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Carrie Wheeler, the Chief Executive Officer of Opendoor Technologies Inc. (NASDAQ:OPEN), a prominent player in the Real Estate Management & Development industry with a market capitalization of $861 million, recently executed a sale of company stock valued at approximately $626,511. The transactions took place on March 17, 2025, involving the sale of a total of 561,237 shares. The shares were sold at a weighted average price, with transactions occurring in a range between $1.095 and $1.15 per share, amid the stock’s 25.6% decline year-to-date.
The stock sale was part of a pre-established Rule 10b5-1 plan, designed to cover tax obligations related to the settlement of previously granted restricted stock awards. As a result, Wheeler’s holdings in Opendoor now stand at 13,536,875 shares, down from prior levels. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 5.67, though its overall financial health score indicates challenges ahead.
This structured sale underscores the strategic financial planning executives often employ to manage tax obligations and equity holdings. InvestingPro analysis reveals 20 additional key insights about Opendoor’s financial position and market performance, available in the comprehensive Pro Research Report.
In other recent news, Opendoor Technologies reported its fourth-quarter 2024 earnings, surpassing analyst expectations with an earnings per share (EPS) of -$0.16, slightly better than the forecasted -$0.17. The company also exceeded revenue projections, achieving $1.08 billion compared to the anticipated $965.32 million. Despite these positive results, UBS analyst Chris Kuntarich revised the price target for Opendoor to $1.20 from $2.00, maintaining a Neutral rating due to ongoing challenges such as unsold inventory and market trends. UBS forecasts stable year-over-year revenue growth for fiscal year 2025, with a contribution margin of 5%, slightly above the street’s estimate. However, the firm remains cautious about Opendoor’s ability to achieve adjusted EBITDA profitability, projecting a loss of $102 million for 2025. Opendoor’s full-year 2024 revenue decreased to $5.2 billion from $6.9 billion in 2023, reflecting broader market challenges. The company plans to focus on cost efficiency and profitability, with forecasts for the first quarter of 2025 projecting revenue between $1.0 billion and $1.075 billion. Opendoor is implementing a new dynamic pricing model to enhance visibility and stimulate growth, although concerns remain about the real estate market’s impact on its performance.
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