Insider Selling: Zeta Network Group (NASDAQ:ZNB) Major Shareholder Sells 53,030 Shares

Zeta Network Group (NASDAQ:ZNB) major shareholder Financial Lp Hrt sold 53,030 shares of the firm’s stock in a transaction on Monday, July 20th. The shares were sold at an average price of $0.40, for a total transaction of $21,212.00. Following the sale, the insider directly owned 101,920 shares of the company’s stock, valued at approximately $40,768. The trade was a 34.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Zeta Network Group Stock Performance

Zeta Network Group stock traded up $0.14 during midday trading on Tuesday, hitting $2.83. 296,227 shares of the stock were exchanged, compared to its average volume of 126,078. Zeta Network Group has a 1 year low of $1.83 and a 1 year high of $18,432.00. The company has a 50 day moving average price of $7.36 and a two-hundred day moving average price of $130.51.

Zeta Network Group (NASDAQ:ZNB) last posted its quarterly earnings data on Thursday, June 18th. The company reported ($681.24) earnings per share for the quarter. The business had revenue of $8.45 million for the quarter.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Zeta Network Group in a report on Tuesday, July 21st. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Zeta Network Group presently has an average rating of “Sell”.

Institutional Investors Weigh In On Zeta Network Group

A hedge fund recently bought a new stake in Zeta Network Group stock. Anson Funds Management LP bought a new stake in Zeta Network Group (NASDAQ:ZNB) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 595,397 shares of the company’s stock, valued at approximately $345,000. Anson Funds Management LP owned approximately 0.39% of Zeta Network Group as of its most recent filing with the SEC. Hedge funds and other institutional investors own 3.44% of the company’s stock.

Zeta Network Group Company Profile

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc. Its Color World platform provides celebrity lectures, celebrity concert videos, celebrity peripheral products, and artist interactive communication services.