MoneyLion Executives Sell Significant Shares in Company Stock

MoneyLion exec sells over $340k in company stock By Investing.com

MONEYLION INC. (NYSE:ML) has reported a recent stock transaction involving its Chief Product Officer, Timmie Hong. In a filing with the Securities and Exchange Commission, Hong sold a total of 7,506 shares of MoneyLion Class A Common Stock across two separate transactions on August 15 and 16. The first sale, on August 15, involved 5,139 shares at a price of $45.10 per share. The following day, an additional 2,367 shares were sold at a price of $46.16 each. The combined sales amounted to over $340,000, with the transactions occurring within a price range of $45.10 to $46.16 per share. MoneyLion, a financial services company, has seen its stock being actively traded by insiders, which can often provide investors with insights into the company's performance and the confidence level of its executives. These latest sales by Hong are part of planned transactions according to the footnotes in the SEC filing, which indicate that the shares were sold to cover tax liabilities related to the vesting of restricted stock units (RSUs) and performance share units (PSUs). The sales were executed under a pre-arranged trading plan that complies with Rule 10b5-1, allowing insiders to sell shares at predetermined times to avoid accusations of trading on non-public information. Following these transactions, Hong still holds a significant number of shares in the company, which includes RSUs and PSUs that are contingent on certain conditions being met. The specific number of shares owned following the transactions was not disclosed in the SEC filing. Investors and market watchers often monitor insider trading activity for signals about the company's prospects. Transactions by high-level executives like Hong can be of particular interest because they may reflect the management's view of the company's future performance. MoneyLion's stock performance and further insider trading activities will continue to be watched closely by the market to gauge the financial health and future growth potential of the company. In other recent news, digital financial platform MoneyLion Inc. reported record Q2 revenue of $131 million and an adjusted EBITDA of $18.5 million. The company's customer base expanded by a significant 73% year-over-year, now reaching 17 million users. MoneyLion's enterprise revenue also saw a 17% growth from the previous quarter. This surge is linked to the company's strategic initiatives and the broadening of its product offerings, including the integration of MoneyLion AI and the development of new products through MoneyLion Labs. MoneyLion expects continued growth and stabilization in the underwriting environment, with revenue guidance for Q3 2024 projected between $133 million and $138 million, and full-year guidance of $525 million to $535 million. The company's forward-looking plans include building brand awareness and expanding its product mix for margin expansion. The company's strategic partnership with Pathward and the introduction of overdraft protection for its digital bank account are among the initiatives aimed at enhancing customer experience. MoneyLion's enterprise platform continues to grow, with over 85 million customer inquiries in Q2. The collaboration with EY on developing embedded financial services for banks is progressing well and is expected to make a significant impact in the coming year. As investors consider the implications of insider trading activity at MoneyLion Inc. (NYSE:ML), it's also important to look at the company's recent financial performance and market position. According to InvestingPro data, MoneyLion has a market capitalization of $514.09 million, reflecting its size and significance in the financial services sector. Despite trading at a high earnings multiple with a P/E ratio of 268.02, the company's revenue has shown robust growth over the last twelve months, up by 23.75% as of Q2 2024. The company's stock has experienced significant price volatility, as evidenced by a 45.32% drop in the one-month price total return as of a recent date in 2024. However, it's worth noting that MoneyLion's stock has delivered a high return over the last year, with a 201.89% increase in the one-year price total return. This suggests that while short-term fluctuations have been pronounced, the overall trajectory over the past year has been positive for investors. For those looking to delve deeper into MoneyLion's financials and stock performance, InvestingPro offers additional insights. There are currently 12 more InvestingPro Tips available for MoneyLion at https://www.investing.com/pro/ML. These tips include expectations of net income growth this year and a note on the company's liquidity, indicating that MoneyLion's liquid assets exceed its short-term obligations. Such insights could be invaluable for investors trying to understand the company's financial health and future prospects. Given the recent insider trading activity and the company's financial data, MoneyLion remains a company of interest for investors seeking to make informed decisions in the financial services industry.

