Jay W. Roth Sells 5,497 Shares of Venu Holding Corporation (NYSEAMERICAN:VENU) Stock

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) CEO Jay W. Roth sold 5,497 shares of Venu stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $12.31, for a total transaction of $67,668.07. Following the sale, the chief executive officer directly owned 9,250,003 shares in the company, valued at $113,867,536.93. The trade was a 0.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Venu Stock Down 0.4%

Venu stock traded down $0.05 during midday trading on Friday, reaching $12.14. 25,256 shares of the company traded hands, compared to its average volume of 134,409. The business has a 50 day moving average of $10.56 and a two-hundred day moving average of $9.71. Venu Holding Corporation has a 12 month low of $7.05 and a 12 month high of $14.75. The company has a quick ratio of 2.70, a current ratio of 2.72 and a debt-to-equity ratio of 0.39.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC purchased a new stake in Venu during the first quarter valued at approximately $92,000. Cypress Capital Management LLC WY purchased a new stake in Venu during the first quarter valued at approximately $104,000. North Capital Inc. purchased a new stake in Venu during the first quarter valued at approximately $112,000. Exchange Traded Concepts LLC purchased a new stake in Venu during the first quarter valued at approximately $171,000. Finally, Bleichroeder LP purchased a new stake in Venu during the fourth quarter valued at approximately $183,000.

Wall Street Analysts Forecast Growth

VENU has been the subject of several recent analyst reports. Northland Capmk raised shares of Venu to a "strong-buy" rating in a report on Wednesday, June 11th. Northland Securities initiated coverage on shares of Venu in a research report on Wednesday, June 11th. They set an "outperform" rating and a $15.00 price objective on the stock.

About Venu

Venu Holding Corporation is a premier hospitality and live music company dedicated to crafting luxury, experience-driven entertainment destinations. Venu Holding Corporation is based in COLORADO SPRINGS, Colo.