Bullish (NYSE:BLSH) CEO Thomas Farley Sells 80,000 Shares of Stock

Bullish (NYSE:BLSH) CEO Thomas Farley sold 80,000 shares of the stock in a transaction on 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 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 the SEC website.

Bullish Price Performance

BLSH opened at $41.86 on Thursday. The stock has a fifty day moving average of $38.80 and a 200-day moving average of $39.31. The firm has a market capitalization of $6.31 billion and a P/E ratio of 418.59. Bullish has a 12-month low of $24.79 and a 12-month high of $118.00. The company has a quick ratio of 27.69, a current ratio of 29.28 and a debt-to-equity ratio of 0.15.

Bullish (NYSE:BLSH) last posted its quarterly earnings results on Thursday, May 14th. The company reported $0.13 earnings per share for the quarter. Bullish had a negative net margin of 0.95% and a negative return on equity of 10.58%. The business had revenue of $92.83 million for the quarter. Equities analysts forecast that Bullish will post 0.78 EPS for the current fiscal year.

Key Bullish News

Here are the key news stories impacting Bullish this week:

• Positive Sentiment: Bullish reported first-quarter 2026 revenue of $92.8 million and posted $0.13 EPS, showing continued business activity and some earnings progress. Bullish reports first quarter 2026 results
• Positive Sentiment: Management sounded optimistic about future growth, highlighting the proposed Equiniti acquisition as part of a broader expansion strategy for Bullish’s digital-asset and blockchain infrastructure. Bullish reports first quarter 2026 results
• Neutral Sentiment: Rosenblatt raised its price target on Bullish to $45 from $39, but kept a neutral rating, suggesting limited near-term upside conviction. Benzinga report on Rosenblatt rating
• Negative Sentiment: The company remains unprofitable on a margin basis, with a negative net margin and negative return on equity, which may temper enthusiasm despite the earnings beat. Bullish press release
• Negative Sentiment: Recent reports noted the stock was under pressure ahead of earnings and after a CEO share sale, which can add caution among investors. BLSH stock tumbles after pre-earnings price hike

Analyst Upgrades and Downgrades

Several analysts recently issued reports on BLSH shares. JPMorgan Chase & Co. cut their price objective on Bullish from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Friday, February 6th. Citigroup cut their price objective on Bullish from $67.00 to $65.00 and set a “buy” rating for the company in a report on Wednesday, March 18th. Wall Street Zen upgraded Bullish from a “sell” rating to a “hold” rating in a report on Monday, February 23rd. Weiss Ratings reiterated a “sell (d)” rating on shares of Bullish in a report on Friday, March 27th. Finally, Rosenblatt Securities increased their price objective on Bullish from $39.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday. Four investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Bullish currently has a consensus rating of “Hold” and an average price target of $52.42.

Hedge Funds Weigh In On Bullish

Several hedge funds have recently bought and sold shares of BLSH. Rakuten Securities Inc. acquired a new position in Bullish during the fourth quarter worth $28,000. Ameritas Advisory Services LLC acquired a new position in Bullish during the third quarter worth $29,000. Strs Ohio acquired a new position in Bullish during the fourth quarter worth $30,000. MetLife Investment Management LLC acquired a new position in Bullish during the fourth quarter worth $30,000. Finally, CWM LLC acquired a new position in Bullish during the third quarter worth $31,000.

About Bullish

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.