Insider Selling: Webull (NASDAQ:BULL) President Sells $447,998.72 in Stock

Webull Corporation (NASDAQ:BULL) President Anthony Michael Denier sold 53,846 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $8.32, for a total value of $447,998.72. Following the completion of the sale, the president owned 2,224,603 shares of the company’s stock, valued at $18,508,696.96. This trade represents a 2.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Michael Denier also recently made the following trade(s):

• 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 stock was sold at an average price of $8.83, for a total transaction of $475,477.84.

Webull Stock Performance

Webull stock opened at $7.26 on Friday. The firm has a market cap of $3.86 billion, a price-to-earnings ratio of 90.76 and a beta of 0.58. Webull Corporation has a 1 year low of $4.50 and a 1 year high of $16.04. The firm’s 50 day moving average price is $8.25 and its two-hundred day moving average price is $7.00.

Webull (NASDAQ:BULL) last announced its quarterly earnings data on Wednesday, August 19th. The company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.01 by $0.11. The company had revenue of $198.83 million during the quarter. Webull had a return on equity of 5.95% and a net margin of 6.26%.The company’s revenue was up 51.2% on a year-over-year basis. As a group, equities analysts predict that Webull Corporation will post 0.14 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on BULL. Scotiabank initiated coverage on Webull in a research report on Wednesday, September 2nd. They issued a “sector perform” rating and a $9.00 price target for the company. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a report on Saturday, August 22nd. Weiss Ratings raised shares of Webull from a “sell (d-)” rating to a “sell (d)” rating in a research note on Monday, September 14th. Finally, Rosenblatt Securities reiterated a “buy” rating and issued a $15.00 target price on shares of Webull in a report on Friday, August 28th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $11.00.

Institutional Trading of Webull

A number of hedge funds have recently modified their holdings of BULL. Tidal Investments LLC boosted its position in shares of Webull by 148.8% in the second quarter. Tidal Investments LLC now owns 2,741,993 shares of the company’s stock worth $17,878,000 after buying an additional 1,640,067 shares during the period. Integrated Wealth Concepts LLC grew its holdings in shares of 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 buying an additional 20,487 shares in the last quarter. Allworth Financial LP raised 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 buying an additional 3,337 shares during the period. Waverly Advisors LLC acquired a new position in Webull during the second quarter valued at $87,000. Finally, Corient Private Wealth LP lifted its stake in Webull by 76.4% in the 2nd quarter. Corient Private Wealth LP now owns 406,761 shares of the company’s stock worth $2,652,000 after acquiring an additional 176,233 shares in the last quarter. Hedge funds and other institutional investors own 92.48% of the company’s stock.

About Webull

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.