Pro dex director Raymond Cabillot sells shares worth $789,156

Published 26/03/2025, 00:44
Pro dex director Raymond Cabillot sells shares worth $789,156

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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