CFO Patrick Fleury sold 600,000 shares (entire holding) at $16.14 for $9.7M; now holds zero shares.
Chief Financial Officer Patrick Fleury executed 2 separate sales totaling 600,000 shares for $9,684,000.00 at $16.14 per share, completely liquidating his position. This complete exit is striking given the company's $6.7B market cap and backdrop of 20.3% annual revenue growth ($50.6M latest quarter), but it occurs against a significant headwind: the company reported a net income of $-455.0M over its most recent full fiscal year and remains unprofitable. The CFO's decision to divest his entire shareholding while the stock trades at $15.74 (only 2.7% below where he sold) in a generally strong 90-day uptrend (+25.7%) underscores the disconnect between growth momentum and profitability—a gap that may weigh more heavily on management's view of sustainable value than the recent price appreciation suggests.