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 the 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 sale, the insider now owns 4 shares in the company, valued at approximately $16.56. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 Stock Down 1.5 %

Shares of NASDAQ BNZI opened at $3.26 on Tuesday. The firm’s 50-day moving average price is $2.09 and its 200-day moving average price is $0.89. Banzai International, Inc. has a 52-week low of $2.42 and a 52-week high of $828.50.

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

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 on the stock in a research report on Thursday, August 29th.

Institutional Trading of Banzai International

A hedge fund recently bought a new stake in Banzai International stock. Sandia Investment Management LP bought a new position in Banzai International, Inc. (NASDAQ:BNZI) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned about 0.21% of Banzai International as of its most recent filing with the Securities and Exchange Commission (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.