Priyen Patel Sells Shares of Latch, Inc.
Priyen Patel, Chief Strategy & Legal Officer, sold 3,447 shares of Latch, Inc.
Key Points
- Priyen Patel, Chief Strategy & Legal Officer of Latch, Inc., sold 3,447 shares at $0.14 each, totaling $482.58 on June 3, 2026.
- Latch, Inc. traded at $0.19 on Wednesday, with a market cap of approximately $29.57 million and a 52-week range of $0.05 to $0.30.
- Insider transactions included sales by CFO Jeffrey Mayfield and CTO Ryan Salmons, while CEO David Lillis made both purchases and sales.
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On June 3, 2026, Priyen Patel, the Chief Strategy & Legal Officer at Latch, Inc. (OTC:LTCH), sold 3,447 shares of the company at an average price of $0.14 per share. This transaction totaled $482.58. The sale was not part of a pre-planned transaction.
Insider Buying and Selling at Latch, Inc.
Priyen Patel wasn't the only executive trading Latch shares recently. On June 12, 2026, Jeffrey Mayfield, the Chief Financial Officer, sold 34,618 shares at $0.20 each. Ryan Salmons, the Chief Product & Technology Officer, also sold 59,895 shares at the same price. In contrast, Salmons purchased 500,000 shares on the same day at a price not disclosed. Meanwhile, David Lillis, the CEO, made a notable trade by buying 968,179 shares and selling 257,816 shares, both at $0.20.
Latch, Inc. Stock Up 8.6%
Shares of Latch, Inc. traded near $0.19 on Wednesday. The company has a market capitalization of approximately $29.57 million. With a 52-week low of $0.05 and a high of $0.30, the stock's 50-day moving average is $0.19, while the 200-day moving average is $0.17. Latch has a beta of 1.332, indicating its volatility relative to the market. The company currently has a current ratio of 2.053 and a quick ratio of 1.36, but its debt-to-equity ratio is quite high at 12.232.
$LTCH stock price
Daily closing prices, year to date. Not investment advice.
About Latch, Inc.
Latch, Inc. is a technology company based in Olivette, Missouri. It provides an integrated ecosystem of hardware, software, and services in the U.S. and Canada. The company's flagship product, the DOOR Platform, is a cloud-based software-as-a-service that manages smart access control devices like locks and intercoms. Latch serves real estate developers, builders, and property managers, offering both hardware and software solutions to enhance building security and operations. Led by CEO Mr. Priyen Patel, Latch employs about 120 people.
Bottom Line
Priyen Patel's recent sale of Latch, Inc. shares highlights ongoing insider trading activity within the company. Investors often track such transactions to gauge insider sentiment, but it's important to note that these trades are not necessarily indicative of the company's future performance. As always, remember that 13F filings and insider transactions provide a backward-looking view and may not reflect current holdings or intentions.
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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.