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Assaf Wand, the Executive Chairman of the Board at Hippo Holdings Inc. (NYSE:HIPO), recently sold a significant portion of his shares in the company. On March 3, Wand sold 12,250 shares of common stock at an average price of $28.9016 per share, totaling approximately $354,044. The sale comes amid HIPO’s impressive market performance, with the stock surging over 104% in the past year and nearly 60% in the last six months, according to InvestingPro data. This transaction was part of a predetermined trading plan under Rule 10b5-1, which Wand had adopted on March 11, 2024. Following this sale, Wand holds 486,814 shares indirectly through the Assaf and Liron Wand 2014 Revocable Trust and 683,517 shares directly. The sales were executed in multiple trades with prices ranging from $28.50 to $29.34. InvestingPro analysis suggests HIPO is currently undervalued, with additional insights available in the comprehensive Pro Research Report, one of 1,400+ deep-dive analyses available to subscribers.
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