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EdgarHawk

SANBORN RICHARD

Director

Director
2 filings analyzed · 1 company · Latest 2024-11-08

Companies

Company Buys Sells Direction
ENTERPRISE FINANCIAL SERVICES CORP EFSC 0 6 Net selling

Activity

November 2024
Sell
100,000 shares
$5,955,864
Significance 5/10

Director SANBORN RICHARD sold 100,000 shares (70.9% of holdings) at $59.27–$59.95 on 2024-11-06, raising $5,955,864.20

SANBORN RICHARD executed three separate sales totaling 100,000 shares for $5,955,864.20 at prices ranging from $59.16 to $59.95, liquidating 70.9% of his position. His prior open-market sell at this ticker on 2024-07-25 posted a 90-day return of -1.4%, meeting the well-timed criterion where stocks declined after his exit. The current stock price of $58.28 sits 4.7% below the 52-week high of $61.17, and the 30-day and 90-day momentum metrics show +17.8% and +20.6% gains respectively, indicating recent strength. Fundamental metrics appear stable with a P/E of 11.97 and market cap of $2,163,808,184.00; the magnitude and composition of this transaction—moving from 140,950 to 40,950 shares—represents a material reduction in direct ownership exposure.

July 2024
Sell
94,815 shares
$5,094,410
Significance 6/10

Director SANBORN RICHARD sells 94,815 shares of EFSC at $53.73 for $5,094,409.95; retains 140,950 shares.

SANBORN RICHARD, a director of Enterprise Financial Services Corp, sold 94,815 shares on 2024-07-25 at $53.73, reducing his stake from 235,765 shares to 140,950 shares, a 40.2% reduction in holdings. The sale occurred near the 52-week high of $54.00, with the stock up 39.9% over the prior 30 days and 39.2% over 90 days. The company trades at a P/E of 11.54 with a market cap of $2,017,841,220.00 and net income of $45,446,000.00. The substantial reduction in a director's position during a period of strong price momentum warrants investor attention to whether this signals a change in the director's assessment of the company's prospects.

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