Webull (NASDAQ:BULL) President Anthony Michael Denier Sells 53,846 Shares of Stock

Webull Corporation (NASDAQ:BULL) President Anthony Michael Denier sold 53,846 shares of the company’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $8.32, for a total transaction of $447,998.72. Following the completion of the sale, the president directly owned 2,224,603 shares of the company’s stock, valued at $18,508,696.96. The trade was a 2.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Anthony Michael Denier also recently made the following trade(s):

• On Tuesday, September 8th, Anthony Michael Denier sold 53,846 shares of Webull stock. The shares were sold at an average price of $9.58, for a total value of $515,844.68.
• On Tuesday, August 25th, Anthony Michael Denier sold 53,848 shares of Webull stock. The shares were sold at an average price of $8.83, for a total value of $475,477.84.

Webull Trading Down 1.9%

Shares of BULL traded down $0.16 during midday trading on Tuesday, hitting $8.09. The stock had a trading volume of 11,258,913 shares, compared to its average volume of 15,678,739. The business has a 50-day simple moving average of $8.26 and a two-hundred day simple moving average of $6.97. The firm has a market cap of $4.30 billion, a P/E ratio of 101.14 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.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on BULL shares. Weiss Ratings upgraded Webull from a “sell (d-)” rating to a “sell (d)” rating in a report on Monday, September 14th. Wall Street Zen raised shares of Webull from a “sell” rating to a “hold” rating in a research report on Saturday, August 22nd. Scotiabank began coverage on shares of Webull in a research note on Wednesday, September 2nd. They issued a “sector perform” rating and a $9.00 target price for the company. Finally, Rosenblatt Securities reissued a “buy” rating and set a $15.00 target price on shares of Webull in a research report on Friday, August 28th. Two analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $11.00.

Institutional Trading of Webull

Large investors have recently bought and sold shares of the stock. Tidal Investments LLC increased its position 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 worth $17,878,000 after purchasing an additional 1,640,067 shares in the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Webull by 92.1% in the second quarter. Integrated Wealth Concepts LLC now owns 42,740 shares of the company’s stock valued at $279,000 after acquiring an additional 20,487 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Webull by 67.0% in the 2nd quarter. Allworth Financial LP now owns 8,320 shares of the company’s stock worth $54,000 after acquiring an additional 3,337 shares in the last quarter. Waverly Advisors LLC acquired a new position in shares of Webull in the 2nd quarter worth approximately $87,000. Finally, Corient Private Wealth LP grew its position in Webull by 76.4% during the 2nd quarter. Corient Private Wealth LP now owns 406,761 shares of the company’s stock worth $2,652,000 after acquiring an additional 176,233 shares during the last quarter. 92.48% of the stock is currently owned by institutional investors.

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.