Insider Selling: Banzai International, Inc. (NASDAQ:BNZI) CEO Sells 25,000 Shares of Stock

Banzai International, Inc. (NASDAQ:BNZI) CEO Joseph P. Davy sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $0.96, for a total transaction of $24,000.00. Following the completion of the transaction, the chief executive officer now owns 279,908 shares in the company, valued at approximately $268,711.68. This represents a 8.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Banzai International Stock Performance

Banzai International stock opened at $1.08 on Tuesday. The firm’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $1.60. Banzai International, Inc. has a 1-year low of $0.73 and a 1-year high of $20.50.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Banzai International stock. Two Sigma Securities LLC bought a new stake in Banzai International, Inc. (NASDAQ:BNZI) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 27,730 shares of the company’s stock, valued at approximately $42,000. Two Sigma Securities LLC owned about 0.47% of Banzai International at the end of the most recent quarter. 96.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets cut their price target on shares of Banzai International from $30.00 to $26.00 and set a “buy” rating on the stock in a report on Monday.

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.