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

Bullish (NYSE:BLSH) CEO Thomas Farley sold 80,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was sold at an average price of $36.41, for a total transaction of $2,912,800.00. Following the completion of the transaction, the chief executive officer owned 4,923,386 shares of the company’s stock, valued at approximately $179,260,484.26. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Bullish Price Performance

Shares of BLSH stock traded up $2.83 on Monday, reaching $39.06. 1,147,637 shares of the company were exchanged, compared to its average volume of 1,816,885. The company has a market cap of $5.89 billion and a price-to-earnings ratio of 390.55. The business has a 50-day moving average price of $34.29 and a 200 day moving average price of $42.23. 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 has a 1 year low of $24.79 and a 1 year high of $118.00.

Bullish (NYSE:BLSH) last released its earnings results on Friday, February 6th. The company reported ($3.73) EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($3.89). The company had revenue of $92.51 million for the quarter. Bullish had a negative return on equity of 10.58% and a negative net margin of 0.95%.The firm’s quarterly revenue was up 67.6% on a year-over-year basis. During the same period in the prior year, the company earned $1.37 earnings per share.

Trending Headlines about Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Broader risk-on rally — optimism around a potential U.S.–Iran peace deal helped the S&P 500 and Nasdaq 100 rebound, providing a tailwind for growth and fintech names that supports BLSH’s share move. Read More.
• Positive Sentiment: Risk appetite for thematic/leveraged products — launches like Defiance’s 2x space ETF (XAIL) signal traders are taking more aggressive, sector-specific positions, consistent with a broader risk-on mood that can lift speculative listings including Bullish. Read More.
• Neutral Sentiment: Market-level analyst coverage is mixed but generally tilted toward selective bullishness in tech and EV/air mobility names (Rivian, Archer) and emerging-tech themes (quantum), supporting a constructive tape for growth shares overall. Read More. • Read More. • Read More.
• Negative Sentiment: Company fundamentals remain a risk — Bullish reported a large EPS miss in its most recent quarter (reported negative EPS vs. consensus), has a very high P/E on thin earnings, and currently trades below its 200?day moving average; volume today is below its 30?day average, suggesting mixed conviction. These factors leave the stock vulnerable to retreats if market sentiment cools.

Analysts Set New Price Targets

BLSH has been the topic of a number of analyst reports. JPMorgan Chase & Co. reduced their price objective on shares of Bullish from $42.00 to $41.00 and set a “neutral” rating on the stock in a report on Friday, February 6th. Wall Street Zen raised shares of Bullish from a “sell” rating to a “hold” rating in a research report on Monday, February 23rd. Rosenblatt Securities reissued a “neutral” rating and set a $39.00 price objective on shares of Bullish in a research report on Thursday. Weiss Ratings reissued a “sell (d)” rating on shares of Bullish in a research report on Friday, March 27th. Finally, Citigroup reduced their target price on shares of Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Bullish currently has an average rating of “Hold” and an average price target of $51.92.

Hedge Funds Weigh In On Bullish

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in BLSH. ARK Investment Management LLC acquired a new position in Bullish during the third quarter worth about $163,904,000. Massachusetts Financial Services Co. MA acquired a new position in shares of Bullish in the third quarter valued at approximately $92,824,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Bullish in the third quarter valued at approximately $91,782,000. Amova Asset Management Americas Inc. acquired a new position in shares of Bullish in the third quarter valued at approximately $91,431,000. Finally, Invesco Ltd. acquired a new position in shares of Bullish in the third quarter valued at approximately $74,658,000.

About Bullish

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.