Janover (NASDAQ:JNVR) Trading 19.6% Higher - Here's What Happened

Janover Inc. (NASDAQ:JNVR - Get Free Report) shot up 19.6% on Friday . The stock traded as high as $53.88 and last traded at $42.50. 5,161,325 shares were traded during mid-day trading, an increase of 2,494% from the average session volume of 198,942 shares. The stock had previously closed at $35.53.

Janover Trading Down 19.4%

The stock has a market capitalization of $54.12 million, a P/E ratio of -13.38 and a beta of -7.59. The stock has a 50 day moving average of $52.06 and a 200-day moving average of $21.38.

Insider Buying and Selling at Janover

In other news, insider Blake Janover sold 738,632 shares of the company's stock in a transaction dated Friday, April 4th. The shares were sold at an average price of $5.42, for a total value of $4,003,385.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 53.87% of the stock is currently owned by corporate insiders.

Janover Company Profile

Janover Inc engages in the provision of commercial property financing solutions. It operates an online platform that connects commercial mortgage borrowers, including owners, operators, and developers of commercial real estate and small business borrowers, looking for capital to refinance, build, or purchase commercial properties, including apartment buildings with commercial property lenders, such as banks, credit unions, REITs, debt funds, multifamily lenders, and others looking to deploy capital into commercial mortgages.