On November 6, 2024, Anirudh Badia, Chief Accounting Officer of Hippo Holdings Inc (HIPO, Financial), executed a sale of 2,552 shares of the company. According to the SEC Filing, the shares were sold at a price of $24.49 per share. Following this transaction, the insider now owns 102,315 shares of Hippo Holdings Inc.
Hippo Holdings Inc operates in the property insurance sector, providing policies that cover home care and maintenance. The company leverages technology to offer integrated home protection and aims to transform the traditional home insurance industry.
Over the past year, Anirudh Badia has sold a total of 4,287 shares and has not purchased any shares. This recent transaction is part of a broader trend observed within the company, where there have been 8 insider sells and no insider buys over the past year.
Shares of Hippo Holdings Inc were trading at $24.49 on the day of the sale, giving the company a market cap of approximately $701.496 million. The stock is currently considered significantly undervalued, with a price-to-GF Value ratio of 0.61, based on a GF Value of $40.10.
The GF Value is determined by historical trading 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 might provide investors with insights into the insider's perspective on the stock's valuation relative to its current market price.
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.
