HealthEquity founder Neeleman sells 35,000 shares for $2.8M at $79.86 avg; now holds 89,769 post-transaction.
Neeleman, HealthEquity's founder and vice chairman, executed 2 separate sales on 2024-07-25 totaling 35,000 shares for $2.8M at a blended average price of $79.86, reducing his stake by 28.1% from 124,769 to 89,769 shares. The stock currently trades at $79.61, down 8.4% from the 52-week high of $86.94, and is down 7.6% over the past 30 days. His prior trades at HealthEquity show a 0 of 3 well-timed pattern at the 90-day mark: three 2023-12-08 sales recorded 90-day returns of +17.2%, +16.2%, and +14.7% respectively, meaning the stock rose substantially after each prior sale. With HealthEquity's P/E at 86.53 and annual revenue growth at 16.0%, the company trades at a premium valuation even as growth moderates. This sale represents a significant reduction in founder holdings during a period of price weakness.