FICO Stock Slips After Filings Show Top Execs Sold Shares

Core Insights - Fair Isaac Corp. (FICO) stock experienced a decline after insider selling, with two executives selling shares worth over $8 million, which investors often interpret as a sign of reduced confidence in the company's outlook [1][2][3] Group 1: Insider Selling - SEC filings revealed that Chief Financial Officer Steven Weber sold 1,800 shares for more than $3 million on August 9, and Executive Vice President Thomas Bowers sold 3,000 shares worth over $5 million on August 12 [3] - The requirement for insiders to file SEC Form 4 within two business days of a material change in stock holdings highlights the importance of transparency in the market [3] Group 2: Stock Performance - Following the release of FICO's earnings report, which showed earnings per share (EPS) slightly below estimates but revenue exceeding forecasts, the stock reached an all-time high above $1,800 on August 14 [4] - Despite the recent decline of 4.2%, FICO shares are still up nearly 50% year-to-date in 2024 [4]