CFO Goodburn bought 13,798 shares of CNDT at $2.32 on 2025-05-12; stock down 50.9% from 52-week high, company reports $-51.0M net loss
Goodburn Giles Andrew, the CFO, purchased 13,798 shares at $2.32 on 2025-05-12, increasing his holdings to 331,168 shares. This occurred amid severe operational headwinds: CONDUENT reported negative net income of $-51,000,000.00 in the latest quarter, annual revenue contracted by 9.8%, and the stock has declined 48.7% over the past 90 days and stands 50.9% below its 52-week high. The current price of $2.17 is already below the CFO's purchase price of $2.32. As the chief financial officer, Goodburn has direct visibility into the company's financial position and trajectory, making this open-market purchase an observable market signal during a period of acute performance deterioration.