JOLTS Job Openings (Jun) 7.44M vs 7.5M Expected
Joseph D. Sarafa, a director at Conifer Holdings, Inc. (NASDAQ:CNFR), has acquired 100,000 shares of the company's common stock. The purchase, completed on April 7, 2025, was made at a price of $0.53 per share, amounting to a total transaction value of $53,000. The transaction comes as the stock has shown strong momentum, posting a 19.49% gain over the past week, though trading at just 0.33 times book value. According to InvestingPro analysis, the company appears undervalued at its current market cap of $7.09 million. Following this acquisition, Sarafa now holds 350,000 shares directly. This transaction was documented in a recent SEC Form 4 filing. With analysts forecasting profitability this year and net income growth expected, this insider purchase could signal confidence in the company's outlook. Get deeper insights into insider trading patterns and 12 additional key insights with InvestingPro's comprehensive research reports.
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