Abacus global CEO Jay Jackson sells $1.7m in company stock

Abacus Global Management CEO Jay J. Jackson sold 196,000 shares of the company's stock on August 12, 2026, transferring $1.7 million to satisfy tax obligations. The stock price fluctuated between $8.53 and $9.07 during the transactions, with an average sale price of $8.77 per share. Since the sale, Abacus Global stock has risen to $9.27, marking a 49% increase over the past year.

Despite the stock's current value, InvestingPro data indicates it is still undervalued, with a Fair Value of $12.26, placing it on the list of most undervalued stocks. Following the sales, Jackson owned 10,397,430 shares of Abacus Global Management common stock. The company's recent second-quarter earnings exceeded Wall Street expectations, with adjusted earnings of $0.28 per share, surpassing the forecasted $0.2427 per share.

Revenue for the quarter reached $73 million, a 30% increase compared to the previous year. Management attributed this growth to increased capital deployment and the success of new products. The company has maintained its full-year guidance as unchanged. These financial improvements have positively influenced the company's recent after-hours trading.