Key Points
- Bullish CEO Thomas Farley sold 80,000 shares on May 11 at an average price of $43.95, totaling about $3.52 million. After the sale, he still held 80,000 shares, cutting his ownership by 50%.
- The stock was down 2.2% and opened at $41.86, with a market cap of $6.31 billion. Bullish also trades at a very high P/E ratio of 418.59, reflecting elevated valuation.
- Bullish reported first-quarter revenue of $92.83 million and EPS of $0.13, while analysts currently rate the stock a consensus “Hold” with an average target price of $52.42. Despite recent growth, the company remains unprofitable on a margin basis.
Bullish (NYSE:BLSH - Get Free Report) CEO Thomas Farley sold 80,000 shares of the firm's stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $43.95, for a total value of $3,516,000.00. Following the completion of the sale, the chief executive officer directly owned 80,000 shares in the company, valued at approximately $3,516,000. This represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Bullish Trading Down 2.2%
Shares of NYSE:BLSH opened at $41.86 on Thursday. The company has a market cap of $6.31 billion and a P/E ratio of 418.59. The stock's 50-day moving average is $38.80 and its 200-day moving average is $39.31. Bullish has a 52-week low of $24.79 and a 52-week high of $118.00. The company has a debt-to-equity ratio of 0.15, a quick ratio of 27.69 and a current ratio of 29.28.
Bullish (NYSE:BLSH - Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter. The company had revenue of $92.83 million for the quarter. Bullish had a negative return on equity of 10.58% and a negative net margin of 0.95%. Equities research analysts predict that Bullish will post 0.78 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several brokerages have recently issued reports on BLSH. Citigroup lowered their price target on Bullish from $67.00 to $65.00 and set a "buy" rating on the stock in a research report on Wednesday, March 18th. Rosenblatt Securities raised their price target on Bullish from $39.00 to $45.00 and gave the company a "neutral" rating in a research report on Wednesday. Weiss Ratings reaffirmed a "sell (d)" rating on shares of Bullish in a research report on Friday, March 27th. Wall Street Zen raised Bullish from a "sell" rating to a "hold" rating in a research report on Monday, February 23rd. Finally, JPMorgan Chase & Co. reduced their target price on shares of Bullish from $42.00 to $41.00 and set a "neutral" rating for the company in a research note on Friday, February 6th. Four research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $52.42.
View Our Latest Stock Analysis on BLSH
More Bullish News
Here are the key news stories impacting Bullish this week:
- Positive Sentiment: Bullish reported first-quarter 2026 revenue of $92.8 million and posted $0.13 EPS, showing continued business activity and some earnings progress. Bullish reports first quarter 2026 results
- Positive Sentiment: Management sounded optimistic about future growth, highlighting the proposed Equiniti acquisition as part of a broader expansion strategy for Bullish’s digital-asset and blockchain infrastructure. Bullish reports first quarter 2026 results
- Neutral Sentiment: Rosenblatt raised its price target on Bullish to $45 from $39, but kept a neutral rating, suggesting limited near-term upside conviction. Benzinga report on Rosenblatt rating
- Negative Sentiment: The company remains unprofitable on a margin basis, with a negative net margin and negative return on equity, which may temper enthusiasm despite the earnings beat. Bullish press release
- Negative Sentiment: Recent reports noted the stock was under pressure ahead of earnings and after a CEO share sale, which can add caution among investors. BLSH stock tumbles after pre-earnings price hike
Institutional Investors Weigh In On Bullish
Several hedge funds have recently made changes to their positions in the stock. ARK Investment Management LLC lifted its stake in shares of Bullish by 87.1% in the fourth quarter. ARK Investment Management LLC now owns 4,821,700 shares of the company's stock valued at $182,598,000 after buying an additional 2,244,991 shares during the period. Amova Asset Management Americas Inc. lifted its stake in Bullish by 51.9% during the first quarter. Amova Asset Management Americas Inc. now owns 3,836,063 shares of the company's stock worth $137,139,000 after purchasing an additional 1,311,243 shares during the period. Sumitomo Mitsui Trust Group Inc. lifted its stake in Bullish by 51.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,833,886 shares of the company's stock worth $136,985,000 after purchasing an additional 1,304,573 shares during the period. Invesco Ltd. lifted its stake in Bullish by 87.2% during the fourth quarter. Invesco Ltd. now owns 2,197,520 shares of the company's stock worth $83,220,000 after purchasing an additional 1,023,835 shares during the period. Finally, Massachusetts Financial Services Co. MA lifted its stake in Bullish by 7.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,563,985 shares of the company's stock worth $59,228,000 after purchasing an additional 104,724 shares during the period.
Bullish Company Profile
(
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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