CFO Sarcevic sold 3.0K SXI shares at $191.80; stock up 17.2% in 30d, trading -9.0% from 52-week high.
Ademir Sarcevic, Vice President/CFO/Treasurer, sold 3,047 shares worth $584,404.54, reducing his holding by 21.2% from 14,370 to 11,323 shares. The sale occurred at $191.80 while the stock has appreciated 17.2% over the prior 30 days and 25.2% over 90 days, currently trading at $192.55 and -9.0% from its 52-week high of $211.52. His prior open-market sell at this ticker on 2024-11-04 was poorly timed, with the stock rising 0.6% over the subsequent 90 days, and his broader cross-ticker track record shows 0 of 1 prior sells well-timed at the 90-day mark with an average 90-day return of 0.6% after sells. The company's P/E stands at 53.78 with recent quarterly net income of $21.9M on revenue of $207.8M and annual revenue growth of 9.6%.
CFO Sarcevic sells 3,800 SXI shares at $181.64 (53-week lows), reducing stake 16.2% to 19.7K shares
Vice President/CFO/Treasurer Ademir Sarcevic sold 3,800 shares of STANDEX INTERNATIONAL CORP/DE/ on 2024-11-04 at $181.64 per share for a total value of $690,250.24, reducing his holdings from 23,486 shares to 19,686 shares. The sale price of $181.64 represents a 11.7% discount to the current market price of $205.61 and sits near the lower end of the 52-week range of $132.98–$205.61. This transaction occurred as the stock has rallied significantly: +13.2% over the prior 30 days and +21.6% over the prior 90 days, and it is now trading at its 52-week high. The company's annual revenue growth is negative at -2.8% while the P/E ratio of 34.27 reflects elevated valuation relative to historical norms. The sale by a senior financial officer at a substantially below-current price, combined with the stock's recent momentum and elevated valuation metrics, represents a material reduction in the insider's direct shareholding stake.
