Scott Wolinsky Increases Stake in Edible Garden AG
Scott Wolinsky acquired 950,000 shares of Edible Garden AG, reflecting a significant investment.
Key Points
- Scott Wolinsky bought 950,000 shares of Edible Garden AG on June 15, 2026, for $0.23 each, totaling $218,500.
- Edible Garden AG has a market cap of about $2.02 million, with a 52-week high of $28.5 and a low of $0.18.
- Maxim Group maintained a 'buy' rating for Edible Garden AG with a $1.00 target on June 15, 2026.
Important disclosure: Podchat is not a registered investment adviser, broker-dealer, or financial planner. This article is for informational and educational purposes only and is not a recommendation to buy, sell, or hold any security. Content may be generated by automated systems using public filings, market data, and third-party sources, and may contain errors or omissions. Investing involves risk, including possible loss of principal. Past performance, insider activity, analyst ratings, price targets, sentiment scores, and hypothetical or backtested results are not guarantees of future performance. Please do your own research and consult a qualified professional before making investment decisions.
Scott Wolinsky, an insider at Edible Garden AG Incorporated, made a notable purchase of 950,000 shares on June 15, 2026. The shares were bought at an average price of $0.23 each, amounting to a total investment of $218,500. This transaction was not part of a pre-arranged trading plan.
Insider Buying and Selling at Edible Garden AG Incorporated
Scott Wolinsky has been actively increasing his holdings in Edible Garden AG over the past few weeks. In addition to the recent purchase, he bought 150,000 shares at $0.19 on June 5, 500,000 shares at $0.21 on June 3, and 400,000 shares at $0.22 on June 1. Earlier, on May 27, he acquired 150,000 shares at $0.27.
Other Institutional Activity in Edible Garden AG
Several other institutional investors have also shown interest in Edible Garden AG. Geode Capital Management, LLC, increased its position by 15,570 shares, reaching a total of 15,570 shares valued at about $17,904. Vanguard Fiduciary Trust Co added 2,780 shares, ending with 2,780 shares worth approximately $3,197. UBS Group AG increased its holdings by 481 shares to 1,623 shares, valued at $1,866. Osaic Holdings, Inc. and Tower Research Capital LLC (TRC) both added to their positions as well.
Edible Garden AG Incorporated Stock Down 85.4%
Shares of NasdaqCM:EDBL traded around $0.23 recently. Edible Garden AG has a market capitalization of approximately $2.02 million. The stock's 52-week range is between $0.18 and $28.5. It has a 50-day moving average of $0.50 and a 200-day moving average of $7.99. The company's beta is 1.695, indicating higher volatility compared to the market.
Recent Earnings
Edible Garden AG reported revenue of $13.43 million, with a revenue growth rate of 22.9%. However, the company is not currently profitable, with a negative net margin of -131.6% and a return on equity of -328.8%. The next earnings release is expected on August 13, 2026.
Analysts Set New Price Targets
On June 15, 2026, Maxim Group maintained its 'buy' rating for Edible Garden AG and set a price target of $1.00. The stock has a consensus recommendation of 'buy' with an average target price of $1.00.
About Edible Garden AG Incorporated
Edible Garden AG Incorporated operates as a controlled environment agriculture farming company in the Consumer Defensive sector, specifically within the Farm Products industry. Based in Belvidere, New Jersey, the company produces a variety of packaged herbs and salad kits, including cilantro, rosemary, mint, and various lettuce blends. Founded in 2020, Edible Garden AG markets its products to regional and national supermarkets. The company is led by CEO Mr. James E. Kras and employs approximately 94 people.
Bottom Line
Scott Wolinsky's purchase of a substantial number of shares in Edible Garden AG highlights ongoing interest in the company. While the stock has faced significant volatility, as indicated by its wide 52-week range, institutional activity suggests continued faith in its potential. Investors will be watching the next earnings report in August for further insights into the company's financial health.
Get Edible Garden AG Incorporated alerts
New 13F filings, insider trades, and analyst moves on $EDBL, sent to your inbox. Free, and you can unsubscribe anytime.
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.