# BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND)

> Source: Nexqual · https://nexqual.com/LND · data as of 2026-10-22 19:59 UTC · cite as "Nexqual, BrasilAgro - Companhia Brasileira de Propriedades Agrícolas (LND), nexqual.com/LND" · informational, not investment advice.

**Price:** USD 3.6 (-1.10% on the day) · last close of Oct 22, 2026; US market pre market, not a live price. Prev close 3.64 · day 3.53–3.65 · 52w 3.37–4.45 · market cap null · NYQ

## Key facts
- Insider open-market sales, last ~7 months: 2 Form 4 filings, $14K; 2 not under a Rule 10b5-1 plan ($14K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Insider open-market purchases, last ~7 months: 4 Form 4 filings, $611K; 0 by opportunistic insiders, 0 by routine insiders.
- Total return with dividends: 1Y -4.3% vs S&P 500 +14.9%; 5Y -0.0% vs S&P 500 +80.3%.

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 2 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-07-01 | Lopez Gustavo Javier | Director | 2,000 | $7K | 2.4% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-06-08 | Lopez Gustavo Javier | Director | 2,000 | $7K | 2.3% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Insider purchases (SEC Form 4, open-market, last ~7 months)
4 purchases, $611K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-09-30…2026-10-05 | Elsztain Alejandro Gustavo | Director | 56,750 | $200K | 3.52 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-29…2026-06-30 | Elsztain Alejandro Gustavo | Director | 29,000 | $104K | 3.57 | Too little history (no open-market trades in 2023–2025) |
| 2026-06-25…2026-06-26 | Elsztain Alejandro Gustavo | Director | 29,000 | $103K | 3.55 | Too little history (no open-market trades in 2023–2025) |
| 2026-05-19…2026-05-22 | Elsztain Alejandro Gustavo | Director | 54,000 | $205K | 3.79 | Too little history (no open-market trades in 2023–2025) |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | -4.3% | -0.0% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -4.3% | -0.0% |
| Volatility (annualized) | 26.0% | 29.5% |
| Max drawdown | -22.0% (Mar 2026→Sep 2026) | -45.1% (Apr 2022→Jul 2022) |

## Peers (Farm Products)
ADM (Archer-Daniels-Midland Company) USD 79.84 +0.60% · TSN (Tyson Foods, Inc.) USD 57.07 +2.09% · BG (Bunge Limited) USD 103.15 +0.90% · CALM (Cal-Maine Foods, Inc.) USD 63.83 +5.31% · AGRO (Adecoagro S.A.) USD 9.83 +3.69% · DMC (Del Monte Corporation) USD 29.93 +7.28%

## More
Full page: https://nexqual.com/LND · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in LND's own 20-F filed 2025-10-30 (https://www.sec.gov/Archives/edgar/data/1499849/000121390025103992/ea0262205-20f_brasil.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Partner | Cresca | "into an agreement with Carlos Casado, our partner in Cresca at the time, pursuant to which we agreed to try to sell all the land that" |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter | — | — | — | $0 | — |
| Next quarter | — | — | — | $0 | — |
| Current fiscal year (ends 2027-06-30) | — | — | — | $1.33B | — |
| Next fiscal year (ends 2028-06-30) | — | — | — | $1.42B | — |