Insider Buying Activity at Oportun Financial Corporation: Multiple Insiders Purchase Stock
Are you looking for some insider tips on investing in the stock market? Well, look no further than Oportun Financial Corporation (NASDAQ:OPRT). In the past year, multiple insiders at Oportun Financial have been buying up shares, sending a positive message to shareholders. While insider transactions shouldn’t be the sole basis for investment decisions, it’s always a good idea to keep an eye on what company insiders are doing.
The biggest insider purchase at Oportun Financial was made by Dave Tomlinson, who bought $66k worth of shares at around $2.66 per share. This indicates that insiders see value in the current price of $2.88 per share and are optimistic about the company’s future. Additionally, over the last quarter, insiders have spent a significant amount on shares, totaling $81k, with no sales recorded.
Insider ownership of Oportun Financial stands at 8.7%, worth about $8.9m. While this is not as high as some investors might like to see, the history of insider transactions suggests that insiders are aligned with the company’s long-term goals and are optimistic about its future prospects.
It’s important to note that Oportun Financial is not the only stock where insiders are buying. If you’re interested in finding other small-cap companies with attractive valuations and recent insider purchasing, check out this free list of growing companies.
Overall, the recent insider transactions at Oportun Financial indicate confidence in the company’s future. While it’s always important to consider the risks involved in any investment, these insider transactions can help investors build a thesis about the stock. For a more in-depth analysis, including fair value estimates, risks, and warnings, check out our comprehensive analysis of Oportun Financial.
Remember, this article is meant to provide general commentary based on historical data and analyst forecasts. It’s not financial advice, so be sure to do your own research before making any investment decisions. And if you have any feedback or concerns about the content, feel free to get in touch with us directly. Happy investing!
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The content is based on general research and may not be accurate, reliable, or up-to-date. Before making any financial decisions, it is recommended to consult with a professional financial advisor or conduct thorough research to verify the accuracy of the information presented. The author and publisher disclaim any liability for any financial losses or damages incurred as a result of relying on the information provided in this article. Readers are encouraged to independently verify the facts and information before making any financial decisions.