If you look at the fall last week anyway, it was a market direction led fall. Not one specific to PushPay. Sometimes its easy to get swayed and develop false hypotheses and that's why I start every day by opening up NASDAQ and us futures and looking a the trend before even eyeing my investments.
The BNPL and other tech's were hit hard too. Sometimes it's easy to read into why institutions do x y or z but it's important imo to stay objective and focus on the business and to make the hard decision of capitalising on weakness when it is heavily market direction led.
If PPH had exhibited isolated weakness in disconnection with the general NASDAQ/Tech market then I would have waited a little more before topping up, but I decided to pick some more up at the NZD 7.80$ range on friday as I am happy holding this long for atleast another FY
Institutions don't really sell or buy at the best times either, but looks like JP decided to underwrite and then exit, but like you said they clearly exited to sell to a new institution probably and if there is no notice I will conclude it was to an already exisiting substantial holder.
PPH Price at posting:
$7.50 Sentiment: Hold Disclosure: Held
