Frode Jacobsen Sells OPRA Shares Worth $822,288
Frode Jacobsen, CFO of OPRA, sold 44,400 shares valued at $822,288 on June 18.
Key Points
- Frode Jacobsen, CFO of OPRA, sold 44,400 shares for $822,288 on June 18, 2026.
- OPRA shares traded near $18.62 on Tuesday, with insider sales by other executives as well.
- Institutional investors like American Century Companies increased their stakes in OPRA.
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Frode Jacobsen, the Chief Financial Officer of OPRA, recently sold 44,400 shares of the company on June 18, 2026. The shares were sold at an average price of $18.52, bringing the total transaction value to approximately $822,288. This transaction was not part of a pre-planned trading program.
Other Institutional Activity in OPRA
Several institutional investors have been active in OPRA recently. Tidal Investments LLC reduced its holdings by 150,697 shares, leaving it with 2,464,742 shares valued at about $35.1 million, a 5.8% decrease. In contrast, American Century Companies Inc. increased its position by 219,035 shares, ending with 1,760,522 shares worth around $25.1 million, marking a 14.2% increase. Schonfeld Strategic Advisors LLC also boosted its stake by 302,009 shares to a total of 1,431,213 shares, valued at approximately $20.4 million, reflecting a 26.7% increase in its holdings.
Opera Limited Stock Down 5.1%
Shares of OPRA traded near $18.62 on Tuesday. Despite recent insider sales, the stock remains under active management by institutional investors. The company’s stock has seen various movements from different funds, reflecting diverse market strategies.
$OPRA stock price
Daily closing prices, year to date. Not investment advice.
Insider Buying and Selling at Opera Limited
In addition to Frode Jacobsen's sale, other insiders have been active. On the same day, June 18, CEO Song Lin sold 44,400 shares at the same price of $18.52. The day before, on June 17, both Jacobsen and Lin sold 25,600 shares each at $18.88. Earlier in the year, on March 26, Executive Chairman Zhou Yahui sold 485,874 shares at $15.21.
Analysts Set New Price Targets
Goldman Sachs maintained its 'buy' rating on OPRA with a price target of $21.5 on January 13, 2026. This reflects continued confidence in the company's potential. The analyst consensus remains positive with a 'buy' recommendation, and the average target price is around $23, based on multiple analyst opinions.
Bottom Line
Frode Jacobsen's recent sale of OPRA shares highlights ongoing insider activity within the company. While insider sales can sometimes signal different perspectives, institutional investors have shown both increases and decreases in their holdings, indicating varied strategies. Investors often track these activities for insight into company performance and market sentiment. Keep in mind that insider transactions are disclosed after they occur and may not reflect the current position.
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