Chief Accounting Officer Mark Torossian of MoneyLion Inc (ML, Financial) sold 328 shares of the company on November 8, 2024, according to a recent SEC Filing. Following this transaction, the insider now owns 20,409 shares of MoneyLion Inc.
MoneyLion Inc operates as a financial technology company that provides lending, financial advisory, and investment services to consumers. The company is known for its digital platform that offers various financial products designed to meet the needs of its users.
Over the past year, Mark Torossian has sold a total of 4,815 shares of MoneyLion Inc and has not made any purchases of the stock. The insider transaction history for MoneyLion Inc shows a trend with 1 insider buy and 33 insider sells over the past year.
On the day of the latest transaction, shares of MoneyLion Inc were trading at $80 each, giving the company a market cap of $898.312 million. The price-earnings ratio of the company stands at 532.62, significantly higher than the industry median of 27.015 and the company’s historical median.
The stock is currently considered Significantly Overvalued according to the GF Value, with a price-to-GF-Value ratio of 3.51. The GF Value of $22.82 is calculated based on historical trading multiples, a GuruFocus adjustment factor, and future business performance estimates.
This recent sale by the insider may be of interest to current and potential investors, providing insight into insider sentiment and potential future stock movements.
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.
