EVP/GC Underberg sold 5,450 IDXX shares for $3.6M at $651.60, reducing holdings by 46.2% amid 90-day +28.0% rally.
Underberg sold 5,450 shares at $651.60, realizing $3,551,220.00 in proceeds and reducing her holdings from 11,788 to 6,338 shares. The transaction occurred as IDXX has appreciated 28.0% over the prior 90 days and stands 22.3% higher on a 30-day basis, placing the stock 4.5% below its 52-week high. The 46.2% reduction in her post-transaction holdings represents a substantial portfolio reduction, not a routine trim. With IDXX trading at a P/E of 52.94 and the company reporting annual revenue growth of +6.5%, the sale warrants review of the sell-side rationale—specifically whether this reflects a reassessment of valuation given recent momentum, or other portfolio or tax-planning factors.