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Wilk Jason, CEO of Dave Inc., sells $1.5m in shares

Published 06/09/2025, 01:10
Wilk Jason, CEO of Dave Inc., sells $1.5m in shares
DAVE
3.77%

Jason Wilk, Chief Executive Officer of Dave Inc. (NASDAQ:DAVE), sold 7,557 shares of Class A Common Stock on September 4, 2025, according to a new SEC filing. The transaction comes as Dave, currently valued at $2.6 billion, has seen its stock surge over 130% in the past six months, despite an 8.7% decline in the past week. According to InvestingPro data, analysts maintain a strong buy consensus on the stock, with 5 analysts recently revising earnings estimates upward. The transactions, were executed at prices ranging from $199.4 to $200.5, resulting in total proceeds of $1,506,894.

Specifically, Wilk sold 7,531 shares at a weighted average price of $199.40 and 26 shares at $200.50. Following the sale, Wilk directly owns 217,854 shares of Dave Inc. in addition to 47,882 shares held in trust.

In other recent news, Dave Inc. reported impressive second-quarter 2025 earnings, surpassing analyst expectations with adjusted earnings of $3.14 per share, far above the anticipated $1.49. The company’s revenue surged by 64% year-over-year to $131.7 million, exceeding the consensus estimate of $112.83 million. Following these results, Dave Inc. raised its full-year 2025 revenue guidance to $505-515 million, surpassing previous forecasts and analyst expectations of $469.5 million. JMP Securities responded by increasing its price target for Dave Inc. from $260 to $280, maintaining a Market Outperform rating. Additionally, Benchmark reiterated its Buy rating with a price target of $320, reflecting continued confidence in the company’s growth. In corporate actions, Dave Inc. announced an increase in its share repurchase authorization to $125 million, up from the previous $50 million, having already deployed $25 million since its second-quarter earnings report. These developments highlight the company’s strategic financial maneuvers and strong performance in recent quarters.

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