CFO Brophy Michael Burkes sells 5,063 shares for $1,001,645.17; strong cross-ticker track record (47.06% well-timed rate), but recent same-ticker sales underperformed.
Brophy Michael Burkes, CFO of Natera (NTRA), executed 7 separate sales totaling 5,063 shares for $1,001,645.17 between April 27–29, 2026, reducing holdings by 8.0% to 58,291 shares. The blended average transaction price of $197.84 sits close to the current price of $194.75, while the stock has declined 23.4% from its 52-week high of $254.40. Across his cross-ticker trading history, Burkes has posted a 47.06% well-timed rate on prior sells (20 sells with 4.8% average 30-day return), suggesting disciplined execution patterns. However, at NTRA specifically, his five prior sales show consistent underperformance: three February 2026 sells each declining 12.5–14.6% within 30 days, and two January 2026 sells yielding negative 90-day returns of -15.3% and -15.7%—both well-timed. The company remains unprofitable (-$87.5M net income on $592.2M quarterly revenue) despite strong 35.9% annual revenue growth. This sale occurs against a backdrop of prior same-ticker underperformance and ongoing losses, warranting monitoring of whether future price action aligns with historical patterns or signals shifting company dynamics.