Core Insights - Perdoceo Education is a prominent provider of online and blended higher education, focusing on career-relevant degree programs and technology-driven learning solutions, which positions the company well in the evolving education market [1] - The company reported a full-year revenue increase of 24% to approximately $846 million, with operating income rising to $196 million, indicating strong enrollment growth and improved efficiency [6] - Insider selling by CFO Ashish R Ghia appears to be tactical rather than indicative of a fundamental shift in confidence, as it aligns with a pattern of periodic sales following a significant stock price increase [5][7] Financial Performance - Full-year revenue climbed 24% to about $846 million, while operating income rose to $196 million, reflecting both enrollment growth and improved efficiency [6] - Net income reached nearly $160 million, and adjusted operating income increased by nearly 26%, signaling expanding profitability as scale improves [6] - The company repurchased $120.8 million in stock last year and has authorized an additional $100 million buyback program, all while maintaining a dividend [7] Stock Activity - On March 18, 2026, CFO Ashish R Ghia sold 33,271 shares of common stock, which accounted for 17.61% of his direct holdings before the sale, leaving him with 155,691 shares [3][4] - The sale of 33,271 shares matches the median share count of Ghia's recent sell transactions since March 2025, indicating a consistent trading pattern [3][4] Market Context - The shares were sold at approximately $35.08 per share, with Perdoceo Education stock delivering a total return of roughly 50% over the preceding year as of the transaction date [2] - The insider selling is viewed as a structured, recurring trim into strength, rather than a shift in conviction, which is important for long-term investors [5]