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

Banzai International, Inc. (NASDAQ:BNZI) major shareholder Cp Bf Lending, Llc sold 635,549 shares of Banzai International stock in a transaction on 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 transaction, the insider now owns 4 shares of the company’s stock, valued at approximately $16.56. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Banzai International Trading Down 1.5 %

Shares of BNZI stock traded down $0.05 on Monday, reaching $3.26. 196,679 shares of the stock were exchanged, compared to its average volume of 958,798. Banzai International, Inc. has a one year low of $2.42 and a one year high of $828.50. The stock has a 50 day moving average price of $2.09 and a 200 day moving average price of $0.89.

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

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Sandia Investment Management LP acquired a new stake in Banzai International, Inc. (NASDAQ:BNZI) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned about 0.21% of Banzai International at the end of the most recent quarter. 96.82% of the stock is currently owned by hedge funds and other institutional investors.

About Banzai International

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.