Adebayo O. Ogunlesi, Director at Kosmos Energy Ltd. (KOS), bought 3,157,895 shares at $1.90 ($6.0M) on 2026-03-10, disclosed to the SEC on 2026-03-12.
Director Adebayo O. Ogunlesi purchased $6M worth of shares at $1.90, marking the largest purchase in the company's history. This significant bet on Kosmos Energy comes as the stock has surged over 120% in the last 90 days despite recent volatility.
The stock is currently trading at $2.28, down 9.88% over the past five days but up 42.5% over the last month. It remains 17.54% below its 52-week high of $2.765 despite a massive 123.53% gain over the last 90 days.
Catalysts include the Q1 2026 earnings results on May 5, which showed record production despite missing forecasts, and the company's record output and debt reduction targets announced on May 24. Additionally, 3 other insiders bought shares in the last 30 days, indicating continued confidence.
The stock faces risks from a short interest of 5.33% of the float and a miss on Q1 2026 earnings forecasts on May 9. Furthermore, the stock declined 9.88% in the last five days following a broader energy sector sell-off driven by falling oil prices.
Something here stands out, but not much.
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| MODG | BUY | 2023-06-08 | $1.9M | — | Filing → |