MoneyLion Inc. executive sells over $66k in company stock By Investing.com

MoneyLion Inc. (NYSE:ML) has reported in a recent SEC filing that its Chief Accounting Officer, Mark Torossian, sold a total of 1,469 shares of the company's Class A common stock in two separate transactions. These sales occurred on August 15 and August 16, 2024, and the total proceeds from the sales amounted to over $66,000. According to the filing, on August 15, Torossian sold 811 shares at a price of $45.10 per share. The following day, an additional 658 shares were sold at a price of $46.16 per share. The transactions were executed within a price range of $45.10 to $46.16, reflecting a slight increase in stock value from the first to the second sale. The filings also indicated that these sales were part of a pre-arranged trading plan under Rule 10b5-1, which allows company insiders to set up a predetermined plan to sell stocks at a time when they are not in possession of material non-public information. This type of plan is designed to prevent any accusations of insider trading by establishing a schedule for stock transactions in advance. Following these transactions, the SEC filing noted that Torossian still owns a significant number of shares in MoneyLion Inc., including restricted stock units (RSUs) and performance share units (PSUs), which have been previously reported. Investors and followers of MoneyLion Inc. will often monitor insider sales and purchases as they can provide insights into executives' perspectives on the company's current valuation and future prospects. The transactions by Torossian are part of the routine disclosures required by company executives and are publicly available for review by investors and regulatory bodies. In other recent news, digital financial platform MoneyLion has reported a record Q2 revenue of $131 million and an impressive 73% year-over-year increase in its customer base, now totaling 17 million users. The company's enterprise revenue also saw a growth of 17% from the previous quarter. These developments are attributed to strategic initiatives and product expansion, including the integration of MoneyLion AI and the development of new products through MoneyLion Labs. MoneyLion's revenue guidance for Q3 2024 is expected to be between $133 million and $138 million, with a full-year guidance ranging from $525 million to $535 million. The company plans to increase brand awareness and expand its product mix for margin expansion. Analysts from EY anticipate significant impact from the company's collaboration on developing embedded financial services for banks. The company's strategic partnership with Pathward and the introduction of overdraft protection for its digital bank account are part of the initiatives aimed at enhancing customer experience. The company's enterprise platform is a key driver of growth, positioning the firm as an alternative to traditional customer acquisition services. The transition to a forward flow arrangement is expected to improve cash flow and optimize unit economics, according to company executives. As MoneyLion Inc. (NYSE:ML) navigates the market, recent transactions by the company's Chief Accounting Officer, Mark Torossian, have drawn attention. In light of these developments, a look at the company's current financial metrics can offer a broader context for investors considering the stock's potential. MoneyLion's market capitalization stands at $514.09 million, reflecting its valuation in the financial markets. Despite this, the company's Price to Earnings (P/E) ratio is significantly high at 268.02, suggesting that investors are paying a premium for its earnings compared to the broader market. This high earnings multiple is echoed in the last twelve months as of Q2 2024, where the adjusted P/E ratio is even higher at 282.65. An InvestingPro Tip highlights that MoneyLion is trading at a high earnings multiple, which can be a point of consideration for investors looking for value opportunities. The company's stock price has experienced substantial volatility, with a 1-month price total return as of the end of July 2024 showing a sharp decline of 45.32%. This aligns with another InvestingPro Tip that indicates MoneyLion's stock generally trades with high price volatility. Despite the recent downturn, the 1-year price total return stands at an impressive 201.89%, showcasing a significant recovery over a longer period. For investors seeking additional insights into MoneyLion Inc., there are 13 more InvestingPro Tips available that can provide a deeper analysis of the company's financial health and stock performance. These tips, along with real-time metrics, can be found on the InvestingPro platform. MoneyLion's financial journey is characterized by both challenges and achievements, as evidenced by the mixed signals from its stock performance and valuation metrics. Investors looking to gain a comprehensive understanding of the company's position can benefit from the detailed analysis and real-time data provided by InvestingPro.

