Key Points
- Webull President Anthony Michael Denier sold 53,846 shares at an average price of $7.33, generating approximately $394,691. The sale was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 2.42%.
- Webull recently reported strong operating results, with quarterly revenue of $198.83 million, up 51.2% year over year, and earnings of $0.12 per share versus analysts’ expectations of $0.01.
- The stock opened at $7.36, while analysts maintain an overall “Hold” rating with an $11 consensus price target; institutional investors own 92.48% of outstanding shares.
Webull Corporation (NASDAQ:BULL - Get Free Report) President Anthony Michael Denier sold 53,846 shares of the stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $7.33, for a total value of $394,691.18. Following the transaction, the president owned 2,170,757 shares of the company's stock, valued at $15,911,648.81. This represents a 2.42% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Anthony Michael Denier also recently made the following trade(s):
- On Monday, September 21st, Anthony Michael Denier sold 53,846 shares of Webull stock. The stock was sold at an average price of $8.32, for a total transaction of $447,998.72.
- On Tuesday, September 8th, Anthony Michael Denier sold 53,846 shares of Webull stock. The shares were sold at an average price of $9.58, for a total transaction of $515,844.68.
- On Tuesday, August 25th, Anthony Michael Denier sold 53,848 shares of Webull stock. The shares were sold at an average price of $8.83, for a total transaction of $475,477.84.
Webull Stock Up 0.3%
Shares of NASDAQ:BULL opened at $7.36 on Tuesday. Webull Corporation has a 52 week low of $4.50 and a 52 week high of $14.51. The stock has a market capitalization of $3.91 billion, a P/E ratio of 92.01 and a beta of 0.64. The firm has a fifty day simple moving average of $8.17 and a two-hundred day simple moving average of $7.09.
Webull (NASDAQ:BULL - Get Free Report) last posted its earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share 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 net margin of 6.26% and a return on equity of 5.95%. The business's revenue was up 51.2% on a year-over-year basis. On average, analysts expect that Webull Corporation will post 0.14 earnings per share for the current year.
Hedge Funds Weigh In On Webull
A number of large investors have recently added to or reduced their stakes in BULL. Tidal Investments LLC boosted its holdings in shares of Webull by 148.8% in the 2nd quarter. Tidal Investments LLC now owns 2,741,993 shares of the company's stock valued at $17,878,000 after buying an additional 1,640,067 shares in the last quarter. Integrated Wealth Concepts LLC lifted its position in Webull by 92.1% during the second quarter. Integrated Wealth Concepts LLC now owns 42,740 shares of the company's stock valued at $279,000 after acquiring an additional 20,487 shares during the last quarter. Allworth Financial LP lifted its position in Webull by 67.0% during the second quarter. Allworth Financial LP now owns 8,320 shares of the company's stock valued at $54,000 after acquiring an additional 3,337 shares during the last quarter. Waverly Advisors LLC acquired a new stake in Webull in the second quarter valued at approximately $87,000. Finally, Corient Private Wealth LP boosted its stake in Webull by 76.4% in the second quarter. Corient Private Wealth LP now owns 406,761 shares of the company's stock valued at $2,652,000 after acquiring an additional 176,233 shares in the last quarter. 92.48% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
A number of brokerages have issued reports on BULL. Wall Street Zen upgraded Webull from a "sell" rating to a "hold" rating in a research report on Saturday, August 22nd. Scotiabank started coverage on shares of Webull in a report on Wednesday, September 2nd. They set a "sector perform" rating and a $9.00 price target on the stock. Rosenblatt Securities reiterated a "buy" rating and set a $15.00 target price on shares of Webull in a research report on Friday, August 28th. Finally, Weiss Ratings raised Webull from a "sell (d-)" rating to a "sell (d)" rating in a research note on Monday, September 14th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $11.00.
Check Out Our Latest Report on Webull
Webull Company Profile
(
Get Free Report)
Webull Corporation (NASDAQ:BULL) is a financial technology company that operates a digital investment platform and online brokerage. Its services are designed for self-directed investors and provide access to market information, research tools, charting and portfolio-management features through mobile and web-based applications.
Through its brokerage businesses, Webull offers trading in products that may include U.S.-listed stocks, exchange-traded funds, options and fractional shares, along with retirement accounts, margin services and other investing features, subject to availability and regulatory requirements.
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