ValueAct Holdings sells 600,000 NSIT shares at $130.94; stock now $136.75, down 39.3% from 52-week high
ValueAct Holdings, L.P. (Director) sold 600,000 shares of Insight Enterprises on 2025-05-08 for $78.6M, reducing holdings from 4.06M to 3.46M shares (−14.8%). The sale occurred at $130.94, below the current price of $136.75, yet the stock remains sharply depressed at 39.3% below its 52-week high of $225.24. Insight Enterprises faces headwinds: annual revenue declined 5.2% year-over-year, net income is modest at $7.5M on $2.1B quarterly revenue, and the valuation at a P/E of 22.94 does not reflect operational stress. ValueAct's prior sale at this ticker on 2024-05-29 was followed by a 90-day return of +11.6%, indicating the prior sell did not precede a decline; this current sale occurs as the stock is already 18.4% lower over 90 days, presenting a different context than the prior transaction.