Lovesac appoints Jacob Pat as Chief Technology and Digital Transformation Officer to enhance technology and customer experiences.
Quiver AI Summary
The Lovesac Company announced the appointment of Jacob Pat as Chief Technology and Digital Transformation Officer, effective immediately. Pat will lead the company's technology and digital initiatives as part of the Executive Leadership Team. CEO Shawn Nelson highlighted Pat's extensive experience in scaling digital platforms and leading transformation strategies, positioning him as a key player in the company's growth. With over 25 years of experience in retail and technology, Pat has held significant roles at companies like Salesforce, DECIEM, and Champion Petfoods. He expressed enthusiasm for joining Lovesac during a crucial growth phase, emphasizing the importance of building technology capabilities to enhance customer experiences and operational excellence.
Potential Positives
- Appointment of Jacob Pat as Chief Technology and Digital Transformation Officer signals a strategic focus on technology and innovation, aiming to enhance customer experiences and operational efficiency.
- Jacob Pat's extensive experience in scaling digital platforms and leading transformations at notable companies positions him as a valuable asset to accelerate Lovesac’s growth trajectory.
- The company is recognized for its commitment to responsible production and innovation, as evidenced by awards like the Repreve’s Champions of Sustainability Award, enhancing brand reputation in the market.
Potential Negatives
- Appointment of a new Chief Technology and Digital Transformation Officer may indicate a perceived gap or weakness in the company’s current leadership or digital capabilities that necessitated a change.
FAQ
Who has been appointed as Lovesac's Chief Technology and Digital Transformation Officer?
Jacob Pat has been appointed as Lovesac's Chief Technology and Digital Transformation Officer, effective immediately.
What is Jacob Pat's experience prior to joining Lovesac?
Jacob Pat has over 25 years of experience in retail, consumer products, and technology, including roles at Salesforce and DECIEM.
What will Jacob Pat's role at Lovesac involve?
Mr. Pat will lead Lovesac’s enterprise technology and digital transformation strategy as part of the Executive Leadership Team.
Why is technology important for Lovesac's growth?
Technology will enhance business processes and products, driving smarter operations and improving customer experiences for Lovesac.
What products does The Lovesac Company offer?
Lovesac offers modular couches (Sactionals), Sacs, Snugg, and StealthTech, focusing on quality and sustainability in furniture design.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LOVE Insider Trading Activity
$LOVE insiders have traded $LOVE stock on the open market 7 times in the past 6 months. Of those trades, 6 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $LOVE stock by insiders over the last 6 months:
- WALTER FIELD MCLALLEN has made 5 purchases buying 3,950 shares for an estimated $70,666 and 0 sales.
- SHIRLEY ROMIG sold 1,500 shares for an estimated $26,747
- SHAWN DAVID NELSON (Chief Executive Officer) purchased 1,000 shares for an estimated $14,410
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LOVE Hedge Fund Activity
We have seen 63 institutional investors add shares of $LOVE stock to their portfolio, and 64 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- JANUS HENDERSON GROUP PLC removed 573,945 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $10,445,799
- FMR LLC added 373,526 shares (+56.0%) to their portfolio in Q2 2025, for an estimated $6,798,173
- NOMURA HOLDINGS INC added 342,110 shares (+758.0%) to their portfolio in Q2 2025, for an estimated $6,226,402
- SG AMERICAS SECURITIES, LLC removed 304,586 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $5,543,465
- FEDERATED HERMES, INC. removed 255,000 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $4,641,000
- MILLENNIUM MANAGEMENT LLC removed 253,627 shares (-83.9%) from their portfolio in Q2 2025, for an estimated $4,616,011
- KORNITZER CAPITAL MANAGEMENT INC /KS removed 250,842 shares (-87.6%) from their portfolio in Q2 2025, for an estimated $4,565,324
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$LOVE Analyst Ratings
Wall Street analysts have issued reports on $LOVE in the last several months. We have seen 3 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Canaccord Genuity issued a "Buy" rating on 09/12/2025
- Maxim Group issued a "Buy" rating on 09/12/2025
- DA Davidson issued a "Buy" rating on 09/12/2025
To track analyst ratings and price targets for $LOVE, check out Quiver Quantitative's $LOVE forecast page.
$LOVE Price Targets
Multiple analysts have issued price targets for $LOVE recently. We have seen 3 analysts offer price targets for $LOVE in the last 6 months, with a median target of $30.0.
