CFO Manko Steve sells 75,000 shares (44% of holdings) for $2.63M as stock rebounds from multi-year lows.
CFO Manko Steve has divested a substantial portion of his stake—nearly 44% of his holdings—marking his sixth open-market sale of SKYT stock in the past three years. The timing is notable: the stock has rallied sharply from deep weakness and is now trading modestly below its 52-week high, a posture that typically attracts profit-taking. His prior five sales at this ticker showed mixed results: four were poorly timed as the stock rose after each exit, but one was well-timed as shares declined afterward—a pattern that does not strongly support conviction in recent or near-term downside. The company itself is profitable with solid revenue growth, but the most recent quarter saw a sharp swing to losses, which may have weighed on the CFO's confidence. This appears to be a high-conviction reduction in exposure at a moment of strength, not a routine rebalance—the magnitude and the insider's role as an officer with operational visibility make this worth tracking, though the mixed historical accuracy of his prior exits tempers any bearish inference.