Webull (NASDAQ:BULL) CFO Haichen Wang Sells 55,000 Shares of Stock

Webull Corporation (NASDAQ:BULL) CFO Haichen Wang sold 55,000 shares of the stock in a transaction that occurred 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 $6,932,973.08. The trade was a 6.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Webull Price Performance

Shares of Webull stock opened at $7.69 on Thursday. The firm’s fifty day simple moving average is $8.20 and its 200-day simple moving average is $6.91. The stock has a market capitalization of $4.09 billion, a price-to-earnings ratio of 96.14 and a beta of 0.58. Webull Corporation has a 12 month low of $4.50 and a 12 month high of $16.04.

Webull (NASDAQ:BULL) last issued its quarterly 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. Webull had a net margin of 6.26% and a return on equity of 5.95%. The firm had revenue of $198.83 million during the quarter. The company’s quarterly revenue was up 51.2% on a year-over-year basis. Analysts anticipate that Webull Corporation will post 0.14 earnings per share for the current year.

More Webull News

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

Analyst Ratings Changes

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

Institutional Trading of Webull

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Tidal Investments LLC raised its holdings in Webull by 148.8% during the second quarter. Tidal Investments LLC now owns 2,741,993 shares of the company’s stock worth $17,878,000 after purchasing an additional 1,640,067 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Webull by 321.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,535,199 shares of the company’s stock valued at $7,369,000 after purchasing an additional 1,170,799 shares in the last quarter. Bank of New York Mellon Corp increased its position in Webull by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 748,970 shares of the company’s stock worth $3,595,000 after purchasing an additional 12,828 shares during the period. Healthcare of Ontario Pension Plan Trust Fund raised its stake in shares of Webull by 112.6% during the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 738,600 shares of the company’s stock worth $3,545,000 after buying an additional 391,236 shares in the last quarter. Finally, WINTON GROUP Ltd raised its stake in shares of Webull by 319.2% during the 4th quarter. WINTON GROUP Ltd now owns 418,317 shares of the company’s stock worth $3,250,000 after buying an additional 318,526 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.