CEO David Hugo Anderson sells 15,452 shares of NWN at $42.01; stock trading near 52-week highs but company posted $27.2M quarterly loss
CEO David Hugo Anderson sold 15,452 shares (15.5K shares) at $42.01 on 2025-03-03, reducing his holdings by 10.0% to 138,378 shares. The sale occurred at $42.01, only 0.8% below the 52-week high of $43.85, and the stock is trading at $41.66 currently, down 5.0% from that peak. The timing coincides with material operational stress: the latest quarter showed revenue of $136,934,000.00 but net income of $-27,167,000.00, with full-year revenue down 3.7% year-over-year. A P/E of 26.37 suggests the market is pricing in near-term recovery despite negative recent earnings. The sale's execution near cycle highs, paired with deteriorating quarterly profitability, merits scrutiny of whether CEO liquidity management reflects confidence in the recovery narrative embedded in the current valuation.