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Patrick O. Zalupski, the President and CEO of Dream Finders Homes, Inc. (NASDAQ:DFH), has recently sold a significant portion of his holdings in the company. According to a recent SEC filing, Zalupski sold 40,818 shares of Class A common stock over two days, with sales occurring on March 10 and March 11, 2025. The shares were sold at prices ranging from $26.06 to $26.62 per share, amounting to a total transaction value of approximately $1.07 million. The $2.44 billion homebuilder currently trades at an attractive P/E ratio of 7.1x, with InvestingPro analysis suggesting the stock is undervalued.
Following these transactions, Zalupski retains ownership of 2,034,282 shares of Class A common stock. Additionally, he holds a substantial amount of Class B common stock, both directly and indirectly, through trusts and other entities. The Class B shares are convertible into Class A shares at Zalupski’s discretion, with no expiration date. The company has demonstrated strong performance with 18.75% revenue growth over the last twelve months, though InvestingPro data indicates high stock price volatility with a beta of 2.0.
These transactions were conducted under a 10b5-1 trading plan, a prearranged plan that allows insiders to sell stocks at predetermined times to avoid accusations of insider trading.
Investors and analysts will likely keep a close eye on Dream Finders Homes and Zalupski’s future stock movements, as such transactions can often signal changes in the executive’s outlook on the company’s performance or personal financial planning.
In other recent news, Dream Finders Homes reported fourth-quarter earnings and revenue that surpassed analyst expectations, driven by a significant increase in home closings. The company announced adjusted earnings per share of $1.29, exceeding the analyst estimate of $1.13, while revenue increased by 35% year-over-year to $1.5 billion, surpassing the $1.41 billion consensus estimate. Home closings rose by 40% to 3,008 in the fourth quarter, with contributions from the acquisition of Crescent Homes earlier in 2024. However, the average sales price saw a decline of 3% to $507,477. For the full year 2024, Dream Finders experienced a 17% rise in home closings to 8,583 units and an 18% increase in revenue to $4.4 billion. The company anticipates approximately 9,250 home closings in 2025, indicating about 8% growth from 2024 levels. Dream Finders also highlighted several acquisitions completed in 2024 and early 2025, expected to contribute to future earnings growth. The adjusted homebuilding gross margin decreased to 26.9% in Q4 from 28.1% the previous year, attributed to higher land and financing costs.
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