BofA update shows where active managers are putting money
Raymond (NSE:RYMD) E. Cabillot, a director and significant shareholder of Pro Dex Inc (NASDAQ:PDEX), recently reported the sale of a substantial amount of company stock. The sale comes as the company’s shares have surged nearly 190% over the past year, with InvestingPro data indicating the stock is currently in overbought territory. According to a filing with the Securities and Exchange Commission, Cabillot sold a total of 15,711 shares of Pro Dex common stock over two days, with transactions occurring on March 24 and 25.
The shares were sold at prices ranging from $50.00 to $51.08 per share, generating total proceeds of approximately $789,156. Following these transactions, Cabillot, through Farnam Street Partners L.P., holds 282,883 shares of Pro Dex, representing a significant stake in the $162.3 million market cap company that has demonstrated strong financial health with a 2.58 current ratio.
The sales were conducted under a Rule 10b5-1 trading plan, which Cabillot and Farnam Street Partners adopted in September 2024, allowing for the pre-planned sale of securities. For deeper insights into insider trading patterns and 14 additional ProTips about PDEX, visit InvestingPro.
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