Webull (NASDAQ:BULL) President Sells 53,846 Shares of Stock

Webull Corporation (NASDAQ:BULL) President Anthony Michael Denier sold 53,846 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $7.33, for a total transaction of $394,691.18. Following the completion of the sale, the president directly owned 2,170,757 shares in the company, valued at approximately $15,911,648.81. This represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Michael Denier also recently made the following trade(s):

• On Monday, September 21st, Anthony Michael Denier sold 53,846 shares of Webull stock. The stock was sold at an average price of $8.32, for a total transaction of $447,998.72.
• On Tuesday, September 8th, Anthony Michael Denier sold 53,846 shares of Webull stock. The shares were sold at an average price of $9.58, for a total transaction of $515,844.68.
• On Tuesday, August 25th, Anthony Michael Denier sold 53,848 shares of Webull stock. The stock was sold at an average price of $8.83, for a total value of $475,477.84.

Webull Stock Performance

Shares of BULL stock traded up $0.02 during mid-day trading on Monday, hitting $7.36. The company’s stock had a trading volume of 8,427,394 shares, compared to its average volume of 12,089,935. The company has a market cap of $3.91 billion, a PE ratio of 92.01 and a beta of 0.64. The company’s fifty day simple moving average is $8.17 and its 200-day simple moving average is $7.09. Webull Corporation has a 52 week low of $4.50 and a 52 week high of $14.51.

Webull (NASDAQ:BULL) last announced its earnings results on Wednesday, August 19th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.01 by $0.11. Webull had a return on equity of 5.95% and a net margin of 6.26%.The company had revenue of $198.83 million for the quarter. The business’s revenue for the quarter was up 51.2% on a year-over-year basis. On average, equities analysts anticipate that Webull Corporation will post 0.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Scotiabank assumed coverage on Webull in a report on Wednesday, September 2nd. They set a “sector perform” rating and a $9.00 price target on the stock. Weiss Ratings upgraded shares of Webull from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday, September 14th. Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Webull in a research note on Friday, August 28th. Finally, Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $11.00.

Institutional Investors Weigh In On Webull

A number of hedge funds have recently added to or reduced their stakes in the company. Quantinno Capital Management LP acquired a new stake in Webull in the 1st quarter valued at $1,584,000. Tidal Investments LLC raised its holdings in Webull by 148.8% during the second quarter. Tidal Investments LLC now owns 2,741,993 shares of the company’s stock worth $17,878,000 after buying an additional 1,640,067 shares during the last quarter. Corient Private Wealth LP raised its holdings in Webull by 76.4% during the second quarter. Corient Private Wealth LP now owns 406,761 shares of the company’s stock worth $2,652,000 after buying an additional 176,233 shares during the last quarter. Renaissance Technologies LLC lifted its stake in shares of Webull by 321.3% in the first quarter. Renaissance Technologies LLC now owns 1,535,199 shares of the company’s stock valued at $7,369,000 after buying an additional 1,170,799 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in shares of Webull in the fourth quarter valued at $799,000. Institutional investors and hedge funds own 92.48% of the company’s stock.

Webull Company Profile

Webull Corporation (NASDAQ:BULL) is a financial technology company that operates a digital investment platform and online brokerage. Its services are designed for self-directed investors and provide access to market information, research tools, charting and portfolio-management features through mobile and web-based applications.

Through its brokerage businesses, Webull offers trading in products that may include U.S.-listed stocks, exchange-traded funds, options and fractional shares, along with retirement accounts, margin services and other investing features, subject to availability and regulatory requirements.