LNTH insider Patel sold 3,406,000 shares (49.5% of holdings) for $191,213,690 across 2 separate sales at $55.34 and $56.15 on 2025-08-19/20
Rajiv A. Patel executed two separate sales totaling 3,406,000 shares (3.41M shares) for $191,213,690.00, reducing his stake from 6,883,227 shares to 3,477,227 shares and representing a -49.5% reduction in holdings. The sales occurred at $55.34 and $56.15 per share on 2025-08-19 and 2025-08-20, respectively, while the current stock price stands at $59.16. This substantial liquidation of nearly half his position warrants investor scrutiny, particularly given that the stock is -49.3% from its 52-week high of $116.69 and has declined -18.2% over the past 30 days and -19.9% over 90 days. Despite the recent weakness, the company maintains solid fundamentals with annual revenue growth of +18.3%, a P/E of 14.83, and latest quarterly revenue of $378,045,000.00 and net income of $78,755,000.00, which may or may not align with the timing of this large insider exit.