Local Bounti Corporation grows fresh greens and herbs. It produces lettuce, herbs, and loose-leaf lettuce. Local Bounti Corporation was founded in 2018 and is headquartered in Hamilton, Montana.
IPO Year: 2021
Exchange: NYSE
Website: localbounti.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/20/2022 | $8.50 | Equal-Weight | Morgan Stanley |
| 1/4/2022 | $9.00 | Buy | Deutsche Bank |
| 12/22/2021 | $11.00 | Outperform | Oppenheimer |
| 12/21/2021 | $8.00 | Buy | Roth Capital |
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Morgan Stanley initiated coverage of Local Bounti with a rating of Equal-Weight and set a new price target of $8.50
Deutsche Bank initiated coverage of Local Bounti with a rating of Buy and set a new price target of $9.00
Oppenheimer initiated coverage of Local Bounti with a rating of Outperform and set a new price target of $11.00
Roth Capital initiated coverage of Local Bounti with a rating of Buy and set a new price target of $8.00
Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.
3 - Local Bounti Corporation/DE (0001840780) (Issuer)
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4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
Live Leadership Updates
HAMILTON, Mont., Aug. 13, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced the appointment of Dane Almassy as its Chief Commercial Officer (CCO), effective August 25, 2025. "We are pleased to welcome Dane to our leadership team," said Kathleen Valiasek, President, CEO, and CFO of Local Bounti. "His extensive experience across fresh produce and CEA, paired with his operational acumen and strategic mindset gained at both large and rapidly growing consumer packaged goods co
Board of Directors Re-Appoints Co-Founder Craig Hurlbert as Chief Executive Officer Georgia Facility Doubled Run-rate Production in December Provides Update to Full Year 2023 Sales Expectation HAMILTON, Mont., Dec. 15, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced a leadership transition and a business update. Craig Hurlbert, the Company's Co-Founder and Chairman of the Board, is reprising the role of Chief Executive Officer, effective immediately. Mr. Hurlbert prev
HAMILTON, Mont., March 21, 2023 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced that Jennifer Carr-Smith has been appointed to the Company's Board of Directors ("Board") and will serve on the Compensation Committee of the Board, in each case effective May 15, 2023. In connection with this appointment, the Board will be increased from 6 to 7 directors. Ms. Carr-Smith has served as President
HAMILTON, Mont., April 5, 2022 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL, LOCL WS))) ("Local Bounti®" or the "Company"), a breakthrough U.S. indoor agriculture company combining the best aspects of vertical and greenhouse growing technologies, today announced the successful completion of its acquisition of California-based complementary indoor farming company Hollandia Produce Group, Inc., which operates under the name Pete's®, effective April 4, 2022. "The combination of Pete's operational scale and retail distribution footprint with our market-leading unit-level e
Live finance-specific insights
Reports 28% Year-Over-Year Revenue Growth Driven by Expanded Facility Operations and Strengthened Retail Relationships Achieved $7 Million in Annualized Expense Reductions in the First Half of 2025 with Additional $2.5 to $3 Million of Cost Optimization Initiatives to be Actioned in the Second Half of 2025 Closed on $10 Million Convertible Note and Amended Credit Facility with $10 Million Principal Debt Reduction HAMILTON, Mont., Aug. 13, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended June 30, 2025.
HAMILTON, Mont., Aug. 8, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal second quarter ended June 30, 2025 before the market opens on Wednesday, August 13, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, August 13, 202
Closed on $10 Million Convertible Note and Amended Credit Facility with $10 Million Principal Debt Reduction HAMILTON, Mont., Aug. 4, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it secured $10 million through the issuance of a convertible note with an existing investor. In conjunction with this agreement, the Company also amended its existing credit facility to reduce the principal balance by $10 million. "We are pleased to have the continued support of our fin
Reports 38% Year-Over-Year Revenue Growth and Reaffirms Path to Positive Adjusted EBITDA in Third Quarter 2025 Through Expanded Distribution, Yield Improvements, and Disciplined Cost Management HAMILTON, Mont., May 14, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the three months ended March 31, 2025 and provided its revenue outlook for second quarter 2025. Kathleen Valiasek, President, CEO and CFO of Local Bounti, stated, "Our first quarter
HAMILTON, Mont., May 12, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal first quarter ended March 31, 2025 before the market opens on Wednesday, May 14, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, May 14, 2025. To
Secured $27.5 million of new funding - closed $25 million of new equity proceeds and $2.5 million of capex financing under executed term sheet and completed the restructuring of its existing credit facility – including a nearly 40% reduction through debt extinguishment of approximately $197 million, a significantly lower interest rate, and extended repayment terms with no cash payments until April 2027 Announces leadership succession and new Board appointments – President Kathleen Valiasek succeeds Craig Hurlbert as CEO, Mr. Hurlbert named Executive Chairman Further expansion of regional distribution with Walmart HAMILTON, Mont., March 31, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE
HAMILTON, Mont., March 28, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, March 31, 2025. To p
New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont., Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities. This award underscores Local Bounti's commitment to providing high-quality, fresh produce to consumers nationwide.
