Ithaca L.P. (Director) sold 1,861,011 shares of INFA at $25.50 on 2024-11-12 for $47,455,780.50
Ithaca L.P. reduced its stake by 1,861,011 shares (-7.7% vs pre-transaction holdings), executing a $47.5M sale at $25.50 per share while the stock traded $25.26 at current market prices and down 34.9% from its 52-week high of $38.81. The sale occurred in a backdrop where INFA reported negative net income of $-14.0M against $422.5M quarterly revenue, indicating the company remains unprofitable despite 6.0% year-over-year revenue growth. Post-transaction holdings of 22,258,647 shares remain substantial, suggesting the director maintains significant exposure to the company. The timing of this disposal coincides with INFA trading well below peak valuations and while in a loss-making state, warranting investor scrutiny of the underlying business fundamentals and the director's assessment of near-term cash flow sustainability.