HRI CIO Peres Tamir sold 5,821 shares at $159.03 on 2024-07-31; prior HRI sale on 2024-03-15 delivered -16.7% 90d return.
Peres Tamir, SVP & Chief Information Officer, sold 5,821 shares at $159.03 for $925,713.63, reducing his HRI holdings by 14.1% to 35,415 shares. This is his second open-market sale of HRI stock in five months; his prior sale on 2024-03-15 proved well-timed, with the stock declining 16.7% over the following 90 days. The current price of $144.10 is 15.2% below the 52-week high of $170.00, suggesting recent downward pressure. HRI fundamentals remain solid—annual revenue growth of 19.8%, a P/E of 12.07, and recent quarterly revenue of $848.0M with net income of $70.0M—but the timing of consecutive insider sales, paired with the prior transaction's strongly negative 90-day outcome, warrants monitoring of HRI's near-term trajectory and any developments affecting the CIO's assessment of value.