Opendoor (OPEN) Stock: CEO Buys $1 Million in Shares as Stock Jumps 16%

TLDR

• Opendoor Technologies CEO Kasra Nejatian purchased 125,000 shares worth approximately $1 million on November 11, 2025
• The stock surged 16.3% to $7.63 in the last 24 hours following the insider purchase and strategic announcements
• New management plans to accelerate home purchases and improve profit margins as part of a business rescaling strategy
• Analyst ratings remain mixed with three firms issuing underperform or sell ratings despite raised price targets
• BlackRock removed 35.7 million shares in Q2 2025 while several hedge funds increased positions

Opendoor Technologies CEO Kasra Nejatian made a $1 million bet on his company’s future this week. The executive purchased 125,000 shares on November 11, 2025, in a transaction valued at approximately $1,004,562.

The purchase increased Nejatian’s holdings by 0.1%. He now owns 83,478,299 shares of the company.

Opendoor Technologies Inc., OPEN

The timing of the buy caught investors’ attention. OPEN stock climbed 16.3% to $7.63 in the 24 hours following the transaction.

This marks the fifth insider purchase at the company in the past six months. Board member Eric Chung-Wei Wu made the largest insider buys, acquiring 751,879 shares for roughly $5 million.

President Shrisha Radhakrishna also added 30,000 shares worth about $128,339. However, insider activity wasn’t entirely one-sided.

Former CEO Carrie Wheeler sold 671,164 shares for $376,523. Chief Legal Officer Sydney Schaub made five separate sales totaling 158,810 shares for approximately $184,996.

Management Unveils New Strategy

The new leadership team outlined plans to accelerate home purchases and boost margins. These strategic shifts appear designed to rescale the business after a challenging period.

The company has faced declining revenues and ongoing losses. But recent improvements in cash flow and leverage management have given some investors hope.

Wall Street analysts responded with caution. Citi raised its price target while maintaining a sell rating.

Keefe Bruyette also increased its target to $2.00 but kept an underperform rating. The firm expressed skepticism about execution risks.

BTIG highlighted concerns about the aggressive strategy. The real estate tech sector remains a low-margin, capital-intensive business.

Institutional Investors Split on Direction

Hedge fund activity showed mixed sentiment. BlackRock slashed its position by 70.2%, removing 35.7 million shares in Q2 2025.

State Street also cut its holdings by 64.7%. BNP Paribas Financial Markets dumped 97.3% of its stake.

But other institutional players moved in the opposite direction. Qube Research & Technologies added 12.5 million shares.

Two Sigma Advisers increased its position by 616.7%. Weiss Asset Management and Verition Fund Management also took new positions worth millions.

In total, 161 institutional investors added shares while 163 reduced positions. Members of Congress also showed interest in the stock.

Representative Cleo Fields made two purchases worth up to $30,000. The trades occurred in July and September.

Analyst price targets ranged widely from $0.70 to $2.00. The median target sits at $1.30, well below the current trading price.

The company’s market cap now stands at $6.16 billion. Trading volume has been heavy at an average of 262.9 million shares.

Year-to-date performance shows a gain of 433%. The stock’s technical signals currently point to a buy.

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