Key Points
- CEO Thomas Farley sold 80,000 shares on April 10 at an average price of $36.41 for about $2.91M, trimming his stake by ~1.6% to 4,923,386 shares (≈$179.3M).
- Bullish posted a major EPS miss for the quarter (reported ($3.73) vs. consensus ~$0.16) despite revenue of $92.51M (up 67.6% YoY), and continues to show negative net margin and ROE.
- Stock context: market cap ~$5.89B with a 12‑month range of $24.79–$118.00, 50/200‑day SMAs of $34.49/$42.07, and an average analyst rating of "Hold" with a $51.92 target.
Bullish (NYSE:BLSH - Get Free Report) CEO Thomas Farley sold 80,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The stock was sold at an average price of $36.41, for a total transaction of $2,912,800.00. Following the completion of the transaction, the chief executive officer directly owned 4,923,386 shares of the company's stock, valued at approximately $179,260,484.26. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Bullish Price Performance
Shares of NYSE BLSH opened at $39.06 on Tuesday. Bullish has a twelve month low of $24.79 and a twelve month high of $118.00. The firm has a market capitalization of $5.89 billion and a P/E ratio of 390.55. The company has a quick ratio of 27.69, a current ratio of 29.28 and a debt-to-equity ratio of 0.15. The stock's 50-day simple moving average is $34.49 and its two-hundred day simple moving average is $42.07.
Bullish (NYSE:BLSH - Get Free Report) last released its quarterly earnings results on Friday, February 6th. The company reported ($3.73) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($3.89). The firm had revenue of $92.51 million for the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The firm's quarterly revenue was up 67.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.37 EPS.
Key Bullish News
Here are the key news stories impacting Bullish this week:
- Positive Sentiment: Broader market rally is providing a tailwind for risk assets, helping push Bullish higher as investors rotate into beaten-down and high-beta names. Stock Market Today: SPY, QQQ Rebound
- Neutral Sentiment: New thematic ETFs and renewed appetite for speculative sectors (e.g., leveraged space ETFs) reflect greater risk tolerance that can indirectly benefit trading platforms and fintech/crypto-related names like Bullish, though the link is indirect and short-term. Bullish On Space Stocks? This New 2X ETF XAIL
- Negative Sentiment: CEO Thomas W. Farley sold 80,000 shares on April 10 at an average $36.41 (about $2.91M). While insiders sell for many reasons, the transaction reduced his stake by ~1.6%, which some investors interpret as a cautionary signal and can weigh on sentiment. SEC filing: Insider Form 4
- Negative Sentiment: Fundamental results remain a concern: Bullish reported a sizable EPS miss in its Feb. 6 quarter (reported ($3.73) vs. consensus ~$0.16) despite revenue growth. That earnings shortfall and negative margins/ROE leave the stock vulnerable to profit-taking if macro support fades. See company page for past results: Bullish MarketBeat Profile
Institutional Trading of Bullish
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. bought a new position in Bullish during the third quarter valued at $91,782,000. Nwam LLC purchased a new stake in shares of Bullish in the third quarter valued at $4,540,000. WINTON GROUP Ltd purchased a new position in shares of Bullish during the 3rd quarter worth about $7,099,000. Monashee Investment Management LLC purchased a new position in shares of Bullish during the 3rd quarter worth about $3,180,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Bullish during the 3rd quarter valued at about $2,723,000.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on BLSH. Wall Street Zen raised Bullish from a "sell" rating to a "hold" rating in a report on Monday, February 23rd. JPMorgan Chase & Co. lowered their target price on Bullish from $42.00 to $41.00 and set a "neutral" rating on the stock in a research report on Friday, February 6th. Rosenblatt Securities reiterated a "neutral" rating and issued a $39.00 price target on shares of Bullish in a research report on Thursday, April 9th. Weiss Ratings reiterated a "sell (d)" rating on shares of Bullish in a research report on Friday, March 27th. Finally, Sanford C. Bernstein reiterated a "market perform" rating and issued a $50.00 price target on shares of Bullish in a report on Tuesday, January 6th. Four investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $51.92.
Check Out Our Latest Analysis on BLSH
About Bullish
(
Get Free Report)
Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm's stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.
The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.
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