BuzzFeed, Inc. (NASDAQ:BZFD) Director Janet L. Rolle Sells 24,474 Shares

BuzzFeed, Inc. (NASDAQ:BZFD - Get Free Report) Director Janet L. Rolle sold 24,474 shares of the stock in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $2.11, for a total value of $51,640.14. Following the completion of the transaction, the director now owns 122,223 shares of the company's stock, valued at $257,890.53. The trade was a 16.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

BuzzFeed Trading Down 1.9%

Shares of BZFD traded down $0.04 during midday trading on Tuesday, hitting $2.09. 111,063 shares of the stock were exchanged, compared to its average volume of 612,806. BuzzFeed, Inc. has a 52-week low of $1.61 and a 52-week high of $5.68. The stock has a fifty day simple moving average of $1.96 and a 200 day simple moving average of $2.41.

BuzzFeed (NASDAQ:BZFD - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The company reported ($0.33) EPS for the quarter. BuzzFeed had a negative return on equity of 24.44% and a net margin of 6.37%.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum upgraded BuzzFeed to a "strong-buy" rating in a research report on Tuesday, June 10th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of BZFD. Renaissance Technologies LLC boosted its holdings in BuzzFeed by 359.5% in the fourth quarter. Renaissance Technologies LLC now owns 792,318 shares of the company's stock valued at $2,115,000 after purchasing an additional 619,892 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in BuzzFeed by 1,461.0% in the fourth quarter. Cubist Systematic Strategies LLC now owns 251,973 shares of the company's stock valued at $673,000 after purchasing an additional 235,831 shares during the period. Marshall Wace LLP purchased a new position in BuzzFeed in the fourth quarter valued at $597,000. Dimensional Fund Advisors LP boosted its holdings in BuzzFeed by 1,006.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 210,909 shares of the company's stock valued at $563,000 after purchasing an additional 191,841 shares during the period. Finally, Two Sigma Investments LP purchased a new position in BuzzFeed in the fourth quarter valued at $391,000. 37.64% of the stock is currently owned by hedge funds and other institutional investors.

About BuzzFeed

BuzzFeed, Inc, a digital media company, distributes content across owned and operated, as well as third-party platforms. The company offers BuzzFeed, a go-to authority for entertainment, pop culture, and Internet with articles, lists, quizzes, videos, and original series; BuzzFeed News, a pocket friendly newsroom; Tasty, a platform for food content; HuffPost, media platform for news, politics, opinion, entertainment, features, and lifestyle content.

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