Insider Selling: UP Fintech (NASDAQ:TIGR) Director Sells $42,931.80 in Stock

UP Fintech Holding Limited (NASDAQ:TIGR) Director Jian Liu sold 9,333 shares of the stock in a transaction dated Thursday, June 25th. The stock was sold at an average price of $4.60, for a total value of $42,931.80. Following the sale, the director directly owned 62,665 shares in the company, valued at $288,259. This represents a 12.96% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

UP Fintech Stock Performance

Shares of TIGR stock opened at $4.69 on Monday. UP Fintech Holding Limited has a 52-week low of $4.00 and a 52-week high of $13.55. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.06. The stock has a market cap of $889.69 million, a PE ratio of 7.82 and a beta of 0.46. The business has a 50-day simple moving average of $5.62 and a 200-day simple moving average of $7.27.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TIGR shares. Bank of America restated a “buy” rating on shares of UP Fintech in a research report on Monday, June 1st. Wall Street Zen cut shares of UP Fintech from a “hold” rating to a “sell” rating in a research note on Saturday, June 6th. Citigroup lowered their price target on shares of UP Fintech to $7.10 and set a “buy” rating on the stock in a report on Wednesday, June 3rd. Finally, Weiss Ratings restated a “hold (c)” rating on shares of UP Fintech in a research report on Monday, April 20th. Four investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, UP Fintech has an average rating of “Moderate Buy” and an average target price of $9.23.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TIGR. Sanctuary Advisors LLC increased its holdings in UP Fintech by 8.8% in the 4th quarter. Sanctuary Advisors LLC now owns 14,306 shares of the company’s stock worth $137,000 after acquiring an additional 1,159 shares in the last quarter. Cetera Investment Advisers lifted its holdings in UP Fintech by 2.8% during the second quarter. Cetera Investment Advisers now owns 50,173 shares of the company’s stock valued at $484,000 after purchasing an additional 1,385 shares in the last quarter. Personal CFO Solutions LLC grew its position in shares of UP Fintech by 10.4% in the fourth quarter. Personal CFO Solutions LLC now owns 32,372 shares of the company’s stock valued at $309,000 after purchasing an additional 3,046 shares during the period. Burns Matteson Capital Management LLC grew its position in shares of UP Fintech by 10.4% in the fourth quarter. Burns Matteson Capital Management LLC now owns 34,270 shares of the company’s stock valued at $328,000 after purchasing an additional 3,242 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of UP Fintech during the second quarter worth about $33,000. Hedge funds and other institutional investors own 9.03% of the company’s stock.

About UP Fintech

Up Fintech Holding Ltd, trading on NASDAQ under the ticker TIGR, is a China-based financial technology company that provides online brokerage and wealth management services through its proprietary trading platform. The company’s primary offering, Tiger Brokers, enables retail and institutional clients to access global financial markets, including equities, exchange-traded funds (ETFs), options, and futures across the United States, Hong Kong, China A-shares, Australia, and Singapore.

Founded in 2014 by Zhang Zhen, Up Fintech has focused on developing an intuitive mobile and desktop trading experience, complete with real-time market data, customizable charting tools, and in-app research insights.