Hippo Holdings Inc. (NASDAQ:HIPO) CEO Torben Ostergaard, Spinnaker, sold 3,667 shares of common stock on May 15, 2026. Prices ranged from $25.94 to $26.47, with a weighted average of $26.0993, totaling approximately $95,706. The sale was executed under a Rule 10b5-1 trading plan dated August 22, 2025.
HIPO stock currently trades at $25.81, down 14% year-to-date. Despite recent weakness, Bond.az analysis suggests the stock is undervalued at current levels. The company trades at a P/E ratio of 6.49 with a market cap of $693 million.
On the same day, Ostergaard also disposed of 1,340 shares at $26.4123 per share, worth about $35,392, to cover tax liabilities. Following these transactions, he directly holds 64,333 shares, including 37,430 restricted stock units (RSUs).
In other recent news, Hippo Holdings reported strong Q1 2026 performance. Gross written premiums surged 58% year-over-year to $332 million. Net income reached $7 million, or $0.27 per diluted share. These results highlight improved profitability. Despite a slight premarket decline, the outlook remains promising for investors.
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