Pro Dex director sells shares worth $363,222

Published 01/04/2025, 23:58
Pro Dex director sells shares worth $363,222

Raymond (NSE:RYMD) E. Cabillot, a director and significant owner of Pro Dex Inc. (NASDAQ:PDEX), has reported the sale of 7,263 shares of the company’s common stock. The transaction, dated April 1, 2025, was executed at a weighted average price of $50.01 per share, resulting in total proceeds of approximately $363,222. These sales were made under a Rule 10b5-1 trading plan established on September 20, 2024. The sale comes as PDEX demonstrates strong market performance, with the stock up nearly 193% over the past year and maintaining a "GREAT" financial health score according to InvestingPro analysis.

Following the sale, Cabillot’s indirect ownership, through Farnam Street Partners, L.P., stands at 270,846 shares. The shares were sold in multiple transactions, with prices ranging from $50.00 to $50.37. Despite the insider sale, InvestingPro data shows management has been actively buying back shares, with the company maintaining strong profitability metrics and operating with moderate debt levels. Want deeper insights into insider trading patterns and 13 additional ProTips? Explore InvestingPro’s comprehensive analysis tools.

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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