Natera co-founder Sheena sells $478,944 in common stock

Jonathan Sheena, co-founder of Natera, Inc. (NASDAQ:NTRA), sold 1,480 shares of common stock worth $478,944 on November 11, 2026. Prices ranged between $315.26 and $324.76 per share. This comes after a 56% surge in Natera shares over the past year, although InvestingPro analysis suggests the stock is currently overvalued. The company's market cap is $46.83 billion.

The sales were made through the Caraluna 1 Trust and Caraluna 2 Trust, with Mr. Sheena disclaiming ownership over the shares held by these trusts. He adopted a Rule 10b5-1 trading plan for these transactions on June 11, 2026. Following the sales, Mr. Sheena still owns 214,462 shares directly, with an indirect holding of 7,500 shares each in the two trusts.

Natera reported strong Q3 2026 results, with a 34% revenue increase to $794 million and improved margins. The company raised its full-year revenue guidance to $3.005 billion to $3.035 billion. Canaccord Genuity upgraded Natera to a Buy rating, while Piper Sandler kept an Overweight rating.