Insider Selling: Venu Holding Corporation (NYSEAMERICAN:VENU) Director Sells 6,435 Shares of Stock

Venu Holding Corporation (NYSEAMERICAN:VENU - Get Free Report) Director David Lavigne sold 6,435 shares of the business's stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $11.34, for a total value of $72,972.90. Following the completion of the transaction, the director directly owned 165,864 shares in the company, valued at approximately $1,880,897.76. This trade represents a 3.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

David Lavigne also recently made the following trade(s):

• On Monday, June 30th, David Lavigne sold 2,390 shares of Venu stock. The stock was sold at an average price of $11.32, for a total value of $27,054.80.
• On Thursday, June 26th, David Lavigne sold 3,263 shares of Venu stock. The shares were sold at an average price of $11.92, for a total transaction of $38,894.96.
• On Wednesday, June 25th, David Lavigne sold 2,459 shares of Venu stock. The shares were sold at an average price of $11.95, for a total transaction of $29,385.05.
• On Tuesday, June 24th, David Lavigne sold 221 shares of Venu stock. The stock was sold at an average price of $13.05, for a total transaction of $2,884.05.
• On Tuesday, June 24th, David Lavigne sold 555 shares of Venu stock. The shares were sold at an average price of $13.05, for a total value of $7,242.75.
• On Monday, June 23rd, David Lavigne sold 505 shares of Venu stock. The shares were sold at an average price of $13.44, for a total value of $6,787.20.
• On Monday, June 23rd, David Lavigne sold 724 shares of Venu stock. The stock was sold at an average price of $13.44, for a total transaction of $9,730.56.

Venu Trading Up 4.4%

Shares of VENU stock traded up $0.52 on Tuesday, hitting $12.31. 85,679 shares of the stock traded hands, compared to its average volume of 50,582. The firm has a 50 day simple moving average of $9.72 and a two-hundred day simple moving average of $9.54. Venu Holding Corporation has a 52 week low of $7.05 and a 52 week 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.

Wall Street Analyst Weigh In

VENU has been the subject of several recent research reports. Northland Capmk raised Venu to a "strong-buy" rating in a research report on Wednesday, June 11th. Northland Securities began coverage on Venu in a research note on Wednesday, June 11th. They issued an "outperform" rating and a $15.00 price target for the company.

Institutional Trading of Venu

Several hedge funds have recently modified their holdings of VENU. Focus Partners Wealth bought a new stake in shares of Venu during the fourth quarter worth $589,000. Willis Investment Counsel purchased a new position in Venu in the 1st quarter worth about $299,000. Exchange Traded Concepts LLC bought a new stake in Venu during the 1st quarter valued at about $171,000. Gabelli Funds LLC purchased a new stake in Venu in the 4th quarter valued at about $590,000. Finally, Bard Associates Inc. purchased a new stake in Venu in the 4th quarter valued at about $1,861,000.

Venu Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.