Here are some recent targets:
- Tom Forte from Maxim Group set a target price of $33.0 on 09/12/2025
- Michael Baker from DA Davidson set a target price of $24.0 on 09/12/2025
- Maria Ripps from Canaccord Genuity set a target price of $30.0 on 09/12/2025
Full Release
STAMFORD, Conn., Oct. 21, 2025 (GLOBE NEWSWIRE) -- The Lovesac Company (Nasdaq: LOVE) (“Lovesac” or the “Company”), the Designed for Life home and technology brand best known for its Sactionals, The World's Most Adaptable Couch, today announced the appointment of Jacob Pat as Chief Technology and Digital Transformation Officer effective immediately. Mr. Pat will spearhead Lovesac’s enterprise technology and digital transformation agenda as part of the Company's Executive Leadership Team, and report to Mary Fox, President.
“Jacob brings an exceptional combination of strategic technology leadership and hands-on digital transformation experience that perfectly aligns with our vision of becoming the most loved home brand in America,” said Shawn Nelson, Chief Executive Officer of Lovesac. “With a proven track record of scaling digital platforms and leading enterprise-wide transformation strategies, he brings the expertise we need to accelerate Lovesac's journey into its next chapter of growth. As we move into this next phase, technology will be an important driver, not just in our business processes, but with our actual products from both a hardware and a software perspective. Jacob’s vision for technology-enabled growth and passion for innovation will help us deliver smarter operations, richer customer experiences, and long-term value creation. Just as importantly, Jacob embodies the values and collaborative spirit that define our culture, and we are thrilled to welcome him to the Lovesac family.”
Mr. Pat is a seasoned business and technology executive with more than 25 years of experience across retail, consumer products, and technology. Most recently, he served as Vice President of Product at Salesforce following its acquisition of PredictSpring, where he led global product for Retail Cloud. Previously, as Chief Technology Officer at DECIEM, he spearheaded the digital transformation that helped enable the company’s rapid expansion and eventual sale to Estée Lauder. Mr. Pat also served as the Chief Information Officer at Champion Petfoods where he modernized global technology operations and digital platforms. Earlier in his career, at Canada Goose, he built the global IT organization from the ground up, scaling it into a global team supporting hyper growth, international expansion, and IPO readiness — while also designing and launching the company’s direct-to-consumer eCommerce business, which became a major revenue driver.
“I am honored to join Lovesac at such a pivotal moment in its growth,” said Mr. Pat. “Lovesac has always stood out for its bold innovation, differentiated product design, and values-driven culture. I look forward to working with the team to build the technology foundation and digital capabilities that will power the next chapter—delivering exceptional customer experiences, operational excellence, and sustainable growth.”
Recognized for driving transformation at scale, Mr. Pat is widely regarded as a thought leader in retail and digital commerce and has advised multiple boards and growth-stage companies on technology strategy, digital acceleration, and value creation. Mr. Pat holds an Executive MBA from the Kellogg School of Management and has served as an Advisory Board Member at Gray Solutions and Henry’s, supporting strategy and growth initiatives in consumer and technology sectors.
About The Lovesac Company
Based in Stamford, Connecticut, The Lovesac Company (NASDAQ: LOVE) is a technology driven company that designs, manufactures and sells unique, high-quality furniture derived through its proprietary Designed for Life approach which results in products that are built to last a lifetime and designed to evolve as customers’ lives do. The current product offering is comprised of modular couches called Sactionals, the Sactionals Reclining seat, premium foam beanbag chairs called Sacs, the PillowSac™ Chair, an immersive surround sound home theater system called StealthTech, and an innovative sofa seating solution called Snugg™. As a recipient of Repreve’s 8th Annual Champions of Sustainability Award and Edison Awards' 38th Annual Best New Product Awards for Sustainable Consumer Products, responsible production and innovation are at the center of the brand’s design philosophy with products protected by a robust portfolio of utility and design patents. Products are marketed and sold primarily online directly at www.lovesac.com, supported by a physical retail presence in the form of Lovesac branded showrooms, as well as through shop-in-shops and pop-up-shops with third party retailers. LOVESAC, DESIGNED FOR LIFE, SACTIONALS, SAC, STEALTHTECH, and THE WORLD'S MOST ADAPTABLE COUCH are trademarks of The Lovesac Company and are Registered in the U.S. Patent and Trademark Office.
Investor Relations Contact:
Caitlin Churchill, ICR
(203) 682-8200
[email protected]