Shift Technologies, Inc, together with its subsidiaries, provides an ecommerce platform for buying and selling used cars. Institutional investors own 21.68% of the company’s stock. Finally, XTX Topco Ltd bought a new position in shares of Shift Technologies during the first quarter worth approximately $65,000. Bank of America Corp DE now owns 60,804 shares of the company’s stock valued at $134,000 after purchasing an additional 29,254 shares during the last quarter. Bank of America Corp DE grew its position in shares of Shift Technologies by 92.7% in the first quarter. CIBC Asset Management Inc bought a new stake in shares of Shift Technologies during the first quarter worth approximately $32,000. bought a new position in Shift Technologies during the first quarter worth $31,000. First Republic Investment Management Inc. UBS Group AG now owns 12,560 shares of the company’s stock worth $27,000 after purchasing an additional 10,591 shares during the period. UBS Group AG boosted its position in Shift Technologies by 537.9% during the first quarter. Hedge Funds Weigh In On Shift TechnologiesĪ number of hedge funds and other institutional investors have recently bought and sold shares of SFT. 11.40% of the stock is currently owned by corporate insiders. Insiders acquired 214,567 shares of company stock valued at $275,229 in the last ninety days. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Following the acquisition, the insider now directly owns 1,764,948 shares of the company’s stock, valued at $2,876,865.24. The stock was bought at an average price of $1.63 per share, for a total transaction of $69,149.49. In related news, major shareholder Maruthi Jd Venkata acquired 42,423 shares of the firm’s stock in a transaction dated Thursday, March 23rd. Insider Transactions at Shift Technologies will post -6.42 earnings per share for the current fiscal year. As a group, analysts forecast that Shift Technologies, Inc. The firm had revenue of $65.57 million during the quarter, compared to the consensus estimate of $81.28 million. The company reported ($3.65) EPS for the quarter, beating analysts’ consensus estimates of ($5.07) by $1.42.

Shift Technologies ( NASDAQ:SFT – Get Rating) last released its quarterly earnings data on Tuesday, March 28th.

Shift technologies earning