Insider Buying: Upexi, Inc. (NASDAQ:UPXI) CEO Buys 657,895 Shares of Stock

Upexi, Inc. (NASDAQ:UPXI) CEO Allan Marshall purchased 657,895 shares of the stock in a transaction dated Thursday, April 17th. The shares were acquired at an average cost of $2.28 per share, for a total transaction of $1,500,000.60. Following the completion of the acquisition, the chief executive officer now directly owns 809,318 shares of the company’s stock, valued at approximately $1,845,245.04. This trade represents a 434.47 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Upexi Stock Up 14.7 %

Shares of UPXI opened at $15.51 on Monday. The stock’s fifty day moving average is $3.51 and its 200-day moving average is $4.13. Upexi, Inc. has a one year low of $1.90 and a one year high of $22.57. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.58 and a quick ratio of 0.53.

Upexi (NASDAQ:UPXI) last released its earnings results on Friday, February 14th. The company reported ($1.24) earnings per share (EPS) for the quarter. The company had revenue of $4.01 million during the quarter.

Hedge Funds Weigh In On Upexi

A hedge fund recently bought a new stake in Upexi stock. Bank of Montreal Can acquired a new position in shares of Upexi, Inc. (NASDAQ:UPXI) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,008 shares of the company’s stock, valued at approximately $36,000. Bank of Montreal Can owned 0.81% of Upexi at the end of the most recent quarter. 5.68% of the stock is owned by institutional investors.

About Upexi

Upexi, Inc manufactures and sells various branded products in the health, wellness, pet, beauty, and other markets. The company was formerly known as Grove, Inc and changed its name to Upexi, Inc in August 2022. The company was incorporated in 2018 and is headquartered in Clearwater, Florida.