09:26 AM EDT, 05/09/2025 (MT Newswires) -- InMode ( INMD ) activist investor DOMA Perpetual Capital Management said Friday it has urged InMode's ( INMD ) board to restart its stock repurchase program and remove Chief Executive Moshe Mizrahy.

In a letter to the board, DOMA Perpetual claimed Mizrahy has made "incorrect and damaging" remarks about the company's capital allocation strategy, especially buybacks, and called for a leadership change, describing Mizrahy's management style as "reckless and antagonistic."

The investor also called on the board to immediately resume and accelerate the company's suspended share buyback program, claiming InMode ( INMD ) holds significant cash reserves and its stock trades remains "a bargain."

InMode ( INMD ) did not immediately respond to MT Newswires' request for comment.

Shares were 1.7% higher in recent premarket activity.