Key Points
- Webull CFO Haichen Wang sold 55,000 shares at an average price of $8.98, generating approximately $493,900 and reducing his direct stake by 6.65% to 772,046 shares.
- Webull shares opened at $7.69, down 11.2%, with the stock trading below its 52-week high of $16.04. The company recently reported strong results, including $0.12 in quarterly EPS versus a $0.01 consensus estimate and 51.2% year-over-year revenue growth.
- Analysts maintain a consensus “Hold” rating with an average $11 price target, while additional insider selling and potential share issuance tied to the Pi Securities acquisition could create further pressure on the stock.
Webull Corporation (NASDAQ:BULL - Get Free Report) CFO Haichen Wang sold 55,000 shares of the firm's stock in a transaction 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 sale, the chief financial officer directly owned 772,046 shares of the company's stock, valued at approximately $6,932,973.08. This trade represents a 6.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.
Webull Stock Down 11.2%
NASDAQ:BULL opened at $7.69 on Thursday. Webull Corporation has a fifty-two week low of $4.50 and a fifty-two week high of $16.04. The stock has a market cap of $4.09 billion, a PE ratio of 96.14 and a beta of 0.58. The firm's fifty day simple moving average is $8.20 and its 200-day simple moving average is $6.91.
Webull (NASDAQ:BULL - Get Free Report) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.01 by $0.11. The firm had revenue of $198.83 million during the quarter. Webull had a net margin of 6.26% and a return on equity of 5.95%. The company's revenue for the quarter was up 51.2% compared to the same quarter last year. Equities analysts anticipate that Webull Corporation will post 0.14 earnings per share for the current year.
Webull News Roundup
Here are the key news stories impacting Webull this week:
- Positive Sentiment: Webull added CME Nano Index futures contracts, giving customers access to products sized at one-tenth of the standard Micro contract. The launch could support trading activity and broaden the platform’s product offering. Webull Adds CME Nano Index Futures at One-Tenth of Micro Size
- Positive Sentiment: Recent coverage highlighted Webull’s record trading quarter, higher customer assets, the removal of a major regulatory headwind, and the completion of its Pi Securities acquisition. These developments support the company’s longer-term growth narrative, although investors have not yet fully reflected them in the stock’s valuation. The Next Phase of Webull Could Be the One That Matters Most
- Neutral Sentiment: Webull’s decline also came alongside weakness in Robinhood and other financial-technology stocks as investors assessed uncertainty around cryptocurrency regulation, including the pending CLARITY Act decision. The issue is an industry-wide sentiment factor rather than a company-specific operating update. Robinhood and Webull Fall as CLARITY Act Decision Stokes Crypto Uncertainty
- Negative Sentiment: CFO Haichen Wang sold 55,000 shares for approximately $493,900 at an average price of $8.98, reducing his direct ownership by about 6.65%. Investors may interpret the transaction negatively, particularly because recent disclosures show insider sales but no insider purchases. Webull Insider Sold Shares Worth $493,746
- Negative Sentiment: A separate filing indicated that President Anthony Denier sold shares and proposed selling additional stock. Webull’s resale registration related to the Pi Securities acquisition could also make millions of additional shares available, creating a perceived supply overhang and weighing on sentiment. Webull Falls as Insider Sale Disclosure and Share-Supply Overhang Pressure Sentiment
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of BULL. Versant Capital Management Inc raised its position in shares of 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 during the last quarter. Allworth Financial LP grew its holdings in Webull by 67.0% during the 2nd quarter. Allworth Financial LP now owns 8,320 shares of the company's stock valued at $54,000 after buying an additional 3,337 shares during the last quarter. Ritter Alpha LP purchased a new position in Webull during the first quarter worth $48,000. Caitong International Asset Management Co. Ltd acquired a new position in shares of Webull in the fourth quarter worth $91,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Webull in the first quarter worth $59,000. 92.48% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research firms have recently issued reports on BULL. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 price target on shares of Webull in a research report on Friday, August 28th. Scotiabank began coverage on Webull in a research note on Wednesday, September 2nd. They issued a "sector perform" rating and a $9.00 price objective for the company. Wall Street Zen raised Webull from a "sell" rating to a "hold" rating in a report on Saturday, August 22nd. Finally, Weiss Ratings raised Webull from a "sell (d-)" rating to a "sell (d)" rating in a report 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's stock. According to MarketBeat.com, Webull presently has a consensus rating of "Hold" and an average target price of $11.00.
Read Our Latest Analysis on BULL
Webull Company Profile
(
Get Free Report)
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.
See Also
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