Cp Bf Lending, Llc Sells 635,549 Shares of Banzai International, Inc. (NASDAQ:BNZI) Stock

by · The Cerbat Gem

Banzai International, Inc. (NASDAQ:BNZI – Get Free Report) major shareholder Cp Bf Lending, Llc sold 635,549 shares of the company’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $4.14, for a total value of $2,631,172.86. Following the completion of the sale, the insider now owns 4 shares of the company’s stock, valued at $16.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Banzai International Stock Down 1.5 %

NASDAQ:BNZI traded down $0.05 on Monday, reaching $3.26. The company’s stock had a trading volume of 196,679 shares, compared to its average volume of 958,798. Banzai International, Inc. has a 1-year low of $2.42 and a 1-year high of $828.50. The business’s 50-day moving average price is $2.09 and its two-hundred day moving average price is $0.89.

Banzai International (NASDAQ:BNZI – Get Free Report) last posted its earnings results on Wednesday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The business had revenue of $1.07 million during the quarter. As a group, equities analysts expect that Banzai International, Inc. will post -25.5 earnings per share for the current year.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Banzai International stock. Virtu Financial LLC bought a new stake in Banzai International, Inc. (NASDAQ:BNZI – Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 84,958 shares of the company’s stock, valued at approximately $52,000. Virtu Financial LLC owned 0.42% of Banzai International at the end of the most recent quarter. 96.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Ascendiant Capital Markets dropped their price objective on Banzai International from $3.25 to $2.50 and set a “buy” rating for the company in a report on Thursday, August 29th.

Get Our Latest Report on Banzai International

About Banzai International

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Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various businesses in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with their audience through live events and on-demand, interactive video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event registrants; and Reach, a SaaS and managed service to increase registration and attendance of marketing events.

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