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Nicholas John Swenson, a director and 10% owner of Pro Dex Inc (NASDAQ:PDEX), recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Swenson sold a total of 4,526 shares of common stock on April 2, 2025. The sales were executed at prices ranging from $55.00 to $56.20 per share. The transaction comes amid PDEX’s remarkable 176% stock price surge over the past year, with the company showing strong momentum across multiple timeframes.
The transaction was carried out in two parts: 1,891 shares were sold at an average price between $55.21 and $56.20, and another 2,635 shares at prices ranging from $55.00 to $55.19. These sales amounted to over $250,000 in total. Despite this insider sale, management has been actively buying back shares, demonstrating confidence in the company’s prospects.
Following these transactions, Swenson, through AO Partners I, LP, holds 922,204 shares indirectly and an additional 96,613 shares directly. This move comes as part of Swenson’s ongoing management of his investment in the surgical and medical instruments company, which is headquartered in Irvine, California. The company maintains a strong financial health score according to InvestingPro, which rates PDEX’s overall financial condition as "GREAT" and identifies 12 additional bullish signals for the stock.
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