SoFi CEO enters prepaid forward contract on 1.5 million shares
Director Gregg A. Saretsky of Southwest Airlines Co (NYSE:LUV), currently valued at $15.48 billion, recently purchased shares of the company’s common stock, according to a Form 4 filing with the Securities and Exchange Commission. This insider purchase aligns with a broader pattern of management share buybacks, according to InvestingPro data.
On August 6, 2025, Saretsky acquired a total of 3,345 shares in two separate transactions, with prices ranging from $30.025 to $30.03, for a total value of $100,447. Following these transactions, Saretsky directly owns 23,644 shares of Southwest Airlines. The purchase occurred with the stock trading below its Fair Value, based on InvestingPro analysis, while analysts maintain price targets ranging from $19 to $46 per share. Get access to 8 more exclusive ProTips and comprehensive insider trading analysis with InvestingPro’s detailed research reports.
In other recent news, Southwest Airlines reported second-quarter earnings that did not meet analyst expectations. The company posted a net income of $213 million, or $0.39 per diluted share, which was below the anticipated $0.51 per share. Revenue for the quarter was $7.24 billion, slightly under the consensus estimate of $7.29 billion, marking a 1.5% decrease from the same period last year. In another development, Raymond (NSE:RYMD) James raised its price target for Southwest Airlines to $42.00 from $40.00, maintaining an Outperform rating due to the airline’s ongoing initiatives. The firm highlighted that Southwest’s strategies align with industry peers and are expected to drive improvements. Additionally, Southwest Airlines declared a quarterly dividend of $0.18 per share, payable on September 24, 2025, to shareholders of record as of September 3, 2025. The company also announced the appointment of Doug Brooks as the new independent Chair of the Board, effective August 1, 2025. Rakesh Gangwal, the outgoing Chair, will continue to serve on the board and lead a new Ad Hoc Fleet Oversight Committee.
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