MoneyLion executive sells over $300k in company stock By Investing.com

MoneyLion Inc. (NYSE:ML) has reported a recent sale of shares by executive Adam VanWagner, the company's Chief Legal Officer and Secretary. On August 15, 2024, VanWagner sold a total of 6,973 shares of MoneyLion Class A Common Stock at a price of $45.10 per share, amounting to over $314,000 in total. The transaction was carried out automatically to cover tax liabilities related to the vesting of restricted stock units (RSUs) and performance share units (PSUs). According to the footnotes in the filing, this sale was executed in accordance with a pre-arranged trading plan that VanWagner had put in place to meet the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934. Following the sale, VanWagner's direct ownership in the company stands at 109,298 shares. The RSUs and PSUs, which are contingent rights to receive shares of Class A Common Stock, were previously reported in VanWagner's prior Form 4 filings. MoneyLion Inc., headquartered in New York, operates within the financial services sector and is known for its digital financial platform. The company's stock trades under the ticker symbol ML on the New York Stock Exchange. In other recent news, MoneyLion Inc. announced a strong performance for the second quarter of 2024, with record revenue of $131 million and an adjusted EBITDA of $18.5 million. This growth in revenue and customer base, which saw a 73% increase year-over-year reaching 17 million users, is attributed to strategic initiatives and expansion of product offerings. The company's enterprise revenue also grew by 17% from the previous quarter. Notably, MoneyLion has extended its partnership with Pathward and plans to introduce overdraft protection. Looking ahead, the company expects continued growth and stabilization, with revenue guidance for Q3 2024 between $133 million and $138 million. MoneyLion's enterprise business continues to grow, with over 85 million customer inquiries in Q2, and the company is diversifying revenue across multiple financial verticals. Lastly, the integration of MoneyLion AI into enterprise partners' platforms is expected to further strengthen MoneyLion's position in the market. MoneyLion Inc. (NYSE:ML) has been navigating the financial market with notable metrics that could be of interest to investors. The company's market capitalization stands at $514.09 million, reflecting its current valuation in the market. Despite the recent sale of shares by executive Adam VanWagner, MoneyLion has demonstrated significant revenue growth in the last twelve months as of Q2 2024, with an increase of 23.75%. This growth is indicative of the company's expanding operations and market presence. Investors looking at the company's profitability metrics will find that MoneyLion has a high earnings multiple, with a P/E ratio of 268.02 and an adjusted P/E ratio for the last twelve months as of Q2 2024 at 282.65. This suggests that investors are willing to pay a premium for MoneyLion's earnings, potentially due to expectations of future growth. Additionally, the stock has experienced high price volatility, as indicated by a one-month price total return of -45.32% and a three-month price total return of -42.47%, which may attract investors with a higher risk tolerance. Two InvestingPro Tips that could be particularly relevant for MoneyLion investors include the expectation of net income growth this year and the fact that the company's liquid assets exceed its short-term obligations. These insights may provide a sense of confidence regarding the company's financial health and its ability to cover immediate liabilities. For those interested in a deeper analysis, InvestingPro offers additional tips, with a total of 13 InvestingPro Tips available at https://www.investing.com/pro/ML. Overall, MoneyLion's financial performance and executive transactions are key factors for shareholders and potential investors to consider as they assess the company's prospects within the dynamic landscape of the financial services sector.

MoneyLion president sells over $590k in company stock By Investing.com

MoneyLion Inc. (NYSE:ML) President, CFO, and Treasurer Richard Correia has sold a significant portion of his holdings in the company. A recent filing revealed that Correia sold 13,138 shares of Class A Common Stock on August 15, 2024, at a price of $45.10 per share, amounting to a total transaction value of approximately $592,523. The sale was executed automatically to cover the payment of tax liabilities related to the vesting of restricted stock units (RSUs) and performance share units (PSUs). According to the footnotes in the filing, this sale was made pursuant to a pre-established trading plan adopted by Correia on July 30, 2024, which is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Securities Exchange Act of 1934. Following the transaction, Correia still owns 219,187 shares in MoneyLion, which includes both RSUs and PSUs. These units represent a contingent right to receive shares of Class A Common Stock and were previously reported in Correia's prior Form 4 filings. Investors often monitor insider sales as they can provide insights into an executive's view of the company's current valuation and future prospects. However, it is important to note that sales like these can also be part of routine financial planning strategies and may not necessarily reflect a lack of confidence in the company. MoneyLion Inc. is a financial services company based in New York, specializing in personal finance and consumer lending. It is known for its innovative approach to banking and financial services, targeting consumers who seek to manage their finances through technology-driven solutions. For those interested in the company's ongoing financial developments, MoneyLion's stock performance and further transactions by its executives can be followed under its trading symbol NYSE:ML. In other recent news, MoneyLion Inc. reported a record Q2 revenue of $131 million and an adjusted EBITDA of $18.5 million. The company's customer base saw a significant 73% year-over-year increase, reaching 17 million users. This growth is attributed to MoneyLion's strategic initiatives, including the integration of MoneyLion AI and the development of new products through MoneyLion Labs. The company's enterprise revenue also grew by 17% from the previous quarter. Continued growth is expected, as indicated by the company's revenue guidance for Q3 2024, which is projected to be between $133 million and $138 million. Full-year guidance is estimated at $525 million to $535 million. MoneyLion also announced a strategic partnership with Pathward and plans to introduce overdraft protection. These recent developments underscore MoneyLion's commitment to expansion and innovation in its product offerings, with a focus on enhancing customer experience and driving long-term growth. As MoneyLion Inc. (NYSE:ML) navigates the financial landscape, recent data from InvestingPro shows that the company has a market capitalization of $514.09 million, signaling a significant presence in the financial services sector. Despite the insider sale, the firm's revenue growth remains robust, with a 23.75% increase over the last twelve months as of Q2 2024. This growth trajectory is reflected in the company's gross profit margin of 52.28%, demonstrating MoneyLion's ability to maintain profitability. However, investors should be aware of the company's current valuation metrics. With a Price/Earnings (P/E) ratio of 268.02 and an adjusted P/E ratio for the last twelve months as of Q2 2024 at 282.65, the company is trading at a high earnings multiple, which may indicate a premium price relative to earnings. Additionally, MoneyLion's stock has experienced significant price fluctuations, with a 45.32% drop over the previous month and a 201.89% return over the past year, underscoring the stock's high volatility. InvestingPro Tips for MoneyLion suggest that while the company's net income is expected to grow this year, and it has liquid assets exceeding short-term obligations, potential investors should consider the stock's recent performance and high price volatility. For those looking to delve deeper into MoneyLion's financials, there are additional InvestingPro Tips available at https://www.investing.com/pro/ML.

