Lead Independent Director Jocelyn Moore Sold A Bunch Of Shares In OppFi

We'd be surprised if OppFi Inc. (NYSE:OPFI) shareholders haven't noticed that the Lead Independent Director, Jocelyn Moore, recently sold US$155k worth of stock at US$6.70 per share. The eyebrow raising move amounted to a reduction of 32% in their holding.

View our latest analysis for OppFi

The Last 12 Months Of Insider Transactions At OppFi

In the last twelve months, the biggest single sale by an insider was when the Director, David Vennettilli, sold US$169k worth of shares at a price of US$4.34 per share. That means that an insider was selling shares at slightly below the current price (US$6.53). When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 29% of David Vennettilli's stake.

Insiders in OppFi didn't buy any shares in the last year. You can see the insider transactions (by companies and individuals) over the last year depicted in the chart below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

For those who like to find hidden gems this free list of small cap companies with recent insider purchasing, could be just the ticket.

Insider Ownership

Looking at the total insider shareholdings in a company can help to inform your view of whether they are well aligned with common shareholders. We usually like to see fairly high levels of insider ownership. OppFi insiders own about US$13m worth of shares. That equates to 2.3% of the company. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

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. Looking to the last twelve months, our data doesn't show any insider buying. Insider ownership isn't particularly high, so this analysis makes us cautious about the company. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OppFi. To assist with this, we've discovered 3 warning signs that you should run your eye over to get a better picture of OppFi.

But note: OppFi may not be the best stock to buy. So take a peek at this free list of interesting companies with high ROE 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.

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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.