Blackboxstocks (NASDAQ:BLBX) Trading 5.9% Higher – What’s Next?

Shares of Blackboxstocks, Inc. (NASDAQ:BLBX) rose 5.9% during trading on Tuesday . The stock traded as high as $7.58 and last traded at $7.23. Approximately 63,501 shares changed hands during trading, a decline of 37% from the average daily volume of 100,587 shares. The stock had previously closed at $6.83.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BLBX. Wall Street Zen raised shares of Blackboxstocks from a “sell” rating to a “hold” rating in a research report on Saturday, October 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Blackboxstocks in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, Blackboxstocks presently has an average rating of “Sell”.

Blackboxstocks Stock Performance

The company has a market capitalization of $29.93 million, a P/E ratio of -6.95 and a beta of 1.56. The company has a 50-day simple moving average of $7.94 and a 200 day simple moving average of $6.83.

Insiders Place Their Bets

In related news, CTO Charles Brandon Smith sold 9,167 shares of the company’s stock in a transaction on Thursday, October 23rd. The shares were sold at an average price of $9.08, for a total transaction of $83,236.36. Following the completion of the transaction, the chief technology officer directly owned 27,513 shares in the company, valued at $249,818.04. This represents a 24.99% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Charles Keller Reid sold 5,000 shares of the stock in a transaction on Tuesday, October 21st. The shares were sold at an average price of $9.24, for a total transaction of $46,200.00. Following the completion of the sale, the director directly owned 16,298 shares of the company’s stock, valued at approximately $150,593.52. This trade represents a 23.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 28.30% of the company’s stock.

Institutional Trading of Blackboxstocks

A hedge fund recently bought a new stake in Blackboxstocks stock. GoalFusion Wealth Management LLC bought a new stake in Blackboxstocks, Inc. (NASDAQ:BLBX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 36,667 shares of the company’s stock, valued at approximately $216,000. Blackboxstocks accounts for about 0.1% of GoalFusion Wealth Management LLC’s portfolio, making the stock its 27th biggest position. GoalFusion Wealth Management LLC owned 1.00% of Blackboxstocks at the end of the most recent quarter. Hedge funds and other institutional investors own 3.58% of the company’s stock.

About Blackboxstocks

Blackboxstocks Inc develops and markets financial technology and social media hybrid platform. The company offers Blackbox System, a subscription-based software as a service that provides real-time proprietary analytics and news for stock and options traders. Blackboxstocks Inc is headquartered in Dallas, Texas.