MoneyLion CEO Diwakar Choubey sells shares worth over $900k By Investing.com

MoneyLion Inc. (NYSE:ML) CEO and Director, Diwakar Choubey, has sold a portion of his holdings in the company, according to a recent SEC filing. The transaction, which took place on August 15, involved the sale of 20,133 shares at a price of $45.10, totaling over $907,998. Choubey's sale was executed under a prearranged 10b5-1 trading plan, which allows company insiders to set up a trading plan for selling stocks they own. This plan is often used by corporate executives to avoid accusations of insider trading, as it schedules future transactions at a time when the executive may not have any insider knowledge. Following the transaction, the CEO still holds a significant number of shares directly and indirectly. According to the SEC filing, Choubey directly owns 716,380 shares. Additionally, the filing disclosed indirect ownership through family trusts and a spouse, with 12,622 shares owned by the spouse, and various trusts holding between 27,346 and 28,713 shares each. MoneyLion, a financial services company, has been a player in the fintech industry, offering a range of services including personal loans, financial tracking, and investment solutions. The sale by the CEO is a transaction of interest to investors who closely monitor insider activities as indicators of company performance and executive confidence in the firm's future prospects. Investors and stakeholders in MoneyLion Inc. can access the full details of the transaction through the SEC's website, which provides transparency into the trading activities of company insiders. In other recent news, MoneyLion Inc., a digital financial platform, reported a record Q2 revenue of $131 million and an adjusted EBITDA of $18.5 million. The company's customer base expanded by 73% year-over-year, reaching 17 million users, and its enterprise revenue grew by 17% compared to the previous quarter. These developments are tied to strategic initiatives and product expansion, including the integration of MoneyLion AI and the creation of new products through MoneyLion Labs. MoneyLion anticipates continued growth, with revenue forecasts for Q3 2024 between $133 million and $138 million and full year guidance of $525 million to $535 million. The company's partnership with Pathward continues, and plans are underway to introduce overdraft protection. Notably, MoneyLion's enterprise business is growing, with over 85 million customer inquiries in Q2, and the company is diversifying revenue across multiple financial verticals. The firm is also investing in its tech stack and expanding its ecosystem to improve unit economics. As investors digest the news of MoneyLion Inc. CEO Diwakar Choubey's recent stock sale, it's crucial to consider the company's financial health and market performance for a broader context. According to real-time data from InvestingPro, MoneyLion Inc. has a market capitalization of approximately $514.09 million, reflecting its current valuation within the financial sector. Despite a challenging market environment, the company has demonstrated notable revenue growth over the last twelve months as of Q2 2024, with an increase of 23.75%. This growth is indicative of MoneyLion's potential to expand its foothold in the fintech industry. However, the company's stock has experienced significant price volatility, as evidenced by a 45.32% decline over the last month and a 42.47% drop over the last three months. This level of volatility is a factor that investors should consider, as highlighted by an InvestingPro Tip that MoneyLion's stock generally trades with high price volatility. Additionally, while the stock has seen a high return of 201.89% over the last year, its P/E ratio stands at a lofty 268.02, suggesting that the stock is trading at a high earnings multiple. For those looking to dive deeper into MoneyLion's financials and stock performance, InvestingPro offers additional insights and tips. There are currently 13 more InvestingPro Tips available, which can provide investors with a more comprehensive understanding of the company's potential and risks. To access these tips, visit: https://www.investing.com/pro/ML. Overall, the sale by CEO Choubey may have various interpretations, but the InvestingPro data and tips provide a valuable framework for investors to evaluate the implications of such insider transactions within the broader context of MoneyLion's financial performance and market dynamics.