Insider Transaction Alert: Oportun Financial Corp Chief Legal Officer Sells Shares Worth $12,955 - What Does This Mean for Investors?
In a recent move, Kathleen I. Layton, Chief Legal Officer of Oportun Financial Corp (NASDAQ:), sold 5,288 shares of the company's stock at an average price of $2.45, totaling $12,955. These automatic transactions were related to tax obligations, not discretionary trading. Layton still holds 102,585 shares, indicating ongoing investment in the company. Oportun also secured a $245 million credit facility to boost lending operations.
Analysis:
- Oportun's market cap is $85.38 million, with a strong gross profit margin of 95.11%.
- Price / Book ratio is low at 0.24, potentially signaling undervaluation.
- Net income expected to grow, offering upside for investors.
- Stock's RSI suggests oversold territory, hinting at a possible rebound opportunity.
- 14 InvestingPro Tips available for deeper insights on the company.
This information provides valuable insights for investors, guiding them on potential investment opportunities and the company's financial performance.