Webull President Sold at $6.22. Shares Now at $7.35.
Webull's president cashed out $466,830 of stock at $6.22 in May; shares trade at $7.35 as of August 11 despite back-to-back adjusted EPS misses of 20 and 33 percent against consensus. Revenue grew 36.
Webull President Sold at $6.22. Shares Now at $7.35.
NEW YORK, August 11 —
Webull Corporation (BULL) stock has risen above the price at which its own President cashed out nearly $467,000 worth of shares in May, even as the company posted back-to-back quarterly earnings misses. The market is pricing a recovery the profit line has not yet delivered.
- Revenue grew 36.3% year-over-year to $0.61 billion trailing twelve months, with 76.3% gross margins and $1.95 billion in cash against $0.08 billion in debt.
- President Anthony Michael Denier sold 75,000 shares at $6.22 on May 26; BULL traded at $7.35 on August 11, above his exit price.
The Selling Pattern Behind the Rally
When a company president exits $466,830 of stock in a single open-market transaction, the natural question is what he knew that the market didn't. In Webull's case, Anthony Michael Denier sold at $6.22 on May 26, and the stock has since moved against him. That said, the 90-day insider ledger shows $0 in open-market purchases against $0.47 million in sales, with the President as the only seller. Director Walter A. Bishop exercised options for 12,500 shares in June, but that is a compensation transaction, not a conviction bet. The asymmetry stands: no one in leadership bought a single share in the open market.
Revenue Growth Is Real; Earnings Power Is Unproven
Webull is a digital investment platform offering commission-free trading, wealth management products, market data, and investor education across 14 markets including the U.S., U.K., and Hong Kong. That global footprint and 36% revenue growth are real, a 76.3% gross margin signals the underlying economics are sound. But GAAP EPS sits at -$1.25 trailing twelve months, and the adjusted figure is deteriorating in the wrong direction: from a 100% beat three quarters ago, the company swung to a 20% miss in Q4 2025, then widened to a 33% miss in Q1 2026. A company can grow revenue while losing control of its cost structure, and the earnings trajectory raises exactly that question.
| Ticker | Mkt cap | Fwd P/E | 52-wk |
|---|---|---|---|
| BULL | $3.9B | 24.1x | -53.6% |
| OSCR | $8.5B | 16.1x | +84.7% |
| SBET | $1.3B | 3.1x | -72.5% |
| BMNR | $10.7B | 18.9x | -71.0% |
| ASST | $1.1B | n/a | -84.9% |
| RR | $379M | n/a | -19.3% |
What the Multiple Demands Next
At $7.35 and a $3.91 billion market cap, BULL carries a 24.1x forward P/E despite two consecutive earnings misses with a widening gap. Analyst consensus sits at $12.33, implying the street expects earnings to inflect sharply. The structural case has merit: $1.95 billion in cash against negligible debt buys time and flexibility. But the April 424B3 prospectus filing is a reminder that the capital structure can shift. The thesis resolves at the next earnings print, specifically whether adjusted EPS recovers toward the $0.03 consensus level that has eluded the company for two quarters. If it misses again, the President's exit price will look prescient. Run the free Webull Corporation deep-dive → at Webull Corporation's latest numbers, or stress-test the valuation with the DCF calculator.
Basis Report is independent research for informational purposes. It is not investment advice and not a recommendation to buy or sell any security.
Frequently Asked Questions
Did Webull's president sell company stock?
Yes. President Anthony Michael Denier sold 75,000 shares at $6.22 on May 26, receiving approximately $466,830 in a single open-market transaction. The stock subsequently rose to $7.35 as of August 11, above his exit price.
Did Webull miss earnings this quarter?
Webull reported Q1 2026 adjusted EPS of $0.0172, missing the $0.03 analyst consensus by 33 percent. That followed a 20 percent miss in Q4 2025, marking two consecutive quarterly shortfalls with a widening gap.
Is there insider buying at Webull?
The 90-day insider ledger shows $0 in open-market purchases against $0.47 million in sales. Director Walter A. Bishop exercised options for 12,500 shares in June, but option exercises are compensation transactions rather than open-market conviction buys.
What is Webull's analyst price target?
The analyst consensus price target stands at $12.33, against a share price of $7.35 on August 11. The implied upside assumes a sharp earnings inflection from two consecutive quarters of misses.
How many markets does Webull operate in?
Webull operates across 14 markets, including the U.S., U.K., and Hong Kong, offering commission-free trading, wealth management products, market data, and investor education. Trailing twelve months revenue reached $0.61 billion, growing 36.3 percent year over year.
Webull Corporation stock now trades above the price at which its own President sold nearly $467,000 of shares in May — even as the company posted its second consecutive quarterly earnings miss. The gap between a 36% revenue run rate and a deteriorating EPS trajectory is the question the stock has yet to answer.