Fisker CEO Henrik Fisker Makes Stock Purchase

Henrik Fisker, Geeta Gupta-Fisker, and John Finnucan make purchases of Fisker Class A common stock during today’s trading.

Today, Fisker issued a press release after hours announcing insider purchases of Fisker shares. These stock purchases were made during market hours by three executives of the company including the founders. The press release stated CEO Henrik Fisker and CFO/COO Geeta Gupta-Fisker on Monday December 5th purchased 33,700 shares of Fisker Class A common stock. In addition to the Fiskers, Chief Accounting Officer John Finnucan on Monday purchased 450.095 shares of Class A stock in the company.

These insider buys total nearly $250k and come at a time when Fisker stock is being attacked by short sellers. Last week, a short seller published a purported assessment about Fisker. The company said it contained numerous false and misleading allegations. This short seller is betting against the company and publicly spreading a false narrative. On Friday we said enough was enough and suggested the company should go after short sellers publicly.

Henrik and Geeta co-founded Fisker Inc. in 2016. The all-electric carmaker became publicly traded on the NYSE in October 2020. Since then, short sellers have been betting the company will fail. 29.92% of the outstanding float is currently short, which equates to 52.3 million shares. Fisker shares are currently on MarketWatch’s list of most shorted stocks. Fisker’s stock closed today at $7.38/share down -0.25 (-3.28%) on volume of 4,750,748 shares.

Fisker Analyst Coverage

During the past week, Fisker received two notes by analysts covering the company. The first analyst notw was last week from Evercore ISI. On November 30th, Evercore ISI analyst initiated coverage on Fisker shares. They rated shares with an Outperform rating and a 12-month price objective of $15/share. Then earlier today it was reported Citi maintained a “Buy” rating on Fisker stock while cutting their 12-month price target on Fisker stock from $28 to $21/share. The new 12-month price objective by Citi represents nearly a 300% increase from today’s closing price of $7.38/share.

Premium Articles

Reserve Your Fisker Ocean

You can reserve your Fisker Ocean or PEAR by visiting Use referral code DDK87H.

Fiskerati Forums

Connect with Fisker enthusiasts on Fiskerati Forums to ask questions and discuss topics about the Fisker Ocean, PEAR, and RŌNIN supercar.

Fiskerati Mobile Apps

Download the new Fiskerati app on Apple App Store and Google Play.

Connect with Fiskerati

Questions? Partnerships? Have a tip?
Reach out – we are new and open to collaboration. We are looking for two or three site sponsors. Get in touch by sending an email to [email protected].

Follow Us
Twitter, Facebook, YouTube, and Google News.

Fiskerati Newsletter
Get our free newsletter This Week In Fisker direct to your email inbox!

You Might Like

5 thoughts on “Fisker CEO Henrik Fisker Makes Stock Purchase

  1. Let’s be honest – a $250kk stock purchase after selling +$20mm of stock last year isn’t that encouraging. Let’s hope there are more in the works.

    1. An insider purchase is an insider purchase. The most significant signal from these open market purchases is that Fisker is listening to retail shareholders. Today, Fisker director Wendy J. Greuel purchased 1,355 shares at $7.28 worth $9,858. It will be interesting to see if other directors follow suit. Maybe there will be more, maybe there won’t.

      1. No, an insider purchase is a sign of commitment and the size of the purchase is proportional to the size of commitment. The size of the CAOs commitment is about the same as the price for one Ocean key FOB.
        Henrik Fisker bought stock for 1/80 of the amount he sold for last year. He showed most of that money into real estate, so clearly he finds real estate a more sound financial bet than FSR.

What are your thoughts?