Webull (NASDAQ:BULL) CFO Sells $493,900.00 in Stock

Webull Corporation (NASDAQ:BULL) CFO Haichen Wang sold 55,000 shares of the company’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $8.98, for a total value of $493,900.00. Following the sale, the chief financial officer owned 772,046 shares in the company, valued at approximately $6,932,973.08. The trade was a 6.65% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Webull Price Performance

NASDAQ BULL opened at $8.25 on Friday. The business has a 50 day simple moving average of $8.23 and a 200 day simple moving average of $6.94. Webull Corporation has a one year low of $4.50 and a one year high of $16.04. The stock has a market capitalization of $4.39 billion, a P/E ratio of 103.14 and a beta of 0.58.

Webull (NASDAQ:BULL) last issued its quarterly earnings results on Wednesday, August 19th. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.11. The firm had revenue of $198.83 million for the quarter. Webull had a return on equity of 5.95% and a net margin of 6.26%.Webull’s revenue was up 51.2% compared to the same quarter last year. Equities analysts expect that Webull Corporation will post 0.14 earnings per share for the current year.

Institutional Investors Weigh In On Webull

Several hedge funds and other institutional investors have recently modified their holdings of BULL. Greenland Capital Management LP lifted its holdings in shares of Webull by 0.3% in the 2nd quarter. Greenland Capital Management LP now owns 1,158,725 shares of the company’s stock worth $2,225,000 after purchasing an additional 2,912 shares in the last quarter. Versant Capital Management Inc increased its stake in Webull by 79.8% during the 2nd quarter. Versant Capital Management Inc now owns 7,335 shares of the company’s stock valued at $48,000 after purchasing an additional 3,255 shares in the last quarter. Allworth Financial LP increased its stake in Webull by 67.0% during the 2nd quarter. Allworth Financial LP now owns 8,320 shares of the company’s stock valued at $54,000 after purchasing an additional 3,337 shares in the last quarter. Hsbc Holdings PLC increased its stake in Webull by 19.5% during the 1st quarter. Hsbc Holdings PLC now owns 55,456 shares of the company’s stock valued at $264,000 after purchasing an additional 9,063 shares in the last quarter. Finally, Ritter Alpha LP acquired a new position in Webull during the first quarter worth $48,000. Institutional investors own 92.48% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on BULL. Weiss Ratings upgraded shares of Webull from a “sell (d-)” rating to a “sell (d)” rating in a research report on Monday. Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a research note on Saturday, August 22nd. Rosenblatt Securities reaffirmed a “buy” rating and issued a $15.00 price target on shares of Webull in a research note on Friday, August 28th. Finally, Scotiabank initiated coverage on shares of Webull in a report on Wednesday, September 2nd. They set a “sector perform” rating and a $9.00 price objective on the stock. 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $11.00.

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.