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

Webull Corporation (NASDAQ:BULL) CFO Haichen Wang sold 55,000 shares of the business’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 completion of the transaction, the chief financial officer directly owned 772,046 shares in the company, valued at $6,932,973.08. This represents a 6.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Webull Price Performance

BULL opened at $8.66 on Wednesday. The firm has a market capitalization of $4.61 billion, a PE ratio of 108.26 and a beta of 0.58. Webull Corporation has a fifty-two week low of $4.50 and a fifty-two week high of $16.04. The company’s 50-day moving average is $8.19 and its 200 day moving average is $6.90.

Webull (NASDAQ:BULL) last released its 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 company had revenue of $198.83 million during the quarter. Webull had a return on equity of 5.95% and a net margin of 6.26%.The firm’s revenue was up 51.2% compared to the same quarter last year. As a group, analysts expect that Webull Corporation will post 0.14 EPS for the current year.

Institutional Investors Weigh In On Webull

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its stake in shares of Webull by 148.8% during the 2nd quarter. Tidal Investments LLC now owns 2,741,993 shares of the company’s stock valued at $17,878,000 after purchasing an additional 1,640,067 shares during the period. Renaissance Technologies LLC increased its position in shares of Webull by 321.3% during 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 during the last quarter. Healthcare of Ontario Pension Plan Trust Fund lifted its position in Webull by 112.6% in 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 during the last quarter. Quantinno Capital Management LP purchased a new stake in Webull in the first quarter worth approximately $1,584,000. Finally, WINTON GROUP Ltd boosted its stake in Webull by 319.2% in the fourth 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. 92.48% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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