CFO Raju Robin M sold 36.9K shares of EQH at $54.00; holdings reduced 20.8% to 140.3K shares amid net income loss.
Raju Robin M, Chief Financial Officer of Equitable Holdings, sold 36,888 shares at $54.00 for $1,991,952.00, reducing his holdings from 177,145 shares to 140,257 shares—a 20.8% reduction in his position. The sale occurs while the company posted net income of $-349,000,000.00 in its latest quarter, despite revenue of $2,362,000,000.00 and annual revenue growth of 18.1%. The stock is trading at $54.04, near the upper end of its 52-week range of $41.36–$56.10, having declined 3.7% from the 52-week high. This substantial share reduction by the CFO during a period of negative earnings warrants attention, particularly given the relatively elevated valuation context (P/E of 33.78) and the magnitude of the position reduction.