Saturday, June 25, 2022

EVP Cavoli Stephen sale 30,000 shares of Virtu Financial Inc. [VIRT]

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Virtu Financial Inc. shares valued at $866,940 were sold by Cavoli Stephen on May 05. At $28.90 per share, Cavoli Stephen sold 30,000 shares. The insider’s holdings dropped to 73,277 shares worth approximately $1.74 million following the completion of this transaction.


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Also, Cavoli Stephen sold 40,000 shares, netting a total of over 1,176,167 in proceeds. Following the sale of shares at $29.40 each, the insider now holds 103,277 shares.

Before that, Fairclough Brett had sold 50,000 shares from its account. In a trade valued at $1,462,517, the Co-President & Co-COO traded Virtu Financial Inc. shares for $29.25 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $0.65 million.

As published in a research note from Morgan Stanley on January 11, 2021, Virtu Financial Inc. [VIRT] has been rated down from an Equal-weight to an Underweight. Analysts at Rosenblatt upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early November. As of September 11, 2020, Loop Capital has initiated its “Hold” rating for VIRT. Earlier on March 02, 2020, Compass Point upgraded its rating. Their new recommendation was “a Buy” for VIRT stock which previously was a “a Neutral”.

Analyzing VIRT’s Price Performance

On Wednesday, Virtu Financial Inc. [NASDAQ: VIRT] rose 0.89% to $23.73. The stock’s lowest price that day was $23.42, but it reached a high of $23.795 in the same session. During the last five days, there has been a surge of approximately 2.77%. Over the course of the year, Virtu Financial Inc. shares have dropped approximately -17.69%. Shares of the company reached a 52-week high of $38.63 on 04/06/22 and a 52-week low of $22.50 on 06/15/22. A 50-day SMA is recorded $28.15, while a 200-day SMA reached $29.30. Nevertheless, trading volume fell to 1.15 million shares from 1.48 million shares the previous day.

Support And Resistance Levels for Virtu Financial Inc. (VIRT)

According to the 24-hour chart, there is a support level at 23.50, which, if violated, would cause prices to drop to 23.27. In the upper region, resistance lies at 23.88. The next price resistance is at 24.02. RSI (Relative Strength Index) is 34.70 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 67.03%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Virtu Financial Inc. subject to short interest?

Stocks of Virtu Financial Inc. saw a sharp steep in short interest on Apr 28, 2022 dropping by -0.44 million shares to 1.16 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 1.6 million shares. A decline of -37.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.76 of the overall float, the days-to-cover ratio (short ratio) decline to 0.76.

Which companies own the most shares of Virtu Financial Inc. (VIRT)?

According to The Vanguard Group, Inc. filings, the company currently owns 10,807,576 shares, which is about 10.26% of the total VIRT shares outstanding. The investor’s shares have plunged by -244,270 from its previous 13-F filing of 11051846.0 shares. With the completion of the sale, William Blair Investment Manageme’s stake is now worth $236,220,139. Temasek Holdings Pte Ltd. reduced a 0.00% interest valued at $166.72 million while Renaissance Technologies LLC sold a -166,700 stake. A total of -4,341,717 shares of Virtu Financial Inc. were sold by GIC Pte Ltd. during the quarter, and 119,726 were bought by Threadneedle Asset Management Ltd. In its current portfolio, BlackRock Fund Advisors holds 3,411,903 shares valued at $89.15 million.

In terms of Virtu Financial Inc. share price expectations, FactSet research, analysts set an average price target of $38.50 in the next 12 months, up nearly 59.44% from the previous closing price of $23.52. Analysts anticipate Virtu Financial Inc. stock to reach $52.00 by 2022, with the lowest price target being $28.00. In spite of this, 9 analysts ranked Virtu Financial Inc. stock as an Overweight at the end of 2022. On January 06, 2020, Goldman assigned a price target of “a Neutral” to the stock and downgraded coverage with a $15.50.

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