Bullish (NYSE:BLSH) CEO Sells $3,516,000.00 in Stock

Bullish (NYSE:BLSH) CEO Thomas Farley sold 80,000 shares of the company’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $43.95, for a total transaction of $3,516,000.00. Following the sale, the chief executive officer directly owned 80,000 shares in the company, valued at approximately $3,516,000. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Bullish Price Performance

NYSE BLSH opened at $35.69 on Friday. The company has a market cap of $5.38 billion and a PE ratio of -5.45. Bullish has a 52 week low of $24.79 and a 52 week high of $118.00. The company has a quick ratio of 27.69, a current ratio of 29.28 and a debt-to-equity ratio of 0.15. The firm’s 50-day simple moving average is $38.90 and its two-hundred day simple moving average is $39.18.

Bullish (NYSE:BLSH) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.13 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.04). The business had revenue of $92.83 million for the quarter. Bullish had a negative net margin of 314.40% and a positive return on equity of 1.74%. The company’s quarterly revenue was up 48.8% compared to the same quarter last year. Research analysts predict that Bullish will post 0.78 earnings per share for the current year.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish delivered Q1 revenue of $92.8 million, up sharply year over year, showing the company is still growing its digital-asset platform and market infrastructure business. Bullish reports first quarter 2026 results
• Positive Sentiment: Management struck an upbeat tone on the earnings call, highlighting the proposed Equiniti acquisition as a strategic step that could expand Bullish’s long-term growth and blockchain infrastructure footprint. Bullish reports first quarter 2026 results
• Positive Sentiment: Cantor Fitzgerald raised its price target on Bullish to $43 from $39 and kept an overweight rating, signaling continued analyst confidence despite the weak post-earnings reaction. Analyst update on Bullish
• Neutral Sentiment: Analysts remain divided after the report: some see strategic progress, while others note a weak start to Q2 and continued macro uncertainty, limiting conviction near term. Bullish Posts Strong Q1 Against Strong Headwinds, But Uncertainty Remains, Say Analysts
• Negative Sentiment: Q1 earnings missed estimates, with EPS of $0.13 versus $0.17 expected, and the company also reported a sizable net loss, reinforcing concerns about profitability. These Analysts Revise Their Forecasts On Bullish After Q1 Results
• Negative Sentiment: Recent coverage also noted the stock came under pressure after the earnings miss and following CEO Thomas Farley’s share sale, which may be adding to investor caution. Bullish CEO Sells Stock

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on BLSH. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a research report on Friday, March 27th. Rosenblatt Securities upped their price target on Bullish from $39.00 to $45.00 and gave the company a “neutral” rating in a research report on Wednesday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $61.00 price target on shares of Bullish in a research report on Friday. Cantor Fitzgerald upped their price target on Bullish from $39.00 to $43.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Citigroup decreased their price objective on shares of Bullish from $67.00 to $65.00 and set a “buy” rating on the stock in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $51.92.

Institutional Trading of Bullish

Institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC purchased a new stake in shares of Bullish during the third quarter valued at approximately $29,000. CWM LLC purchased a new stake in Bullish in the third quarter worth $31,000. 10Elms LLP purchased a new position in Bullish during the third quarter valued at $32,000. Tsfg LLC purchased a new position in Bullish during the third quarter valued at $45,000. Finally, Rakuten Securities Inc. purchased a new position in Bullish during the fourth quarter valued at $28,000.

Bullish Company Profile

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.