Durable Capital LP sold 336,736 shares of ANDG for $13.5M at $40.01; retained 1.33M shares post-sale.
Durable Capital Partners LP, a 10% owner, executed a substantial $13.5M sale of 336,736 shares at $40.01, reducing its stake by 20.2% to 1,333,749 shares remaining. The sale occurred at $40.01 while the stock currently trades at $43.46 (near its 52-week high of $43.55), and the stock has surged 19.1% over 30 days and 53.8% over 90 days. Across the insider's full cross-ticker trading history, prior sells have been poorly timed overall (90-day average return +23.0%, meaning the stock rose significantly after sale), with only an 11.11% well-timed rate on sells. At ANDG specifically, the insider's two prior purchases both posted strong 90-day gains (+16.5% and +20.9%), demonstrating accurate entry timing on this ticker. The company reported $240.7M in quarterly revenue with positive 14.6% annual revenue growth, but remains unprofitable (full-year net income was negative), suggesting this sale by a major holder may reflect valuation concerns despite the stock's recent strong momentum.