Hippo Holdings CEO Spinnaker Torben Ostergaard sells $40,955 in shares
Hippo Holdings CEO Torben Ostergaard sold 1,169 shares of the company's common stock on October 15, 2026, for a total of $40,955. The sale price of each share ranged between $35.00 and $35.07, with an average price of $35.0344 per share. The transactions were conducted under a Rule 10b5-1 trading plan that Ostergaard established on August 22, 2025.
After the sale, he directly owns 60,655 shares, which includes 34,199 Restricted Stock Units (RSUs). The stock is currently trading at $35.28, up 22% over the past six months. InvestingPro analysis suggests the company is undervalued, trading at a P/E ratio of 6.91. The stock is volatile, with a beta of 1.55. Hippo Holdings reported strong Q2 2026 earnings, surpassing expectations with adjusted earnings of $0.79 per share and revenue of $144.7 million, surpassing estimates of $139.84 million.
This marks the fifth consecutive quarter of profitability. Investors are closely monitoring Hippo's ongoing financial performance.
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