Mahtiyar Bonakdarpour net worth and biography

Mahtiyar Bonakdarpour Biography and Net Worth

President & Chief Technology Officer of Root

As the President and Chief Technology Officer, Matt guides the company's prioritization and initiatives in support of profitability and growth in addition to leading the Data Science, Analytics, Engineering, IT, InfoSec, State Management, Marketing, and Pricing Actuarial teams. Using modern quantitative methods, his teams facilitate systematic decision-making across the entire company. Root is committed to the rigorous development and effective deployment of statistical machine learning methods to issues including telematics risk scoring, pricing, marketing, and more.

Prior to joining Root in 2017, Matt worked in high frequency trading and statistical arbitrage at Citadel. He holds a BS in Computer Science and Mathematics from Carnegie Mellon University, and a PhD in Statistical Machine Learning from the University of Chicago. Matt has held teaching and research positions at Yale and University of Chicago.

What is Mahtiyar Bonakdarpour's net worth?: The estimated net worth of Mahtiyar Bonakdarpour is at least $38.72 million as of April 2nd, 2025. Mr. Bonakdarpour owns 286,901 shares of Root stock worth more than $38,717,290 as of April 22nd. This net worth estimate does not reflect any other assets that Mr. Bonakdarpour may own. Learn More about Mahtiyar Bonakdarpour's net worth.
How do I contact Mahtiyar Bonakdarpour?: The corporate mailing address for Mr. Bonakdarpour and other Root executives is , , . Root can also be reached via phone at 866-980-9431 and via email at ir@joinroot.com. Learn More on Mahtiyar Bonakdarpour's contact information.
Has Mahtiyar Bonakdarpour been buying or selling shares of Root?: During the last quarter, Mahtiyar Bonakdarpour has sold $688,161.70 in Root stock. Most recently, Mahtiyar Bonakdarpour sold 5,515 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $124.78, for a transaction totalling $688,161.70. Following the completion of the sale, the insider now directly owns 286,901 shares of the company's stock, valued at $35,799,506.78. Learn More on Mahtiyar Bonakdarpour's trading history.
Who are Root's active insiders?: Root's insider roster includes Jonathan Allison (Chief Administrative Officer), Beth Birnbaum (Director), Mahtiyar Bonakdarpour (President & Chief Technology Officer), Daniel Manges (CTO), Julie Szudarek (Director), Alexander Timm (Co-Founder & CEO), and Doug Ulman (Director). Learn More on Root's active insiders.
Are insiders buying or selling shares of Root?: During the last year, insiders at the sold shares 9 times. They sold a total of 270,599 shares worth more than $22,513,429.77. The most recent insider tranaction occured on April, 2nd when insider Mahtiyar Bonakdarpour sold 5,515 shares worth more than $688,161.70. Insiders at Root own 11.7% of the company. Learn More about insider trades at Root.
Information on this page was last updated on 4/2/2025.

Mahtiyar Bonakdarpour Insider Trading History at Root

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
4/2/2025	Sell	5,515	$124.78	$688,161.70	286,901
8/24/2023	Buy	713	$9.83	$7,008.79	300,477
8/22/2023	Buy	9,485	$8.99	$85,270.15	292,550

Mahtiyar Bonakdarpour Buying and Selling Activity at Root

Root Company Overview

Root, Inc. provides insurance products and services in the United States. The company offers automobile, homeowners, and renters insurance products. It operates a direct-to-consumer model; and serves customers primarily through mobile applications, as well as through its website. The company's direct distribution channels also cover digital, media, and referral channels, as well as distribution partners and agencies. Root, Inc. was incorporated in 2015 and is headquartered in Columbus, Ohio.

Today's Range

Now: $134.95

$121.37

$135.67

50 Day Range

MA: $130.39

$97.09

$177.69

2 Week Range

Now: $134.95

$34.04

$181.14

Volume

506,484 shs

Average Volume

521,486 shs

Market Capitalization

$2.05 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

2.41