HIMS
A board member just voted with his wallet
Hims & Hers shares are climbing after board member David Wells — yes, the former Netflix CFO — disclosed an open-market purchase of 48,400 shares at about $24.23 each. That’s a little over $1.17 million, which is not exactly pocket change unless your pockets are stitched from venture capital.
The buy bumped Wells’s direct stake by roughly 27.5% to 224,417 shares. For investors, that kind of insider purchase usually lands with a simple message: someone close to the machine thinks the stock is worth owning at these levels.
Why traders care
The move matters because HIMS has had a rough year. The stock is still down more than 52% over the last 12 months, so any sign of insider confidence can act like a caffeine shot for a beaten-up chart.
And the market already seems to be leaning into the story: the shares were up 6.37% to $25.37 at the time of publication. That’s a nice bounce, but it’s still more “early recovery montage” than “we’re fully back, baby.”
The bigger picture
Hims & Hers is still playing a high-wire growth game, and recent financing moves mean investors are watching dilution, growth, and execution with the intensity of a reality show finale. So when a board member buys a million bucks worth of stock, the market hears it loud and clear.
Big picture: insider buying doesn’t guarantee a turnaround, but it does tell you where the people closest to the company are placing their bets.