GO's CFO Ferry Ian Daniel Buys Shares
GO's EVP, CFO and Treasurer, Ferry Ian Daniel, bought 19,339 shares.
Key Points
- Ferry Ian Daniel, EVP, CFO and Treasurer of GO, purchased 19,339 shares on June 15, 2026.
- Shares of GO traded near $9.62 with active institutional involvement from major funds.
- Analysts maintain a hold rating on GO with a target price around $9.
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Ferry Ian Daniel, the Executive Vice President, Chief Financial Officer, and Treasurer at GO, bought 19,339 shares of the company on June 15, 2026. This insider transaction wasn't part of a pre-planned trading program.
Other Institutional Activity in GO
T. Rowe Price Investment Management increased its holdings in GO by 2,869,865 shares, bringing its total to 18,633,810 shares valued at approximately $131.4 million. BlackRock, Inc. also added to its position, with an increase of 316,560 shares, resulting in 14,782,433 shares worth about $104.2 million. Vanguard Portfolio Management LLC entered a new position with 6,034,912 shares valued at $42.5 million. Meanwhile, FMR LLC significantly reduced its stake by 9,714,605 shares, leaving it with 5,004,794 shares valued at $35.3 million.
Insider Buying and Selling at Grocery Outlet Holding Corp.
On June 15, 2026, several insiders at GO made purchases. Ferry Ian Daniel bought 19,339 shares, while Susan Michelle Leary, Senior Vice President of Accounting, acquired 6,650 shares. Paul Blaine Miller, Executive Vice President and Chief Purchasing & Merchandising Officer, purchased 41,146 shares. None of these transactions were part of a Rule 10b5-1 plan.
Analysts Set New Price Targets
On May 14, 2026, DA Davidson, TD Cowen, and Wells Fargo all maintained their hold ratings on GO, with price targets of $9, $8, and $9, respectively. The consensus among analysts is a hold recommendation, with an average target price of around $9, based on multiple analyst opinions.
Bottom Line
Insider buying often signals confidence in a company's future, as seen with Ferry Ian Daniel's recent purchase. However, it's important to note that 13F filings and insider trades are backward-looking and may not reflect current positions. Investors keep an eye on such moves to gauge sentiment and potential future performance.
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This instant news alert was generated by automated narrative technology and financial data from Podchat and public regulatory filings. It is for informational purposes only and is not financial advice.