Key Points
- Procap Financial CIO Jeffrey Jin Hyung Park sold 50,962 shares on May 18 at an average price of $1.93, for proceeds of about $98,357. The sale reduced his ownership by 6.67% to 713,218 shares.
- The company said the transaction was made to cover tax withholding obligations tied to the vesting of equity awards, and it was disclosed in an SEC filing.
- BRR stock fell 5.5% and opened at $1.72, near its 1-year low of $1.71. Analysts currently have an overall Sell rating on the stock.
Procap Financial, Inc. (NASDAQ:BRR - Get Free Report) CIO Jeffrey Jin Hyung Park sold 50,962 shares of the company's stock in a transaction that occurred on Sunday, May 18th. The stock was sold at an average price of $1.93, for a total transaction of $98,356.66. Following the completion of the transaction, the executive owned 713,218 shares in the company, valued at approximately $1,376,510.74. This trade represents a 6.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Procap Financial Stock Down 5.5%
BRR stock opened at $1.72 on Friday. The company has a current ratio of 13.02, a quick ratio of 13.02 and a debt-to-equity ratio of 0.30. Procap Financial, Inc. has a 1-year low of $1.71 and a 1-year high of $16.25.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on BRR. Wall Street Zen lowered Procap Financial from a "hold" rating to a "sell" rating in a research note on Sunday, April 12th. Weiss Ratings started coverage on Procap Financial in a research report on Wednesday. They set a "sell (d-)" rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of "Sell".
View Our Latest Analysis on Procap Financial
Procap Financial Company Profile
(
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ProCap Financial, Inc operates as a bitcoin-native financial services company. The company is based in New York, New York.
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