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News  ›  The Motley Fool

Aveanna Insider Sells $292,000 in Stock as Shares Surge 99% -- Here's What Long-Term Investors Should Know

The Motley Fool Logo The Motley Fool By Jonathan Ponciano
Aveanna Insider Sells $292,000 in Stock as Shares Surge 99% -- Here's What Long-Term Investors Should Know

Patrick Cunningham, chief compliance officer of Aveanna Healthcare, sold 36,015 shares worth $292,488 between December 30 and January 2. The sale represented 10.93% of his direct holdings but was driven by tax obligations from vested equity awards rather than discretionary selling. Despite the insider sale, the company is experiencing strong operational momentum with Q3 revenue up 22.2% and adjusted EBITDA surging 67.5%, with shares up 99% over the past year.

Insights
JPMpM   neutral

Participating as lead bank in a standard syndicated loan arrangement without exceptional risks or opportunities


AVAH   positive

Despite insider selling, the company demonstrates strong fundamentals with Q3 revenue growth of 22.2% YoY, adjusted EBITDA surge of 67.5%, raised full-year guidance, and stock appreciation of 99% over the past year. The insider sale was driven by tax obligations rather than discretionary selling, and the article emphasizes that operational momentum is more consequential than the stock sale for long-term investors.