Oscar Health Inc (OSCR.N) CFO Richard Blackley Sells Shares Amid Overvaluation Concerns

Key Points

• CFO Richard Blackley sold 24,642 shares of Oscar Health Inc (OSCR) on June 4, 2024, now holding 642,920 shares.
• The stock is priced at $19.45, but GF Value estimates it at $11.61, indicating potential overvaluation.
• Investors should consider insider trading trends and valuation metrics when evaluating investments in Oscar Health Inc (OSCR).

In this news

On June 4, 2024, Richard Blackley, the Chief Financial Officer of Oscar Health Inc (OSCR), sold 24,642 shares of the company, reducing his total holdings to 642,920 shares. This sale is part of a broader trend, as Blackley has sold a total of 179,190 shares over the past year. Notably, there have been 26 insider sales within the company during this period, with no insider purchases reported.

Oscar Health Inc (OSCR) operates as a health insurance provider, leveraging technology and personalized services to enhance customer experience. Despite its innovative approach, the company's stock is currently priced at $19.45, with a market capitalization of $4.495 billion. However, GF Value estimates the stock's intrinsic value at $11.61, suggesting that it may be overvalued.

Investors should take note of these insider trading trends and valuation metrics when considering investments in Oscar Health Inc (OSCR). The consistent insider selling, coupled with the discrepancy between the market price and GF Value estimate, raises questions about the stock's future performance. As the company continues to navigate the competitive health insurance landscape, stakeholders will need to closely monitor these indicators to make informed decisions.