Banzai International, Inc. (NASDAQ:BNZI) Major Shareholder Sells $2,631,172.86 in Stock

Banzai International, Inc. (NASDAQ:BNZI) major shareholder Cp Bf Lending, Llc sold 635,549 shares of the stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $4.14, for a total transaction of $2,631,172.86. Following the transaction, the insider now directly owns 4 shares in the company, valued at approximately $16.56. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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

Banzai International stock opened at $2.93 on Thursday. Banzai International, Inc. has a 12 month low of $2.42 and a 12 month high of $828.50. The stock’s 50-day moving average is $4.59 and its 200-day moving average is $9.17.

Banzai International (NASDAQ:BNZI) last posted its quarterly earnings results on Wednesday, August 14th. The company reported ($7.50) EPS for the quarter. The company had revenue of $1.07 million for the quarter. Sell-side analysts expect that Banzai International, Inc. will post -25.5 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Ascendiant Capital Markets dropped their price objective on Banzai International from $162.50 to $125.00 and set a “buy” rating for the company in a report on Thursday, August 29th.

Hedge Funds Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Sandia Investment Management LP acquired a new position in shares of Banzai International, Inc. (NASDAQ:BNZI) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned approximately 0.21% of Banzai International at the end of the most recent reporting period. 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.