Abacus global director Sean McNealy sells $671,464 in stock

Abacus Global Management, Inc. (NASDAQ:ABX) saw a significant share sale by its director and 10% owner, Sean McNealy, in mid-September 2026. The director offloaded a total of $671,464 worth of shares through three transactions. The shares were sold at prices ranging from $8.01 to $8.79, following a weighted average price for the transactions.

Despite the recent decline in ABX stock price by nearly 13%, analysts maintain that the stock is undervalued, with price targets ranging between $12 and $16 - suggesting a potential upside of 50% or more. Mr. McNealy's transactions were carried out in accordance with a Rule 10b5-1 trading plan he had established in June 2025. Following the sales, he still owns 12,529,652 shares directly and indirectly owns an additional 86,207 shares through a jointly held LLC with his spouse.

Abacus Global Management reported strong second-quarter earnings, surpassing Wall Street expectations. The company reported adjusted earnings of $0.28 per share, beating the forecast of $0.2427 and marked a 15.4% increase over prior year figures. Revenue reached $73 million, representing a 30% increase from the previous year. Management announced that capital deployment accelerated during the quarter and new products showed promising traction in the market. The company maintained its full-year guidance, demonstrating confidence in its strategies.