loanDepot Inc President Jeff Walsh Sells 39,284 Shares
On February 5, 2024, Jeff Walsh, President of LDI Mortgage, executed a sale of 39,284 shares of loanDepot Inc (NYSE:LDI), as reported in a recent SEC Filing. loanDepot Inc is a company that operates as a nonbank consumer lender and provides a range of loan products across the United States. It is primarily engaged in the origination and servicing of conventional and government mortgage loans for home purchases and refinancing.
Over the past year, the insider has sold a total of 881,992 shares and has not made any purchases. The recent transaction by Jeff Walsh is part of a broader pattern of insider trading activity at loanDepot Inc, which has seen 4 insider buys and 62 insider sells over the past year.
Shares of loanDepot Inc were trading at $2.63 on the day of the insider's recent sale, resulting in a market capitalization of $458.962 million for the company.
The stock's price-to-GF-Value ratio stands at 2.17, indicating that loanDepot Inc is significantly overvalued according to the GF Value estimate of $1.21. The GF Value is a proprietary intrinsic value calculation from GuruFocus, which factors in historical trading multiples, a GuruFocus adjustment for past returns and growth, and future business performance estimates provided by Morningstar analysts.
The insider trend image above reflects the recent insider trading activities at loanDepot Inc.
The GF Value image above provides a visual representation of loanDepot Inc's current valuation in relation to its GuruFocus Value.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
