Insider Purchase: Banzai International, Inc. (NASDAQ:BNZI) Major shareholders buy 282,420 shares

Banzai International, Inc. (NASDAQ:BNZI – Get Your Free Report ) major shareholder Alco Investment Co purchased 282,420 shares of the company’s stock in a transaction dated Friday, September 20th. The shares were bought at an average cost of $3.89 per share, for a total transaction of $1,098,613.80. Following the transaction, the insider now directly owns 330,340 shares of the company’s stock, valued at approximately $1,285,022.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. Major shareholders who own at least 10% of a company’s stock are required to disclose their transactions to the SEC.

International Banzai Stocks Up 96.2%

Banzai International stock traded up $4.04 during trading on Tuesday, reaching $8.24. The stock had a trading volume of 62,316,099 shares, compared to its average volume of 731,701. Banzai International, Inc. it has a 52-week low of $2.42 and a 52-week high of $828.50. The company has a 50-day moving average price of $0.36 and a 200-day moving average price of $0.35.

Banzai International (NASDAQ:BNZI – Get Free Report ) last issued its quarterly earnings data on Wednesday, August 14th. The company reported ($0.15) earnings per share (EPS) for the quarter. The firm had revenue of $1.07 million for the quarter.

Analyst upgrades and downgrades

Separately, Ascendiant Capital Markets decreased their target price on Banzai International from $3.25 to $2.50 and set a “buy” rating on the stock in a report on Thursday, August 29th.

Get the latest stock report on Banzai International

Institutional inputs and outputs

An institutional investor recently bought a new position in shares of Banzai International. Sandia Investment Management LP purchased a new stake in Banzai International, Inc. (NASDAQ:BNZI – Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 41,251 shares of the company’s stock, valued at approximately $25,000. Sandia Investment Management LP owned approximately 0.21% of Banzai International as of its most recent SEC filing. Hedge funds and other institutional investors own 96.82% of the company’s shares.

About Banzai International

(Get a free report)

Banzai International, Inc, a marketing technology company, provides data-driven marketing and sales solutions for various companies in the Americas, Europe, Middle East, Africa and Asia Pacific. Its products include Demio, a browser-based webinar platform with data and marketing features designed to help businesses engage with audiences through live events and interactive on-demand video content; Boost, a software-as-a-service (SaaS) solution for social sharing by event attendees; and Reach, a SaaS and managed service to increase marketing event registration and participation.

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