Abacus global director Matthew Ganovsky sells $176k in stock

Abacus Global Management CEO Matthew Ganovsky disposed of 22,800 shares of the company's stock on September 23, 2026, according to a report from wire services. The sale, valued at $176,472, was conducted in accordance with a pre-established Rule 10b5-1 trading plan initially adopted on June 18, 2026. Each share was sold at a weighted average price of $7.74, with the price per share fluctuating between $7.63 and $7.86.

Notably, this transaction occurred as Abacus Global shares experienced a 15% drop over the preceding week, currently trading at $7.82. The stock has risen from its 52-week low of $5.00 but remains well below its 52-week high of $12.44. Following the sale, Mr. Ganovsky retained a direct beneficial ownership of 8,651,148 shares of Abacus Global Management common stock.

InvestingPro analysis suggests that the company's shares may be undervalued, with analysts forecasting price targets in the range of $12 to $16. The platform also highlights nine additional ProTips for ABX investors, all available on InvestingPro's undervalued stocks list. Simultaneously, Abacus Global Management delivered impressive financial results for the second quarter, surpassing Wall Street expectations with adjusted earnings per share (EPS) of $0.28, compared to the forecasted $0.2427, marking an increase of about 15.4%.

Moreover, the company's total revenue grew by 30% year-over-year, amounting to $73 million. Management attributes this growth to accelerated capital deployment and the increasing traction of new products. Despite these positive developments, Abacus Global has chosen to maintain its full-year guidance. These recent announcements have been favorably received, as demonstrated by the uptick in after-hours trading.

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