Webull (NASDAQ:BULL) CFO Sells $493,900.00 in Stock

Key Points

• Webull CFO Haichen Wang sold 55,000 shares at an average price of $8.98, generating $493,900 and reducing his direct stake by 6.65% to 772,046 shares.
• Webull shares were trading down 4.2% at $8.66, with a market capitalization of $4.61 billion. The company recently reported quarterly EPS of $0.12, exceeding estimates by $0.11, while revenue rose 51.2% year over year to $198.83 million.
• Analyst sentiment remains mixed, resulting in a consensus “Hold” rating and an average price target of $11.00; institutional investors own 92.48% of the company.

Webull Corporation (NASDAQ:BULL - Get Free Report) CFO Haichen Wang sold 55,000 shares of the company's stock in a transaction that occurred on Monday, September 14th. The shares were sold at an average price of $8.98, for a total value of $493,900.00. Following the completion of the transaction, the chief financial officer directly owned 772,046 shares in the company, valued at $6,932,973.08. The trade was a 6.65% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Webull Trading Down 4.2%

NASDAQ:BULL opened at $8.66 on Wednesday. The stock has a 50 day simple moving average of $8.19 and a 200 day simple moving average of $6.90. The stock has a market cap of $4.61 billion, a P/E ratio of 108.26 and a beta of 0.58. Webull Corporation has a 1-year low of $4.50 and a 1-year high of $16.04.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Ritter Alpha LP bought a new position in shares of Webull in the first quarter worth about $48,000. Versant Capital Management Inc increased its position in Webull by 79.8% during the 2nd quarter. Versant Capital Management Inc now owns 7,335 shares of the company's stock worth $48,000 after purchasing an additional 3,255 shares in the last quarter. Allworth Financial LP increased its position in Webull by 67.0% during the 2nd quarter. Allworth Financial LP now owns 8,320 shares of the company's stock worth $54,000 after purchasing an additional 3,337 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Webull in the 1st quarter valued at approximately $59,000. Finally, EverSource Wealth Advisors LLC boosted its position in Webull by 731.0% in the first quarter. EverSource Wealth Advisors LLC now owns 14,260 shares of the company's stock valued at $68,000 after buying an additional 12,544 shares in the last quarter. Institutional investors own 92.48% of the company's stock.

Analysts Set New Price Targets

BULL has been the topic of a number of analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 price objective on shares of Webull in a research note on Friday, August 28th. Scotiabank initiated coverage on shares of Webull in a report on Wednesday, September 2nd. They set a "sector perform" rating and a $9.00 price target for the company. Wall Street Zen upgraded shares of Webull from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Finally, Weiss Ratings raised shares of Webull from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Webull presently has a consensus rating of "Hold" and an average price target of $11.00.

About Webull

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.

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