Joel Ackerman

CFO Joel Ackerman sells 51,471 shares of DaVita for $9.9M, his third open-market sale in 36 months.

Joel Ackerman, DaVita's CFO, sold over $9.8 million in shares, reducing his position by roughly a quarter. This is his third open-market sale in the past three years, continuing a consistent pattern of selling rather than buying. His prior two sales at this company were poorly timed—the stock rose after both exits—yet Ackerman is selling again as the company remains financially sound with consistent profitability and revenue growth. The stock is currently at its 52-week high, having climbed steeply in recent months, which creates a different context than his prior sales occurred in. While the CFO's repeated selling suggests he may be rebalancing a concentrated position rather than signaling fundamental concerns, the uniform pattern of poorly-timed prior exits raises the question of whether this latest sale will prove similarly mistimed or whether selling at the 52-week high reflects better timing than his previous attempts.

CFO Ackerman sells 68,769 shares of DVA for $10.7M across two transactions at $155.06–$155.02

Joel Ackerman, CFO and Treasurer of DaVita, executed 2 separate sales totaling 68,769 shares for $10,663,371.30 on August 27–28, 2024, at prices of $155.06 and $155.02, reducing his holdings by 39.2% from 175,510 shares to 106,741 shares post-transaction. The stock is currently trading at $153.24, near its 52-week high of $154.85 (-1.0% from peak), and has gained 12.3% over the past 30 days, placing the sale execution near recent strength. DaVita trades at a P/E of 14.95 with solid Q recent quarterly net income of $222,676,000.00 on revenue of $3,186,722,000.00, and annual revenue growth of 4.6%. The magnitude of this reduction in the CFO's stake—nearly 40% of holdings—merits examination of whether this reflects personal liquidity needs, portfolio rebalancing, or forward-looking confidence in the current valuation.