Insider Buying: Agrify Co. (NASDAQ:AGFY) Major Shareholder Buys 7,300 Shares of Stock

Agrify Co. (NASDAQ:AGFY - Get Free Report) major shareholder Rslgh, Llc bought 7,300 shares of the firm's stock in a transaction on Wednesday, May 28th. The stock was acquired at an average price of $25.87 per share, for a total transaction of $188,851.00. Following the transaction, the insider now owns 698,961 shares of the company's stock, valued at approximately $18,082,121.07. The trade was a 1.06% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Large shareholders that own more than 10% of a company's shares are required to disclose their sales and purchases with the SEC.

Rslgh, Llc also recently made the following trade(s):

• On Tuesday, May 27th, Rslgh, Llc acquired 25,000 shares of Agrify stock. The stock was purchased at an average cost of $25.00 per share, with a total value of $625,000.00.

Agrify Trading Down 7.3%

Shares of AGFY stock traded down $1.90 on Tuesday, hitting $24.00. The company had a trading volume of 6,572 shares, compared to its average volume of 244,317. The stock's 50-day moving average is $20.96 and its two-hundred day moving average is $25.09. Agrify Co. has a twelve month low of $2.71 and a twelve month high of $84.44. The firm has a market cap of $46.85 million, a P/E ratio of -1.71 and a beta of 10.16. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.10 and a current ratio of 0.75.

Agrify (NASDAQ:AGFY - Get Free Report) last issued its earnings results on Friday, May 9th. The company reported ($1.68) earnings per share for the quarter. The business had revenue of $0.54 million during the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Rip Road Capital Partners LP acquired a new position in shares of Agrify during the fourth quarter valued at about $1,953,000. Renaissance Technologies LLC acquired a new position in Agrify during the 4th quarter valued at about $841,000. SG Capital Management LLC acquired a new position in Agrify during the 4th quarter valued at about $692,000. AdvisorShares Investments LLC purchased a new stake in shares of Agrify in the fourth quarter worth approximately $321,000. Finally, Marathon Partners Equity Management LLC purchased a new stake in shares of Agrify in the fourth quarter worth approximately $174,000. Institutional investors and hedge funds own 5.98% of the company's stock.

Agrify Company Profile

Agrify Corporation offers hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. It offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products.