Oppenheimer (OPY) News Today

Oppenheimer Holdings, Inc. (NYSE: OPY) shares are reacting to a mix of company-related events this morning, including insider transactions, the firm’s flagship conference and recent analyst commentary.

• Positive Sentiment: Oppenheimer is hosting its 28th Annual Technology, Internet & Communications Conference this week, drawing executives from leading fintech and gaming firms such as Rush Street Interactive—underscoring OPY’s strong investment-banking and advisory franchise.Rush Street Interactive to Participate at the Oppenheimer Conference
• Neutral Sentiment: OppenheimerFunds sold Rs 2,035 cr of Kotak Mahindra Bank shares in an open-market transaction, reflecting routine portfolio rebalancing rather than a shift in OPY’s core operations.OppenheimerFunds sells Kotak Mahindra Bank’s shares
• Neutral Sentiment: Oppenheimer’s equity research team published a flurry of price-target updates—raising targets on Shopify (SHOP) and DoorDash (DASH) while trimming others like Sprout Social (SPT)—highlighting the firm’s broad coverage but not directly altering OPY’s own fundamentals.Oppenheimer Raises Shopify Price Target
• Negative Sentiment: Insider Dennis P. McNamara sold 2,000 OPY shares at an average price of $73.81—an 8.4% reduction in his holdings—which may weigh on market sentiment.Dennis P. McNamara Sells OPY Shares
• Negative Sentiment: Wall Street Zen downgraded Oppenheimer from a “buy” to a “hold” rating in early August, signaling more cautious analyst expectations for the stock.