Commercial momentum accelerating with expanded product assortment and increased growing capacity Increased scale driving strategic discussions with customers to align respective footprints for next chapter of growth HAMILTON, Mont., Nov. 14, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended September 30, 2024 and provided expectations for fourth quarter 2024. "In the third quarter, we delivered a 50% increase in sales over the p
HAMILTON, Mont., Nov. 11, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal third quarter ended September 30, 2024 before the market opens on Thursday, November 14, 2024. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Thursday, November
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Reports 28% Year-Over-Year Revenue Growth Driven by Expanded Facility Operations and Strengthened Retail Relationships Achieved $7 Million in Annualized Expense Reductions in the First Half of 2025 with Additional $2.5 to $3 Million of Cost Optimization Initiatives to be Actioned in the Second Half of 2025 Closed on $10 Million Convertible Note and Amended Credit Facility with $10 Million Principal Debt Reduction HAMILTON, Mont., Aug. 13, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended June 30, 2025.
HAMILTON, Mont., Aug. 13, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced the appointment of Dane Almassy as its Chief Commercial Officer (CCO), effective August 25, 2025. "We are pleased to welcome Dane to our leadership team," said Kathleen Valiasek, President, CEO, and CFO of Local Bounti. "His extensive experience across fresh produce and CEA, paired with his operational acumen and strategic mindset gained at both large and rapidly growing consumer packaged goods co
HAMILTON, Mont., Aug. 8, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal second quarter ended June 30, 2025 before the market opens on Wednesday, August 13, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, August 13, 202
Closed on $10 Million Convertible Note and Amended Credit Facility with $10 Million Principal Debt Reduction HAMILTON, Mont., Aug. 4, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it secured $10 million through the issuance of a convertible note with an existing investor. In conjunction with this agreement, the Company also amended its existing credit facility to reduce the principal balance by $10 million. "We are pleased to have the continued support of our fin
Reports 38% Year-Over-Year Revenue Growth and Reaffirms Path to Positive Adjusted EBITDA in Third Quarter 2025 Through Expanded Distribution, Yield Improvements, and Disciplined Cost Management HAMILTON, Mont., May 14, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the three months ended March 31, 2025 and provided its revenue outlook for second quarter 2025. Kathleen Valiasek, President, CEO and CFO of Local Bounti, stated, "Our first quarter
HAMILTON, Mont., May 12, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal first quarter ended March 31, 2025 before the market opens on Wednesday, May 14, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 8:00 a.m. ET on Wednesday, May 14, 2025. To
Secured $27.5 million of new funding - closed $25 million of new equity proceeds and $2.5 million of capex financing under executed term sheet and completed the restructuring of its existing credit facility – including a nearly 40% reduction through debt extinguishment of approximately $197 million, a significantly lower interest rate, and extended repayment terms with no cash payments until April 2027 Announces leadership succession and new Board appointments – President Kathleen Valiasek succeeds Craig Hurlbert as CEO, Mr. Hurlbert named Executive Chairman Further expansion of regional distribution with Walmart HAMILTON, Mont., March 31, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE
HAMILTON, Mont., March 28, 2025 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced it will release its financial results for the fiscal full year ended December 31, 2024 after the market closes on Monday, March 31, 2025. Conference Call The Company will host a conference call with members of the Local Bounti executive management team to discuss financial results and other business updates. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, March 31, 2025. To p
New distribution underscores Local Bounti's customer-centric approach and commercial momentum HAMILTON, Mont., Dec. 16, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced that it has received a two-year award from a large multinational retailer (the "Retailer") to supply Local Bounti's living butter lettuce product to 13 of the Retailer's distribution centers from Local Bounti's California and new Texas facilities. This award underscores Local Bounti's commitment to providing high-quality, fresh produce to consumers nationwide.
Commercial momentum accelerating with expanded product assortment and increased growing capacity Increased scale driving strategic discussions with customers to align respective footprints for next chapter of growth HAMILTON, Mont., Nov. 14, 2024 /PRNewswire/ -- Local Bounti Corporation (NYSE:LOCL) ("Local Bounti" or the "Company"), a breakthrough U.S. indoor agriculture company, today announced its financial results for the quarter ended September 30, 2024 and provided expectations for fourth quarter 2024. "In the third quarter, we delivered a 50% increase in sales over the p
DEFA14A - Local Bounti Corporation/DE (0001840780) (Filer)
DEF 14A - Local Bounti Corporation/DE (0001840780) (Filer)
144 - Local Bounti Corporation/DE (0001840780) (Subject)
144 - Local Bounti Corporation/DE (0001840780) (Subject)
PRE 14A - Local Bounti Corporation/DE (0001840780) (Filer)
10-Q - Local Bounti Corporation/DE (0001840780) (Filer)
8-K - Local Bounti Corporation/DE (0001840780) (Filer)
144 - Local Bounti Corporation/DE (0001840780) (Subject)
8-K - Local Bounti Corporation/DE (0001840780) (Filer)
8-K - Local Bounti Corporation/DE (0001840780) (Filer)
Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
4 - Local Bounti Corporation/DE (0001840780) (Issuer)
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SC 13D/A - Local Bounti Corporation/DE (0001840780) (Subject)
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SC 13D/A - Local Bounti Corporation/DE (0001840780) (Subject)
SC 13D/A - Local Bounti Corporation/DE (0001840780) (Subject)