Sachin Chand Jaitly Sells 39,708 Shares of Gemini Space Station (NASDAQ:GEMI) Stock

Gemini Space Station, Inc. (NASDAQ:GEMI) Director Sachin Chand Jaitly sold 39,708 shares of the business’s stock in a transaction on Wednesday, March 11th. The stock was sold at an average price of $8.92, for a total transaction of $354,195.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Gemini Space Station Stock Down 1.8%

GEMI stock opened at $7.76 on Friday. Gemini Space Station, Inc. has a 52 week low of $5.57 and a 52 week high of $45.89. The company’s fifty day simple moving average is $8.45. The company has a market capitalization of $912.96 million and a price-to-earnings ratio of -4.29.

Hedge Funds Weigh In On Gemini Space Station

Hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd purchased a new stake in Gemini Space Station in the 4th quarter worth about $88,000. Aristides Capital LLC purchased a new position in shares of Gemini Space Station during the fourth quarter valued at approximately $164,000. Invesco Ltd. bought a new position in shares of Gemini Space Station during the fourth quarter valued at approximately $173,000. Quadrature Capital Ltd bought a new position in shares of Gemini Space Station during the fourth quarter valued at approximately $160,000. Finally, Engineers Gate Manager LP purchased a new stake in shares of Gemini Space Station in the fourth quarter worth approximately $100,000.

Wall Street Analyst Weigh In

GEMI has been the subject of a number of analyst reports. Mizuho lowered their price target on shares of Gemini Space Station from $30.00 to $26.00 and set an “outperform” rating for the company in a report on Wednesday, December 24th. Evercore cut Gemini Space Station from an “outperform” rating to an “in-line” rating and set a $10.00 price objective on the stock. in a research note on Friday, February 6th. Morgan Stanley lowered their price objective on Gemini Space Station from $29.00 to $13.00 and set an “equal weight” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reiterated a “sell (d)” rating on shares of Gemini Space Station in a report on Monday, December 29th. Finally, Citigroup cut their target price on Gemini Space Station from $16.00 to $13.00 and set a “neutral” rating on the stock in a research report on Monday, December 22nd. Three investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $16.68.

Gemini Space Station Company Profile

Our mission is to unlock the next era of financial, creative, and personal freedom. Gemini envisions a future where crypto will redesign the global financial system, the internet, and money in a way that provides greater choice, independence, and opportunity for all. As a trusted bridge between the traditional financial system and the emerging cryptoeconomy, we are providing access for individuals and institutions to a decentralized future that is more open, fair, and secure. Gemini was founded in 2014 to be the most trusted, secure, and easy way to buy, sell, and store crypto assets.