Open Lending Corporation – Nasdaq: Lpro

Open Lending Corporation – Nasdaq: Lpro

Open lending corporation (NASDAQ: LPRO at https://www.webull.com/quote/nasdaq-lpro) stockholders may be concerned that Co-founder Ross Jessup recently sold a large quantity of stock for US$32.64 per share for a total of US$7.9 million. It’s important to remember, though, that they’re still very much invested in the stock, with the sale only reducing their holding by 6.4 percent.

Insider Transactions at Open Lending in the Last 12 Months

In reality, Co-Founder Ross Jessup’s recent sale of Open Lending shares was not their only one this year. They sold for US$26.88 per share in a -US$14 million deal earlier this year. That means an insider decided to sell some shares even though the price was lower than the current price of US$38.20. When an insider sells at a lower price than the current price, it means they thought the lower price was reasonable. That makes us wonder how they feel about the recent (higher) valuation. Although insider selling isn’t a good sign, we can’t tell whether it means insiders believe the stock is overvalued, so it’s just a warning sign. It’s worth noting that this sale represented just 12% of Ross Jessup’s total holding.

Insiders at Open Lending haven’t bought any stock in the last year. Over the last 12 months, you can see a visual representation of insider trades (by companies and individuals).

Statements with a View toward the Future

For the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995, this press release contains some claims that are not historical facts but are forward-looking statements. These forward-looking statements are not intended to function as a guarantee, assurance, forecast, or conclusive statement of fact or probability, and no investor can rely on them as such. Actual events and situations are difficult to predict, if not impossible, and can vary from expectations. The Company has little influence over many real events and circumstances. These forward looking statements are subject to a variety of risks and uncertainties, including those addressed in the company’s particles with the Securities and Exchange Commission, including those discussed under the heading “Risk Factors” in the Registration Statement on Form S-1 gather in a line with the SEC on March 29, 2021, as amended. Real results may vary essentially from the results implied by these forward looking statements if the risks emerge or assumptions prove incorrect. There may be additional factors that the Company is unaware of or dismisses as insignificant that could cause actual results to vary from those projected in the forward-looking statements.

Furthermore, as of the date of this press release, forward-looking statements constitute the Company’s goals, intentions, or projections of future events and views. The Company expects its evaluations to adjust as a result of subsequent events and developments. While the Company reserves the right to update these forward-looking statements at any time in the future, it expressly disclaims any duty to do so. These forward-looking statements should not be construed as reflecting the Company’s views at any time after the date of this press release. As a result, excessive emphasis on forward-looking statements should be avoided. Before investing, you can check other stocks such as amex zom which you can find at https://www.webull.com/quote/amex-zom.