GTE's COO Sebastien Morin Purchases Company Shares
Sebastien Morin, COO of GTE, acquired 585 shares on June 16, 2026.
Key Points
- Sebastien Morin, COO of GTE, purchased 585 shares at $7.64 each on June 16, 2026, totaling $4,469.
- GTE shares traded near $7.34, with insider buying activity from multiple executives.
- Institutional investors like LM Asset Management and Two Sigma Investments increased their GTE holdings significantly.
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Sebastien Morin, the Chief Operating Officer of GTE, made a notable purchase of company shares recently. On June 16, 2026, Morin bought 585 shares at an average price of $7.64 each, bringing the total transaction value to approximately $4,469. This insider buying activity was not part of a pre-planned trading program.
Insider Buying and Selling at Gran Tierra Energy Inc.
The recent insider buying at GTE wasn't limited to Sebastien Morin. On the same day, other key executives also acquired shares. Jim Evans, EVP of Corporate Services, bought 176 shares, while Gary Guidry, the President and CEO, purchased 546 shares. Additionally, Phillip Abraham, EVP of Legal and Land, acquired 312 shares. These transactions were all executed at the same price of $7.64 per share.
Other Institutional Activity in GTE
Institutional investors have also been active in GTE. LM Asset Management Inc. increased its position by 354,000 shares, ending with 4,045,420 shares valued at approximately $36.3 million. Two Sigma Investments, LP made a substantial addition of 749,750 shares, bringing its total to 958,914 shares worth about $8.6 million. Meanwhile, D. E. Shaw & Co., Inc. grew its holdings by 628,185 shares, resulting in a total of 1,100,206 shares valued at roughly $9.9 million.
Analysts Set New Price Targets
Analysts have maintained their positions on GTE. On April 22, 2024, Canaccord Genuity maintained a 'buy' rating with a price target of $20. RBC Capital has consistently held a 'hold' rating, with the most recent target set at $10 as of March 13, 2024. The consensus among analysts suggests a stable outlook for GTE.
Bottom Line
The insider buying activity at GTE, especially from top executives like Sebastien Morin, signals confidence in the company's prospects. Institutional investors have also shown interest, with several funds increasing their stakes. While 13F filings and insider transactions provide a backward-looking view, they offer insights into how insiders and large investors perceive the company's future potential.
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