Have Insiders Sold Oportun Financial Shares Recently?

Anyone interested in Oportun Financial Corporation (NASDAQ:OPRT) should probably be aware that the Senior VP of Finance, Casey Mueller, recently divested US$157k worth of shares in the company, at an average price of US$5.99 each. That sale was 13% of their holding, so it does make us raise an eyebrow.

Check out our latest analysis for Oportun Financial

The Last 12 Months Of Insider Transactions At Oportun Financial

Notably, that recent sale by Casey Mueller is the biggest insider sale of Oportun Financial shares that we've seen in the last year. So what is clear is that an insider saw fit to sell at around the current price of US$5.61. While insider selling is a negative, to us, it is more negative if the shares are sold at a lower price. We note that this sale took place at around the current price, so it isn't a major concern, though it's hardly a good sign.

Over the last year, we can see that insiders have bought 131.26k shares worth US$449k. But they sold 63.78k shares for US$310k. Overall, Oportun Financial insiders were net buyers during the last year. They paid about US$3.42 on average. It is certainly positive to see that insiders have invested their own money in the company. But we must note that the investments were made at well below today's share price. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. By clicking on the graph below, you can see the precise details of each insider transaction!

There are always plenty of stocks that insiders are buying. If investing in lesser known companies is your style, you could take a look at this free list of companies. (Hint: insiders have been buying them).

Insider Ownership Of Oportun Financial

Another way to test the alignment between the leaders of a company and other shareholders is to look at how many shares they own. We usually like to see fairly high levels of insider ownership. Insiders own 8.9% of Oportun Financial shares, worth about US$20m. While this is a strong but not outstanding level of insider ownership, it's enough to indicate some alignment between management and smaller shareholders.

So What Do The Oportun Financial Insider Transactions Indicate?

Insiders haven't bought Oportun Financial stock in the last three months, but there was some selling. But we take heart from prior transactions. We like that insiders own a fair amount of the company. So the recent selling doesn't worry us too much. So these insider transactions can help us build a thesis about the stock, but it's also worthwhile knowing the risks facing this company. To assist with this, we've discovered 2 warning signs that you should run your eye over to get a better picture of Oportun Financial.

Of course Oportun Financial may not be the best stock to buy. So you may wish to see this free collection of high quality companies.

For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.