An Insider at Hims & Hers Just Filed. Here's What It Says About Buying the Dip

Hims & Hers' Chief Legal Officer Soleil Boughton sold 21,500 shares (~$605,000) on August 14 through a non-discretionary tax withholding transaction, retaining 339,075 shares. The sale does not reflect a shift in the insider's assessment of the company. Despite the stock's -40% one-year return, the underlying business shows strength with 38% revenue growth to $753.2 million last quarter and raised full-year guidance to $3.1-$3.3 billion. However, an FTC lawsuit over data sharing and billing practices creates uncertainty, with a $47.5 million legal contingency already impacting earnings.