CFO James Caci sells 216,000 AVPT shares (50.3% of holdings) for $3.3M at $15.21; stock down 21.2% from 52-week high.
CFO Caci James executed a substantial reduction, selling 216,000 shares (50.3% of pre-transaction holdings) for $3,285,360.00. The sale occurred at $15.21, placing the transaction 23.5% below the 52-week high of $19.99 and below the current price of $15.75. The timing coincides with a 90-day decline of -17.4%, though the company's fundamentals show revenue growth of 21.6% year-over-year and latest quarterly revenue of $102,018,000.00. However, the company was unprofitable over its most recent full fiscal year, which may factor into capital allocation decisions by senior management. The magnitude of this sale — reducing the CFO's stake by approximately half — represents a material shift in insider ownership and warrants investor attention given the broader context of the stock's recent weakness relative to its 52-week range.