TLDR
- Opendoor (OPEN) stock gained 8% Friday after interim CEO purchased 30,000 shares worth $128,340
- First insider purchase since December 2021 signals executive confidence in turnaround strategy
- Stock has exploded 646% this quarter and 260% over six months in retail-driven rally
- Company pivoting from iBuying platform to AI-powered multi-product ecosystem under new leadership
- Analysts remain bearish with sell ratings and $1.02 average price target despite recent gains
Opendoor Technologies stock jumped 8% Friday following news that interim CEO Shrisha Radhakrishna purchased 30,000 shares. The executive buy sent a clear confidence signal to retail investors driving the stock’s massive rally.

Radhakrishna bought 28,400 shares at $4.27 each and 1,600 shares at $4.42 per share. The total investment of $128,340 increased his holdings to 4.28 million shares.
This marks the first insider purchase at Opendoor since December 2021. The rare executive buying activity has energized retail traders who have pushed shares up 646% this quarter alone.
Leadership Shakeup Drives Strategic Pivot
The company underwent major leadership changes in mid-August when CEO Carrie Wheeler stepped down. Radhakrishna, who served as Chief Technology & Product Officer since 2024, took over as President and interim leader.
Under his guidance, Opendoor is transforming from a pure iBuying platform into an AI-powered ecosystem. The interim CEO has called artificial intelligence a “core building block” for the company’s next growth phase.
New product launches include Cash Plus and the Opendoor Key Agent App. These innovations aim to improve pricing models and customer experiences while boosting conversion rates.
The stock’s current price of $4.45 sits far above Wall Street’s consensus target of $1.02. This gap reflects the disconnect between retail enthusiasm and professional analyst skepticism.
Analyst Skepticism Persists Despite Rally
Wall Street analysts maintain bearish outlooks on Opendoor despite the explosive stock performance. The consensus rating remains Sell based on one Buy, two Hold, and five Sell recommendations.

Analysts cite ongoing profitability concerns and high operating costs as major red flags. The company is expected to post losses of $305 million in the near term according to current forecasts.
The average price target of $1.02 implies potential downside of 77% from current levels. This bearish view reflects doubts about whether the rally can sustain without fundamental improvements.
TipRanks shows a Positive signal for insider trading activity following Radhakrishna’s purchase. The timing coincides with growing hopes for Federal Reserve rate cuts that could benefit real estate companies.
Retail traders have driven Opendoor up 260% over the past six months in classic meme stock fashion. Interest rate cut speculation and the leadership transition have fueled the trading frenzy.
The stock delivered a total return of 106.98% over the past year including dividends. This performance contrasts sharply with declining tech sector benchmarks during the same period.
Radhakrishna’s share purchase represents his first stock acquisition since becoming interim CEO in August 2025.