Benjamin Worthy James Sells 50,273 Shares of Webull (NASDAQ:BULL) Stock

Webull Corporation (NASDAQ:BULL) General Counsel Benjamin Worthy James sold 50,273 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $9.02, for a total transaction of $453,462.46. Following the sale, the general counsel directly owned 1,150,991 shares in the company, valued at approximately $10,381,938.82. The trade was a 4.19% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Webull Trading Up 4.8%

Shares of Webull stock opened at $8.94 on Wednesday. The company has a fifty day simple moving average of $7.47 and a 200-day simple moving average of $6.56. Webull Corporation has a 12-month low of $4.50 and a 12-month high of $16.04. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 111.76 and a beta of 0.53.

Webull (NASDAQ:BULL) last announced its quarterly earnings results on Wednesday, August 19th. The company reported $0.12 EPS for the quarter, topping the consensus estimate of $0.01 by $0.11. Webull had a net margin of 6.26% and a return on equity of 5.95%. The firm had revenue of $198.83 million for the quarter. The company’s quarterly revenue was up 51.2% on a year-over-year basis. On average, analysts forecast that Webull Corporation will post 0.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Webull

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Legal & General Group Plc purchased a new stake in Webull during the 3rd quarter valued at approximately $26,000. Osaic Holdings Inc. purchased a new position in shares of Webull in the 2nd quarter valued at approximately $30,000. Los Angeles Capital Management LLC purchased a new position in shares of Webull in the 4th quarter valued at approximately $34,000. Ritter Alpha LP acquired a new position in shares of Webull in the first quarter valued at approximately $48,000. Finally, Versant Capital Management Inc increased its holdings in shares of Webull by 79.8% in the second quarter. Versant Capital Management Inc now owns 7,335 shares of the company’s stock valued at $48,000 after purchasing an additional 3,255 shares during the period. Hedge funds and other institutional investors own 92.48% of the company’s stock.

Wall Street Analysts Forecast Growth

BULL has been the topic of a number of research reports. Weiss Ratings upgraded Webull from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Wednesday, August 19th. Wall Street Zen upgraded Webull from a “sell” rating to a “hold” rating in a research note on Saturday. Finally, Rosenblatt Securities increased their price objective on Webull from $13.00 to $15.00 and gave the company a “buy” rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.00.

About Webull

Webull Financial LLC is a commission-free online brokerage platform that provides individual investors with access to U.S. equities, exchange-traded funds (ETFs), options, and cryptocurrencies. Through its mobile and desktop applications, the company offers real-time market data, advanced charting tools, customizable watchlists, and streamlined order execution. Webull’s platform is designed to support both self-directed traders and investors seeking an intuitive interface coupled with professional-grade analytics.

In addition to its core trading services, Webull delivers educational resources and research tools to help users make informed decisions.