Chief Dev. & Operating Officer Knight sold 85,163 shares of CRNX at $40.10 (-44.7% of holdings); stock now down 30.1% from 52-week high.
Knight executed a substantial sale reducing his CRNX holdings by 44.7%, from 190,452 to 105,289 shares, at $40.10 per share for $3,415,036.30. His prior three sales at this ticker were all well-timed, with 90-day declines of -6.5%, -3.4%, and -2.6%, establishing a consistent pattern of selling ahead of price weakness. The stock has since fallen 30.1% from its 52-week high of $56.43 and currently trades at $39.44, materially below the transaction price. This follows a company profile showing severe unprofitability ($-130.1M net loss in latest full year) against a $4.1B market cap, despite 640.7% annual revenue growth from a minimal $143.0K quarterly revenue base. The magnitude of the sale and the insider's historical accuracy at timing exits at this ticker merit close monitoring given the company's financial distress and recent stock deterioration.