Insider Selling: Gemini Space Station (NASDAQ:GEMI) Director Sells $354,195.36 in Stock

Gemini Space Station, Inc. (NASDAQ:GEMI) Director Sachin Chand Jaitly sold 39,708 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th. The shares were sold at an average price of $8.92, for a total transaction of $354,195.36. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Gemini Space Station Trading Down 1.8%

Shares of NASDAQ:GEMI opened at $7.76 on Monday. The stock has a market cap of $912.96 million and a P/E ratio of -4.29. Gemini Space Station, Inc. has a 52 week low of $5.57 and a 52 week high of $45.89. The company has a 50 day moving average price of $8.45.

Institutional Investors Weigh In On Gemini Space Station

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in shares of Gemini Space Station during the 3rd quarter valued at $51,000. National Bank of Canada FI purchased a new stake in shares of Gemini Space Station during the third quarter worth $123,000. Man Group plc purchased a new stake in shares of Gemini Space Station during the third quarter worth $201,000. Caitong International Asset Management Co. Ltd acquired a new stake in Gemini Space Station during the fourth quarter valued at $88,000. Finally, Sandia Investment Management LP acquired a new stake in Gemini Space Station during the third quarter valued at $228,000.

Analysts Set New Price Targets

GEMI has been the subject of a number of research analyst reports. Morgan Stanley reduced their target price on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a report on Monday, December 22nd. Cantor Fitzgerald reiterated a “neutral” rating and set a $8.00 price target (down from $14.00) on shares of Gemini Space Station in a report on Wednesday, February 18th. Citigroup dropped their price target on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Weiss Ratings reissued a “sell (d)” rating on shares of Gemini Space Station in a research note on Monday, December 29th. Finally, Needham & Company LLC decreased their price objective on Gemini Space Station from $23.00 to $10.00 and set a “buy” rating for the company in a research report on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating, nine have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Gemini Space Station currently has a consensus rating of “Hold” and an average target price of $16.68.

About Gemini Space Station

Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.