Trade Alert: Lead Independent Director Of OppFi Jocelyn Moore Has Sold Stock

We'd be surprised if OppFi Inc. (NYSE:OPFI) shareholders haven't noticed that the Lead Independent Director, Jocelyn Moore, recently sold US$186k worth of stock at US$9.23 per share. That sale was 34% of their holding, so it does make us raise an eyebrow.

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The Last 12 Months Of Insider Transactions At OppFi

The Chief Risk & Analytics Officer, Christopher McKay, made the biggest insider sale in the last 12 months. That single transaction was for US$1.3m worth of shares at a price of US$12.93 each. While we don't usually like to see insider selling, it's more concerning if the sales take place at a lower price. It's of some comfort that this sale was conducted at a price well above the current share price, which is US$9.76. So it may not shed much light on insider confidence at current levels.

OppFi insiders didn't buy any shares over the last year. You can see a visual depiction of insider transactions (by companies and individuals) over the last 12 months, below. If you want to know exactly who sold, for how much, and when, simply click on the graph below!

View our latest analysis for OppFi

If you like to buy stocks that insiders are buying, rather than selling, then you might just love this free list of companies. (Hint: Most of them are flying under the radar).

Insider Ownership Of OppFi

Many investors like to check how much of a company is owned by insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that OppFi insiders own 1.8% of the company, worth about US$15m. This level of insider ownership is good but just short of being particularly stand-out. It certainly does suggest a reasonable degree of alignment.

What Might The Insider Transactions At OppFi Tell Us?

An insider sold OppFi shares recently, but they didn't buy any. And even if we look at the last year, we didn't see any purchases. While insiders do own shares, they don't own a heap, and they have been selling. We're in no rush to buy! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing OppFi. In terms of investment risks, we've identified 3 warning signs with OppFi and understanding these should be part of your investment process.

Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting 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.