On October 2, 2024, Jeff Walsh, President of LDI Mortgage, executed a sale of 66,670 shares of loanDepot Inc (LDI, Financial). The transaction was filed on the same day through an SEC Filing. Following this sale, the insider now owns 4,005,458 shares of the company.
loanDepot Inc, a company engaged in the mortgage lending industry, provides a range of loan products and services across the United States. The company is known for its digital-first approach, offering solutions that streamline the mortgage process for homeowners and buyers.
Over the past year, Jeff Walsh has sold a total of 630,950 shares and has not made any purchases of the company's stock. This recent transaction is part of a broader trend observed within the company, where insider activity has predominantly leaned towards selling rather than buying. In the past year, there have been 30 insider sells and only 5 insider buys at loanDepot Inc.
Shares of loanDepot Inc were trading at $2.67 on the day of the sale, positioning the company with a market cap of approximately $488.825 million. According to the GF Value, the intrinsic value estimate for the stock is $1.09, indicating a price-to-GF-Value ratio of 2.45. This suggests that loanDepot Inc is significantly overvalued at its current price.
The GF Value is determined by considering historical multiples such as price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow, along with a GuruFocus adjustment factor based on past returns and growth, and future business performance estimates from Morningstar analysts.
This insider sale could be of interest to current and potential investors, providing insight into the insider's perspective on the stock's valuation and future prospects.
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.
