Procap Financial (NASDAQ:BRR) CIO Sells $98,356.66 in Stock

Procap Financial, Inc. (NASDAQ:BRR) CIO Jeffrey Jin Hyung Park sold 50,962 shares of Procap Financial stock in a transaction dated Sunday, May 18th. The stock was sold at an average price of $1.93, for a total value of $98,356.66. Following the sale, the executive owned 713,218 shares of the company’s stock, valued at approximately $1,376,510.74. This represents a 6.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Procap Financial Trading Down 4.7%

Procap Financial stock opened at $1.64 on Friday. The stock has a market cap of $148.53 million and a PE ratio of -1.26. The stock has a 50-day moving average price of $2.08 and a 200 day moving average price of $5.66. Procap Financial, Inc. has a 52 week low of $1.61 and a 52 week high of $16.25. The company has a current ratio of 13.02, a quick ratio of 13.02 and a debt-to-equity ratio of 0.30.

Analysts Set New Price Targets

A number of analysts recently commented on BRR shares. Wall Street Zen cut Procap Financial from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. Weiss Ratings started coverage on Procap Financial in a research report on Wednesday. They set a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Procap Financial currently has an average rating of “Sell”.

Procap Financial Company Profile

ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.