggests a strong vote of confidence in the company's prospects. Institutional investors have also been adjusting their positions, reflecting diverse strategies. While insider transactions offer insight into management's view, they are not predictive of future stock performance.
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