SRB Corp (10% owner) sold 34,272 shares of SAFT at $76.04 for $2,605,933.21; stock now trading -8.2% from 52-week high amid negative net income.
SRB Corp, a 10% owner, sold 34,272 shares at $76.04, reducing holdings from 1,792,005 to 1,757,733 shares. Across the insider's prior trades at SAFT specifically, all 5 trades were well-timed at the 90-day mark, including 4 prior sells that generated negative 90-day returns (-7.7%, -8.5%, -9.7%, and -0.8% respectively), demonstrating consistent execution before declines. The company reported net income of -$14,323,000 in the latest quarter against revenue of $314,666,000, creating a fundamental disconnect even as the stock rose 4.2% over the last 30 days and annual revenue growth stands at 12.8%. The current price of $74.82 sits -8.2% from the 52-week high of $81.49, suggesting the timing of this sale—at $76.04—aligns with the insider's established pattern of selling ahead of weakness at this particular ticker.