Categories: Insider Trading News

Professional dex director Raymond Cabillot sells shares price $136,714


Raymond (NS:RYMD) E. Cabillot, a director and ten p.c proprietor of Professional Dex Inc (NASDAQ:PDEX), just lately bought shares of the corporate as disclosed in a Kind 4 submitting with the Securities and Trade Fee. The transactions, executed by Farnam Road Companions LP, concerned the sale of three,026 shares of Professional Dex’s widespread inventory over two days. The sale comes as Professional Dex trades close to its 52-week excessive of $59.60, with the inventory exhibiting exceptional power by a 115% acquire over the previous 12 months. In accordance with InvestingPro evaluation, the corporate seems overvalued at present ranges.

On January 14, Cabillot bought 1,147 shares at a weighted common value starting from $44.52 to $46.74. The next day, January 15, he bought an extra 1,879 shares, with the worth per share ranging between $45.00 and $45.50. The overall worth of those transactions amounted to $136,714. Notably, InvestingPro information reveals that whereas this insider is promoting, administration has been actively shopping for again shares, with the corporate sustaining sturdy monetary well being metrics and a GREAT total monetary rating.

These gross sales had been made beneath a Rule 10b5-1 buying and selling plan adopted by the reporting individuals on September 20, 2024, which permits insiders to arrange a predetermined plan to promote shares at a future date. Following these transactions, Cabillot holds 352,996 shares not directly by Farnam Road Companions LP. The inventory has just lately skilled an 8.85% decline over the previous week, although it maintains a powerful six-month return of 133%. Unlock 12 extra ProTips and complete insider buying and selling evaluation with InvestingPro.

In different latest information, Professional-Dex (NASDAQ:PDEX), Inc. introduced vital developments at its 2024 Annual Assembly of Shareholders. The corporate’s shareholders elected seven members to the board of administrators and ratified the appointment of Moss Adams, LLP because the impartial accounting agency for the upcoming fiscal 12 months. The newly elected board members will serve till the 2025 Annual Assembly or till their successors are elected.

The corporate additionally reported government bonuses following a powerful fiscal efficiency. Professional-Dex’s Compensation Committee authorized a $70,000 bonus for Chief Govt Officer Richard L. Van Kirk and a $50,000 bonus for Chief Monetary Officer Alisha Okay. Charlton. These bonuses had been awarded based mostly on the corporate’s efficiency throughout the first quarter of the fiscal 12 months 2025 and different efficiency metrics.

Moreover, shareholders authorized the compensation of the corporate’s Named Govt Officers on a non-binding advisory foundation. These latest developments spotlight the corporate’s dedication to rewarding sturdy efficiency and sustaining sturdy company governance.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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