President of Worldwide Field Ops sells 43,070 shares of IOT at $45.62; stock down 21.2% from 52-week high, down 17.3% in 30 days.
Caimi Lara sold 43,070 shares at $45.62 on 2024-12-23, reducing holdings by 4.4% to 931,003 shares. The sale occurs with IOT down 21.2% from its 52-week high of $56.35 and down 17.3% over the past 30 days, suggesting the insider sold into a sharp recent decline. Across his cross-ticker sell history, Lara has a 50.00% well-timed rate at the 90-day mark with an average 90d return of +3.8%, indicating mixed timing precision. However, his prior two measurable same-ticker sales (2024-09) posted negative 90-day returns (+3.5% and +6.6% at 30 days, -0.8% and -0.7% at 90 days), both well-timed against declines at the 90-day horizon. The company remains unprofitable (net income of -$37.8M on $322.0M revenue in the latest quarter) despite strong 43.6% annual revenue growth, adding fundamental uncertainty alongside the price weakness.