Opendoor CEO’s $1 Million Share Purchase Fuels 16% Stock Surge Amid Strategic Rescaling
Opendoor Technologies CEO Kasra Nejatian demonstrated confidence in the company's trajectory with a $1 million personal investment, acquiring 125,000 shares on November 11, 2025. The transaction triggered a 16.3% price surge to $7.63, marking the fifth insider purchase in six months.
New leadership unveiled aggressive plans to accelerate home acquisitions and improve margins, countering mixed analyst sentiment. While BlackRock divested 35.7 million shares in Q2 2025, hedge funds have been accumulating positions, creating a divergence in institutional outlook.
The buying spree extends beyond the CEO, with board member Eric Chung-Wei Wu acquiring $5 million in shares. However, former CEO Carrie Wheeler's 671,164 share sale introduces nuance to the insider activity narrative.