Director Rakesh Gangwal bought 1,184,898 shares for $34,919,943.21 in 30 trades on 2024-09-30 at blended average $29.47
Director Gangwal executed 30 separate purchases totaling 1,184,898 shares (1.18M shares) for $34,919,943.21 ($34.9M) on 2024-09-30, resulting in a post-transaction holding of 1,191,209 shares—an 18775.1% increase versus his pre-transaction position of 6,311 shares. The blended average transaction price was $29.47, whereas the current price stands at $29.57 (30-day change: +2.2%, 90-day change: +3.5%), positioning the stock -15.1% from its 52-week high of $34.83. This substantial accumulation—the largest transaction by share volume in his cross-ticker track record of 20 prior buys—occurs at a valuation multiple (P/E: 227.46) that reflects low recent profitability relative to market cap of $17.7B. The multi-tranche execution pattern and timing of these trades relative to broader market moves warrants attention given the material position stake being established.