COO Patel sells 48,300 shares at $27.99 avg; post-transaction holding 215,011 shares (-18.3%). Stock up 52.7% in 30 days from $25.75 current.
Patel Anish, Chief Operating Officer, executed 2 separate sales totaling 48,300 shares for $1,351,762.20, reducing his stake by 18.3% to 215,011 shares post-transaction. The sales occurred at a blended average price of $27.99, while the stock currently trades at $25.75—reflecting a 2.4-point decline from the transaction prices. Notably, the stock has rallied 52.7% over the prior 30 days and trades within 1.0% of its 52-week high of $26.00, suggesting elevated valuation momentum at the time of sale. At the same-ticker level, Patel's 5 prior trades at ELVN show a 4-of-5 pattern of well-timed sales on the 90-day horizon, with his most recent sales on 2025-01-07 posting 90-day declines ranging from -26.0% to -27.4%. His cross-ticker track record across 7 open-market sales shows a 57.14% well-timed rate at the 90-day mark. These data points are offset by the company's unprofitability (net income: $-20,148,000.00 in the most recent full fiscal year), which provides fundamental context for the timing of insider sales.