Kasra Nejatian, Chief Executive Officer at Opendoor Technologies Inc. (OPEN), bought 27,625 shares at $3.62 ($100K) on 2026-08-14, disclosed to the SEC on 2026-08-14.
Opendoor CEO Kasra Nejatian purchased $100,002.50 worth of shares at $3.62, marking the largest purchase of his career and signaling confidence in the stock's recent dip. This move comes just days after the company executed its first-ever buyback, reducing the share count by 5%.
OPEN is down 23.31% over the last 30 days and 16.91% over 90 days, trading 66.56% below its 52-week high of $10.87. The stock is currently at $3.635, a 4.3% gain over the last 5 days.
1) Q2 2026 Earnings Call on 2026-08-11: Management discussed the path to profitability and AI-driven operational leverage. 2) First-ever buyback on 2026-08-13: The company cut its share count by 5% and CEO Nejatian stated, 'I'm All In'. 3) Next earnings date: Q2 2026 results were reported on 2026-08-07, showing sales of $883 million and a net loss of $162 million.
1) Profitability concerns: The company reported a net loss of $162 million in Q2 2026, with revenue declining from $1,567 million to $883 million year-over-year. 2) High short interest: The stock has a short interest percentage of 19.01%, indicating significant bearish sentiment.
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