Insider Selling: Vivid Seats Inc. (NASDAQ:SEAT) CTO Sells 1,790 Shares of Stock

Vivid Seats Inc. (NASDAQ:SEAT – Get Rating) CTO Jonathan Miles Wagner sold 1,790 shares of the firm’s stock in a transaction dated Wednesday, April 20th. The shares were sold at an average price of $10.35, for a total transaction of $18,526.50. Following the sale, the chief technology officer now owns 8,571 shares of the company’s stock, valued at $88,709.85. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

NASDAQ:SEAT traded down $0.04 during trading hours on Thursday, reaching $10.06. 324,255 shares of the company’s stock were exchanged, compared to its average volume of 550,454. Vivid Seats Inc. has a 1-year low of $7.84 and a 1-year high of $14.35. The firm’s 50-day moving average is $11.01.

Large investors have recently bought and sold shares of the business. K.J. Harrison & Partners Inc purchased a new position in Vivid Seats in the fourth quarter valued at approximately $3,150,000. Allspring Global Investments Holdings LLC acquired a new position in Vivid Seats in the fourth quarter worth $3,121,000. Qube Research & Technologies Ltd acquired a new position in Vivid Seats in the fourth quarter worth $948,000. Kornitzer Capital Management Inc. KS acquired a new position in shares of Vivid Seats during the fourth quarter valued at $6,834,000. Finally, Victory Capital Management Inc. acquired a new stake in Vivid Seats in the fourth quarter worth about $120,000. Hedge funds and other institutional investors own 55.24% of the company’s stock.

SEAT has been the subject of a number of analyst reports. Citigroup upgraded Vivid Seats from a “neutral” rating to a “buy” rating and set a $14.00 price target for the company in a research report on Monday, January 3rd. Zacks Investment Research upgraded Vivid Seats from a “sell” rating to a “hold” rating in a research report on Friday, April 15th. Benchmark reduced their price objective on Vivid Seats from $19.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, March 11th. Evercore ISI started coverage on Vivid Seats in a research report on Tuesday, January 18th. They set a “hold” rating and a $14.00 target price on the stock. Finally, Credit Suisse Group restated a “buy” rating and set a $16.00 price objective on shares of Vivid Seats in a report on Friday, March 11th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Vivid Seats currently has a consensus rating of “Buy” and a consensus target price of $15.71.

About Vivid Seats (Get Rating)

Vivid Seats Inc operates an independent secondary marketplace for tickets. It sells tickets for live sports, concerts, and theater events. The company was founded in 2001 and is headquartered in Chicago, Illinois.

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