Gemini Space Station (NASDAQ:GEMI) Director Sachin Chand Jaitly Sells 39,708 Shares

Key Points

• Director Sachin Chand Jaitly sold 39,708 shares on March 11 at an average price of $8.92, generating proceeds of $354,195.36, according to an SEC filing.
• GEMI traded at $7.76 (down $0.14) with volume of 2,046,895 versus an average of 1,607,849, a 52‑week range of $5.57–$45.89 and a market cap of about $912.96M; analysts hold an average "Hold" rating with a $16.68 target after several recent downgrades.
• Several hedge funds — including SBI Securities, National Bank of Canada FI, Man Group, Caitong International, and Sandia Investment Management — initiated small new stakes in recent quarters, with positions ranging roughly $51k–$228k.

Gemini Space Station, Inc. (NASDAQ:GEMI - Get Free Report) Director Sachin Chand Jaitly sold 39,708 shares of the company's stock in a transaction dated Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a document filed with the SEC, which is available at this link.

Gemini Space Station Stock Performance

NASDAQ:GEMI traded down $0.14 on Friday, hitting $7.76. The stock had a trading volume of 2,046,895 shares, compared to its average volume of 1,607,849. Gemini Space Station, Inc. has a 52 week low of $5.57 and a 52 week high of $45.89. The company's fifty day moving average price is $8.50. The company has a market cap of $912.96 million and a P/E ratio of -4.29.

Hedge Funds Weigh In On Gemini Space Station

Several hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in Gemini Space Station in the 3rd quarter valued at about $51,000. National Bank of Canada FI bought a new stake in shares of Gemini Space Station in the third quarter valued at approximately $123,000. Man Group plc bought a new stake in shares of Gemini Space Station in the third quarter valued at approximately $201,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Gemini Space Station during the 4th quarter valued at approximately $88,000. Finally, Sandia Investment Management LP bought a new position in Gemini Space Station in the 3rd quarter worth approximately $228,000.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on GEMI. The Goldman Sachs Group lowered their target price on shares of Gemini Space Station from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Friday, December 5th. Evercore lowered Gemini Space Station from an "outperform" rating to an "in-line" rating and set a $10.00 price objective for the company. in a report on Friday, February 6th. Morgan Stanley lowered their price objective on Gemini Space Station from $29.00 to $13.00 and set an "equal weight" rating for the company in a research note on Monday, December 22nd. Truist Financial lowered Gemini Space Station from a "buy" rating to a "hold" rating and set a $7.00 target price on the stock. in a report on Tuesday, February 17th. Finally, Weiss Ratings reiterated a "sell (d)" rating on shares of Gemini Space Station in a report on Monday, December 29th. Three equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $16.68.

Gemini Space Station Company Profile

Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.

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