Thomas Farley Sells 80,000 Shares of Bullish (NYSE:BLSH) Stock

Bullish (NYSE:BLSH) CEO Thomas Farley sold 80,000 shares of Bullish stock in a transaction on Monday, May 11th. The shares were sold at an average price of $43.95, for a total transaction of $3,516,000.00. Following the completion of the sale, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at approximately $3,516,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Bullish Trading Down 5.7%

BLSH opened at $39.43 on Friday. Bullish has a 1-year low of $24.79 and a 1-year high of $118.00. The company has a current ratio of 29.28, a quick ratio of 27.69 and a debt-to-equity ratio of 0.15. The company has a market cap of $5.95 billion and a P/E ratio of 394.26. The company has a fifty day moving average price of $38.92 and a two-hundred day moving average price of $39.20.

Bullish (NYSE:BLSH) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The company had revenue of $92.83 million during the quarter. The firm’s quarterly revenue was up 48.8% compared to the same quarter last year. Analysts predict that Bullish will post 0.78 EPS for the current fiscal year.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish reported strong Q1 revenue growth and management highlighted optimism around future expansion, including its proposed Equiniti acquisition as part of a broader blockchain infrastructure strategy. Bullish reports first quarter 2026 results
• Positive Sentiment: Several large institutional investors increased their Bullish holdings, which can signal continued long-term confidence in the company’s platform and growth story.
• Neutral Sentiment: Rosenblatt raised its price target on Bullish to $45 from $39, but kept a neutral rating, indicating a mixed view on near-term upside. Benzinga report on Rosenblatt rating
• Negative Sentiment: Q1 EPS missed expectations, which is likely the main reason investors are selling the stock despite revenue growth. Bullish press release
• Negative Sentiment: Ongoing losses, negative net margin, and a recent CEO stock sale are adding caution around the name and may be weighing on sentiment. Bullish CEO stock sale article

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Wall Street Zen raised shares of Bullish from a “sell” rating to a “hold” rating in a research note on Monday, February 23rd. Citigroup reduced their price objective on shares of Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. JPMorgan Chase & Co. reduced their price objective on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a report on Friday, March 27th. Finally, Rosenblatt Securities lifted their price objective on shares of Bullish from $39.00 to $45.00 and gave the company a “neutral” rating in a report on Wednesday. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $52.42.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Rakuten Securities Inc. purchased a new position in Bullish in the fourth quarter valued at about $28,000. Ameritas Advisory Services LLC purchased a new position in Bullish in the third quarter valued at about $29,000. Strs Ohio purchased a new position in Bullish in the fourth quarter valued at about $30,000. MetLife Investment Management LLC purchased a new position in Bullish in the fourth quarter valued at about $30,000. Finally, CWM LLC purchased a new position in Bullish in the third quarter valued at about $31,000.

Bullish Company Profile

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.