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

Banzai International, Inc. (NASDAQ:BNZI) major shareholder Cp Bf Lending, Llc sold 635,549 shares of the firm’s stock in a transaction on Thursday, October 17th. The stock was 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 directly owns 4 shares of the company’s stock, valued at $16.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

Banzai International Stock Performance

Shares of BNZI opened at $3.26 on Tuesday. The company has a 50-day simple moving average of $2.09 and a two-hundred day simple moving average of $0.89. Banzai International, Inc. has a one year low of $2.42 and a one year high of $828.50.

Banzai International (NASDAQ:BNZI) last released its earnings results on Wednesday, August 14th. The company reported ($0.15) EPS for the quarter. The firm had revenue of $1.07 million during the quarter. As a group, equities research analysts predict that Banzai International, Inc. will post -25.5 EPS for the current year.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Banzai International

An institutional investor recently bought a new position in Banzai International stock. Virtu Financial LLC acquired a new stake in shares of Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 84,958 shares of the company’s stock, valued at approximately $52,000. Virtu Financial LLC owned about 0.42% of Banzai International as of its most recent filing with the SEC. Institutional investors and hedge funds own 96.82% of the company’s stock.

Banzai International Company Profile

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.