CTO Alan Kharsansky sells 87.1K SATL shares (-64.6%) at $8.35; stock up 45.1% in 30d despite -$118.3M net income
CTO Alan Kharsansky sold 87,091 shares at $8.35, reducing his holdings by 64.6% from 134.9K to 47.8K shares for total proceeds of $727.3K. This substantial reduction occurs in a stock that has rallied sharply (up 45.1% over 30 days and 198.2% over 90 days), yet the company remains deeply unprofitable with a net income of $-118.3M against quarterly revenue of $6.1M. While the company shows strong 37.6% annual revenue growth, the massive operating losses and the timing of this large insider liquidation during a steep price run-up warrant investor scrutiny of whether the recent momentum reflects sustainable operational improvement or near-term valuation expansion disconnected from profitability fundamentals.