SVP Global Operations Justin Dougherty sells 10,203 shares at $131.71 avg, reducing CRUS stake by 67.8% to 4,838 shares.
Justin E Dougherty, SVP Global Operations at Cirrus Logic, executed 5 separate sales on 2024-08-09 totaling 10,203 shares for $1,343,787.82, with a blended average price of $131.71. This sale reduces his holdings from 15,041 shares to 4,838 shares—a reduction of 67.8% of his pre-transaction position. The trade occurred at prices near the current level of $137.66 and within the 52-week range of $66.01–$142.65. The company is trading at P/E 27.21 with recent quarterly revenue of $374,026,000.00 and net income of $42,095,000.00, but faces a -5.7% annual revenue decline year-over-year. The material reduction in this executive's equity stake warrants investor attention given the scale of the divestiture and the company's softening revenue trajectory.