Joseph P. Davy Sells 25,000 Shares of Banzai International, Inc. (NASDAQ:BNZI) Stock

Banzai International, Inc. (NASDAQ:BNZI) CEO Joseph P. Davy sold 25,000 shares of the firm’s stock in a transaction on Monday, April 21st. The shares were sold at an average price of $0.96, for a total value of $24,000.00. Following the sale, the chief executive officer now directly owns 279,908 shares of the company’s stock, valued at $268,711.68. This represents a 8.20 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Banzai International Stock Up 0.9 %

Banzai International stock opened at $1.09 on Wednesday. The stock’s 50 day moving average is $1.13 and its 200-day moving average is $1.59. Banzai International, Inc. has a 12 month low of $0.73 and a 12 month high of $19.90.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Banzai International stock. Two Sigma Securities LLC purchased a new stake in Banzai International, Inc. (NASDAQ:BNZI) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 27,730 shares of the company’s stock, valued at approximately $42,000. Two Sigma Securities LLC owned approximately 0.47% of Banzai International as of its most recent filing with the Securities & Exchange Commission. 96.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Ascendiant Capital Markets decreased their price target on shares of Banzai International from $30.00 to $26.00 and set a “buy” rating on the stock in a research note on Monday.

About Banzai International

Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event registrants; and Reach, a SaaS and managed service to increase registration and attendance of marketing events.