Insider Selling at $NARI: Director Offloads 32.1% of Shares

Stock Alert: Director William Hoffman of $NARI sold 141,075 shares, representing a significant 32.1% of their holdings. Additionally, insider trading is predominantly sales, raising red flags for investors.

Date: 09-01-2025

AI Rating: 4

Insider Trading Activity Overview

Insider trading at $NARI shows a concerning pattern. Director William Hoffman sold 141,075 shares recently, which is approximately 32.1% of their previous holdings. This brings their total ownership down to 297,912 shares. The trading trend isn't favorable, as insiders have recorded 52 trades in the last six months, all being sales and not a single purchase.

Hoffman alone has sold 560,000 shares out of 34 trades, with other insiders like Andrew Hykes (CEO), Thomas Tu (CMO), and Mitch C. Hill (CFO) also only selling their shares. This indicates a lack of confidence from insiders regarding $NARI's future performance.

Institutional Investment Movement

On the institutional front, in the latest quarter, 111 institutional investors added to their positions, while 123 reduced theirs. Notable additions came from Vestal Point Capital, Mackenzie Financial, and Armistice Capital, with large percentage gains in shares. However, substantial selling is also evidenced from Point72 Asset Management and Millennium Management.

Stocks: NARI