On August 23, 2024, Jeff Walsh, President of LDI Mortgage, a subsidiary of loanDepot Inc (NYSE:LDI), sold 100,000 shares of the company at a price of $2.95 per share. The transaction was reported in a recent SEC filing. Following this sale, the insider now owns 4,072,128 shares of loanDepot Inc.

loanDepot Inc., based in Foothill Ranch, California, operates as a non-bank consumer lender and private mortgage lender in the United States. The company offers a range of consumer lending products, including home equity loans, personal loans and home equity loans.

Over the past year, Jeff Walsh has sold a total of 589,286 shares and purchased no shares of the company’s stock. loanDepot Inc’s insider transaction history shows a pattern of more sales than purchases among insiders, with 24 insider sales and 7 insider purchases over the past year.

loanDepot Inc. shares were trading at $2.95 on the day of the sale, giving the company a market capitalization of approximately $570.296 million. According to GF Value, loanDepot Inc.’s estimated intrinsic value is $1.00 per share, which suggests that the stock is significantly overvalued with a Price to GF Value ratio of 2.95.

The GF value is calculated based on historical multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, together with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ estimates of future business performance.

This recent sale by Jeff Walsh is in line with the general trend of insider selling at loanDepot Inc. and may be of interest to current and prospective investors who monitor insider behavior and company valuation metrics.

This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.

This article first appeared on GuruFocus.