Insider Selling: Webull (NASDAQ:BULL) President Sells 53,846 Shares

Key Points

• Webull President Anthony Michael Denier sold 53,846 shares at an average price of $8.32, generating approximately $448,000. The transaction was made under a pre-arranged Rule 10b5-1 trading plan and reduced his holdings by 2.36%.
• Webull shares traded at $8.09, with a market capitalization of about $4.30 billion. The company recently reported quarterly EPS of $0.12, beating estimates by $0.11, while revenue rose 51.2% year over year to $198.83 million.
• Analysts maintain an overall “Hold” rating with an average price target of $11.00, while institutional investors own 92.48% of the stock.

Webull Corporation (NASDAQ:BULL - Get Free Report) President Anthony Michael Denier sold 53,846 shares of the firm's stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $8.32, for a total transaction of $447,998.72. Following the completion of the transaction, the president directly owned 2,224,603 shares of the company's stock, valued at approximately $18,508,696.96. The trade was a 2.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Tuesday, September 8th, Anthony Michael Denier sold 53,846 shares of Webull stock. The stock was 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 shares were sold at an average price of $8.83, for a total transaction of $475,477.84.

Webull Stock Performance

Shares of NASDAQ:BULL traded down $0.16 during trading hours on Tuesday, reaching $8.09. The stock had a trading volume of 11,258,913 shares, compared to its average volume of 15,678,739. Webull Corporation has a 1 year low of $4.50 and a 1 year high of $16.04. The firm's 50 day moving average is $8.26 and its 200-day moving average is $6.97. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 101.14 and a beta of 0.58.

Webull (NASDAQ:BULL - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.01 by $0.11. The business had revenue of $198.83 million during the quarter. Webull had a net margin of 6.26% and a return on equity of 5.95%. The firm's quarterly revenue was up 51.2% on a year-over-year basis. Analysts forecast that Webull Corporation will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Webull

Hedge funds have recently added to or reduced their stakes in the stock. Tidal Investments LLC boosted its position in shares of 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 period. Renaissance Technologies LLC raised its stake in shares of Webull by 321.3% during the first quarter. Renaissance Technologies LLC now owns 1,535,199 shares of the company's stock valued at $7,369,000 after purchasing an additional 1,170,799 shares in the last quarter. Greenland Capital Management LP lifted its holdings in Webull by 0.3% in the second quarter. Greenland Capital Management LP now owns 1,158,725 shares of the company's stock worth $2,225,000 after purchasing an additional 2,912 shares during the period. Bank of New York Mellon Corp grew its position in Webull by 1.7% in the 1st quarter. Bank of New York Mellon Corp now owns 748,970 shares of the company's stock valued at $3,595,000 after buying an additional 12,828 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in Webull by 112.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 738,600 shares of the company's stock valued at $3,545,000 after buying an additional 391,236 shares during the period. 92.48% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on BULL shares. Wall Street Zen raised Webull from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Scotiabank started coverage on Webull in a research note on Wednesday, September 2nd. They issued a "sector perform" rating and a $9.00 target price on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $15.00 price objective on shares of Webull in a research report on Friday, August 28th. Finally, Weiss Ratings raised Webull from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, September 14th. Two research 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. Based on data from MarketBeat.com, Webull has an average rating of "Hold" and an average target price of $11.00.

Webull Company Profile

Webull Corporation NASDAQ: BULL is a digital brokerage and financial technology company that operates an online investment platform for self-directed investors. Its platform is available through mobile applications, desktop software and a web interface, combining brokerage services with market data, research tools, charting capabilities and investor education resources.

Depending on the applicable jurisdiction, Webull provides access to products such as stocks, exchange-traded funds, options, fractional shares and cryptocurrency.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.