Insider Trading Alert: Natera, Inc. Co-Founder Sells $307K Worth of Stock
Natera, Inc. (NASDAQ: NTRA) co-founder Sheena Jonathan recently sold a significant amount of company stock, totaling $307,313. These transactions were carried out in multiple tranches at varying prices between $112.80 and $115.70 per share.
Despite these sales, Jonathan still holds a substantial number of shares directly, with additional shares held in trusts for her minor children. The sales were conducted under a pre-arranged trading plan to avoid accusations of trading on nonpublic information.
In other news, Natera reported strong Q2 performance with a 12% sequential revenue increase and upward revision of its full-year revenue guidance. The company faces challenges such as quarterly cash burn fluctuations and partnership non-renewals but expects steady revenue growth.
InvestingPro Insights: Natera's stock has seen a 10.03% increase in total return over the past week and 70.01% surge in the last six months. Analysts are cautious about near-term profitability, but the company's financial position appears solid. Further analysis on Natera's valuation, market capitalization, and revenue growth is available on InvestingPro.
In conclusion, while insider transactions can provide insights into a company's prospects, investors should consider a comprehensive evaluation of financial metrics and market performance before making investment decisions.