Oportun financial chief legal officer Layton sells $32,939 in stock
Oportun financial chief legal officer Layton sells $32,939 in stock
Kathleen I. Layton, Chief Legal Officer at Oportun Financial Corp (NASDAQ:OPRT), sold 4,223 shares of common stock on September 10, 2026, for a total value of $32,939. The shares were sold at prices ranging from $7.78 to $7.84 per share, with a weighted average price of $7.80. The timing of the sale comes as the stock trades near its 52-week high of $8.30, following a remarkable 90% surge over the past six months.
The sale was conducted to satisfy the reporting person’s minimum tax obligation related to shares issued upon the vesting of a restricted stock unit.
Following this transaction, Ms. Layton directly holds 292,006 shares of Oportun Financial common stock. According to InvestingPro analysis, the stock appears undervalued at current levels, with shares trading below the platform’s Fair Value estimate. For deeper insights into OPRT’s valuation and growth prospects, investors can access the comprehensive Pro Research Report, available for this and 1,400+ other US equities.
In other recent news, Oportun Financial reported second-quarter results that exceeded its own guidance across several key metrics. The company achieved a revenue of $233 million, surpassing the high end of its guidance by $1 million. Adjusted earnings per share (EPS) stood at $0.42, and adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) reached $49 million. However, the company’s GAAP diluted EPS was $0.17, falling short of the forecasted $0.328. Despite this, investors appeared to focus on the stronger-than-expected profitability, improving credit trends, and the company’s higher full-year EBITDA guidance. These developments underscore Oportun Financial’s recent performance and financial outlook.