CEO Blackford sells 30,000 IRTC shares across 7 transactions for $4.8M at blended $160.54; holds 179.0K post-sale
Blackford Quentin S., President and CEO of iRhythm Technologies, executed 7 separate sales totaling 30,000 shares for $4,816,191.46 on 2025-08-05, reducing holdings by 14.4%. The transactions occurred at prices ranging from $158.85 to $165.00, with a blended average of $160.54, during a period when the stock has risen 12.1% over 30 days and 13.9% over 90 days. The company's latest quarter showed revenue of $186,687,000 but net income of $-14,218,000, reflecting ongoing unprofitability despite 20.1% annual revenue growth. Across his prior trades at IRTC (4 prior sells), only 1 of 4 was well-timed at the 90-day mark, with most recent sells (2025-03-03 and 2025-02-26) followed by gains of 29.2% and 30.5% respectively. The current stock price of $156.02 is 5.4% below the 52-week high and sits near the transaction execution range, limiting immediate price-action perspective.