The Executive Chairman's concentrated, plan-unmarked sales near highs are a cautionary signal, but NTRA's historical pattern of defying bearish calls suggests this may be liquidity-driven rather than informational. Monitor for any subsequent Form 4 filings establishing a 10b5-1 plan or additional insider sales — absence of a plan filing within 10 days would increase the bearish signal.
Price Chart
Executive Summary
Executive Chairman Matthew Rabinowitz sold ~$27.6M worth of NTRA shares in a concentrated two-day period (Sep 14-15), with an additional $495K sale by Director Jonathan Sheena on Sep 16. The Chairman's sales were executed at prices between $328 and $351, near all-time highs, and represent a material insider liquidation relative to the company's market cap.
Key Financial Metrics
Key Facts
- Executive Chairman Matthew Rabinowitz sold ~$27.6M across 20 open-market trades on Sep 14-15, at prices from $328 to $351.
- Director Jonathan Sheena sold $495K on Sep 16 at $353.83.
- Total cluster sales of ~$28.1M represent approximately 0.4% of NTRA's ~$7B market cap (estimated from ~$350 price and ~20M shares outstanding).
- No 10b5-1 plan markings were indicated for any of the trades.
Financial Impact
~$28.1M in insider sales over 3 days, ~0.4% of market cap
Risk Factors
- Executive Chairman selling ~$27.6M in 2 days without a disclosed trading plan could signal peak valuation concerns.
- No other C-suite officers (CEO, CFO) participated in selling, limiting the breadth of the signal.
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-NTRA-1789781831780 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 20, 2026 6d ago | Insider Cluster | $413.38 $401.37 | ▼ −2.91% | ▼ −1.72% | $409.35 (−0.97%) |
Oct 20, 2026 6d ago | Institutional Cluster | $413.38 $401.37 | ▲ +2.91% | ▲ +1.72% | $409.35 (+0.97%) |
Oct 2, 2026 24d ago | Insider Cluster | $425.64 $400.65 | ▲ +5.87% | ▲ +6.42% | $409.35 (+3.83%) |
Sep 17, 2026 5w ago | Insider Cluster | $369.39 $370.64 | ▼ −0.34% | ▲ +1.21% | $409.35 (−10.82%) |
Sep 17, 2026 5w ago | Insider Cluster | $369.39 $370.64 | ▼ −0.34% | ▲ +1.21% | $409.35 (−10.82%) |
Sep 3, 2026 7w ago | Insider Cluster | $328.18 $324.14 | ▼ −1.23% | ▼ −0.68% | $409.35 (+24.73%) |
Aug 28, 2026 8w ago | Insider Cluster | $321.96 $320.76 | ▲ +0.37% | ▼ −0.31% | $409.35 (−27.14%) |
Aug 14, 2026 10w ago | Insider Cluster | $314.18 $311.69 | ▼ −0.79% | ▼ −0.12% | $409.35 (+30.29%) |
Aug 7, 2026 11w ago | Insider Cluster | $318.35 $312.72 | ▼ −1.77% | ▼ −1.45% | $409.35 (+28.58%) |
Aug 5, 2026 11w ago | Insider Cluster | $265.38 $322.10 | ▼ −21.37% | ▼ −20.76% | $409.35 (−54.25%) |
US Market Status
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