Director Of OppFi Sold 29% Of Their Shares

We'd be surprised if OppFi Inc. (NYSE:OPFI) shareholders haven't noticed that the Director, David Vennettilli, recently sold US$169k worth of stock at US$4.34 per share. That sale was 29% of their holding, so it does make us raise an eyebrow.

View our latest analysis for OppFi

OppFi Insider Transactions Over The Last Year

In fact, the recent sale by David Vennettilli was the biggest sale of OppFi shares made by an insider individual in the last twelve months, according to our records. That means that even when the share price was slightly below the current price of US$4.34, an insider wanted to cash in some shares. We generally consider it a negative if insiders have been selling, especially if they did so below the current price, because it implies that they considered a lower price to be reasonable. However, while insider selling is sometimes discouraging, it's only a weak signal. It is worth noting that this sale was only 29% of David Vennettilli's holding.

David Vennettilli ditched 56.85k shares over the year. The average price per share was US$3.77. The chart below shows insider transactions (by companies and individuals) over the last year. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

I will like OppFi better if I see some big insider buys. While we wait, check out this free list of undervalued and small cap stocks with considerable, recent, insider buying.

Does OppFi Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. From our data, it seems that OppFi insiders own 2.2% of the company, worth about US$8.6m. We do generally prefer see higher levels of insider ownership.

What Might The Insider Transactions At OppFi Tell Us?

An insider hasn't bought OppFi stock in the last three months, but there was some selling. And even if we look at the last year, we didn't see any purchases. Insiders own relatively few shares in the company, and when you consider the sales, we're not particularly excited about the stock. So we're not rushing to buy, to say the least. In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OppFi. At Simply Wall St, we found 3 warning signs for OppFi that deserve your attention before buying any shares.

If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of interesting companies, that have HIGH return on equity and low debt.

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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

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.