On November 6, 2024, Jeff Walsh, President of LDI Mortgage, executed a sale of 66,666 shares of loanDepot Inc (LDI, Financial). The transaction was filed on the same day with the SEC. Following this sale, the insider now owns 3,973,770 shares of the company.
loanDepot Inc, headquartered in Foothill Ranch, California, operates as a nonbank consumer lender and retail mortgage lender in the United States. It primarily focuses on consumer loan products, offering a range of mortgage products including loans for new home purchases as well as for refinancing existing mortgages.
Over the past year, Jeff Walsh has sold a total of 690,474 shares and has not made any purchases of the company's stock. The insider transaction history for loanDepot Inc shows a trend with 5 insider buys and 32 insider sells over the past year.
Shares of loanDepot Inc were trading at $2.53 on the day of the sale, giving the company a market cap of $491.789 million. According to the GF Value, the intrinsic value estimate for the stock is $1.21, indicating a price-to-GF-Value ratio of 2.09. This suggests that the stock is significantly overvalued.
The GF Value is calculated based on 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 sale by the insider may be of interest to current and potential investors, providing insight into insider confidence and valuation perspectives at loanDepot Inc.
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.
