CFO Uchida T Christopher sells 5,005 shares at $128.22–$131.36 on 2025-03-14 for $647,476.38; holdings drop 29.1%.
Uchida T Christopher, CFO of Palomar Holdings (PLMR), executed four separate sales totaling 5,005 shares for $647,476.38 at prices ranging from $128.22 to $131.36, reducing his holdings from 17,177 to 12,172 shares (a 29.1% reduction). The sale occurred as the stock trades near its 52-week high of $134.09, having climbed 5.6% over 30 days and 20.6% over 90 days. His prior trades at PLMR show a consistent pattern: three prior sells executed in November 2024 were followed by positive 90-day returns ranging from 15.8% to 18.3%, indicating the subsequent price rallies occurred after he had already exited—none of these were well-timed short sales (0 of 3 prior sells well-timed at the 90-day mark). The company's fundamentals remain strong with $148.5M quarterly revenue, $30.5M net income, and 47.3% annual revenue growth, supported by a 24.34 P/E and $3.6B market cap. The current sale at a blended average of $129.37 follows the same pattern as his November activity: executed near cycle highs and at prices below current levels, leaving open the question of whether this represents a recurring portfolio management discipline or a systematic pattern of timing exits before sustained advances.