Anyone interested in OppFi Inc. (NYSE:OPFI) should probably be aware that the Director, David Vennettilli, recently divested US$169k worth of shares in the company, at an average price of US$4.34 each. The eyebrow raising move amounted to a reduction of 29% in their holding.

The Last 12 Months Of Insider Transactions At OppFi

Notably, that recent sale by David Vennettilli is the biggest insider sale of OppFi shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even below the current price of US$4.47. 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. While insider selling is not a positive sign, we can't be sure if it does mean insiders think the shares are fully valued, so it's only a weak sign. This single sale was just 29% of David Vennettilli's stake.

David Vennettilli divested 56.85k shares over the last 12 months at an average price of US$3.77. 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!

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).

Does OppFi Boast High Insider Ownership?

Many investors like to check how much of a company is owned by insiders. A high insider ownership often makes company leadership more mindful of shareholder interests. Our data indicates that OppFi insiders own about US$8.7m worth of shares (which is 2.3% of the company). Whilst better than nothing, we're not overly impressed by these holdings.

So What Does This Data Suggest About OppFi Insiders?

An insider sold OppFi shares recently, but they didn't buy any. Looking to the last twelve months, our data doesn't show any insider buying. When you combine this with the relatively low insider ownership, we are very cautious 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. In terms of investment risks, we've identified 3 warning signs with OppFi and understanding them should be part of your investment process.

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.