Boundless Plain Holdings Ltd Buys New Shares in Bullish $BLSH

Boundless Plain Holdings Ltd purchased a new stake in Bullish (NYSE:BLSH) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 134,389 shares of the company’s stock, valued at approximately $5,089,000. Bullish comprises about 1.6% of Boundless Plain Holdings Ltd’s portfolio, making the stock its 14th largest holding.

Other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. bought a new stake in shares of Bullish in the 4th quarter worth about $28,000. Ameritas Advisory Services LLC bought a new stake in shares of Bullish in the 3rd quarter worth about $29,000. Strs Ohio bought a new stake in shares of Bullish in the 4th quarter worth about $30,000. 10Elms LLP bought a new stake in shares of Bullish in the 3rd quarter worth about $32,000. Finally, Tsfg LLC bought a new stake in shares of Bullish in the 3rd quarter worth about $45,000.

Key Headlines Impacting Bullish

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Ark Invest continued to add to its Bullish position, buying millions of dollars’ worth of shares and signaling strong conviction in the crypto platform’s long-term potential. Cathie Wood’s Ark Invest Loads Up On Bullish Stock
• Positive Sentiment: Another report said Ark purchased $5.14 million in Bullish shares while trimming Taiwan Semiconductor, reinforcing that BLSH remains a priority holding for the fund. ARK Invest Accumulates Bullish (BLSH) Stock While Reducing TSMC Holdings
• Neutral Sentiment: Coverage focused on the stock’s recent sharp two-week decline, suggesting that even with Ark’s buying, investors are still weighing execution and sentiment risks around the name. BLSH Shares Face a Sharp Two Week Drop as Cathie Wood Aggressively Pumps In Millions
• Neutral Sentiment: Other articles in the feed were about unrelated companies and analyst actions, so they are unlikely to have a direct impact on Bullish’s stock.

Insider Transactions at Bullish

In other Bullish news, CEO Thomas W. Farley sold 80,000 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $43.95, for a total value of $3,516,000.00. Following the completion of the sale, the chief executive officer directly owned 80,000 shares of the company’s stock, valued at $3,516,000. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Cantor Fitzgerald lifted their price target on shares of Bullish from $39.00 to $43.00 and gave the stock an “overweight” rating in a research note on Friday, May 15th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Bullish in a research note on Friday, March 27th. Rosenblatt Securities lifted their price target on shares of Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $61.00 price target on shares of Bullish in a research note on Friday, May 15th. Finally, Citigroup dropped their price target on shares of Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Four analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $51.92.

Bullish Price Performance

BLSH stock opened at $35.21 on Friday. Bullish has a 12 month low of $24.79 and a 12 month high of $118.00. The company has a current ratio of 26.42, a quick ratio of 25.23 and a debt-to-equity ratio of 0.18. The company has a 50-day moving average price of $38.89 and a 200 day moving average price of $38.59. The stock has a market cap of $5.31 billion and a PE ratio of -5.38.

Bullish (NYSE:BLSH) last released its quarterly earnings data on Thursday, May 14th. The company reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $92.83 million during the quarter. Bullish had a negative net margin of 314.40% and a positive return on equity of 1.82%. Bullish’s revenue was up 48.8% compared to the same quarter last year. Equities research analysts anticipate that Bullish will post 0.72 earnings per share for the current year.

Bullish Company Profile

Bullish (NYSE: BLSH) is a company that develops and operates digital asset market infrastructure, including a cryptocurrency trading platform and related technology services. The firm’s stated activities focus on providing exchange services, market structure and trading technology designed to support the listing, execution and clearing of digital assets. Bullish positions itself as a bridge between traditional capital markets practices and the evolving cryptocurrency ecosystem.

The business was announced in connection with Block.one, the software developer known for its work on the EOS blockchain, and was formed with the intent of creating a regulated, institutional-grade marketplace for digital assets.