Webull (NASDAQ:BULL) General Counsel Sells $453,462.46 in Stock

Webull Corporation (NASDAQ:BULL) General Counsel Benjamin Worthy James sold 50,273 shares of the stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $9.02, for a total value of $453,462.46. Following the sale, the general counsel directly owned 1,150,991 shares in the company, valued at $10,381,938.82. This trade represents a 4.19% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

Webull Stock Down 1.8%

BULL stock opened at $8.78 on Thursday. The firm has a market capitalization of $4.67 billion, a PE ratio of 109.76 and a beta of 0.53. Webull Corporation has a twelve month low of $4.50 and a twelve month high of $16.04. The stock has a 50-day simple moving average of $7.51 and a two-hundred day simple moving average of $6.58.

Webull (NASDAQ:BULL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.01 by $0.11. Webull had a net margin of 6.26% and a return on equity of 5.95%. The firm had revenue of $198.83 million for the quarter. Webull’s revenue for the quarter was up 51.2% compared to the same quarter last year. On average, equities research analysts anticipate that Webull Corporation will post 0.06 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

BULL has been the subject of several analyst reports. Weiss Ratings raised shares of Webull from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, August 19th. Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Finally, Rosenblatt Securities increased their price objective on Webull from $13.00 to $15.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC purchased a new stake in Webull during the second quarter valued at about $3,810,000. Quantbot Technologies LP bought a new stake in Webull during the second quarter worth about $71,000. Sandia Investment Management LP purchased a new position in shares of Webull in the 2nd quarter worth about $771,000. Cable Car Capital LP purchased a new position in shares of Webull during the 2nd quarter valued at about $1,046,000. Finally, AQR Arbitrage LLC purchased a new position in shares of Webull during the 2nd quarter valued at about $1,747,000. 92.48% of the stock is currently owned by hedge funds and other institutional investors.

Webull Company Profile

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.