Mudrick Capital Management Sells GETR Shares
Mudrick Capital Management sold 200 million shares of GETR on June 16, 2026.
Key Points
- Mudrick Capital Management sold 200 million shares of GETR on June 16, 2026.
- GETR shares traded at $0.00, with analysts maintaining 'buy' ratings.
- Analysts from Roth MKM and Piper Sandler set price targets of $1.25 and $1.5.
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L.P. Mudrick Capital Management recently sold 200 million shares of GETR on June 16, 2026. This move wasn't part of a planned transaction, and the details of the sale price weren't disclosed.
Insider Buying and Selling at Getaround, Inc.
Mudrick Capital Management, L.P. sold 200 million shares of GETR on June 16, 2026. Earlier on the same day, the firm also bought 200 million shares at $0.25 each. Other recent insider activity includes Jackson Spencer, General Counsel & Secretary, selling 7,806 shares on August 20, 2024, at an average price of $0.05. On August 19, 2024, Interprivate Acquisition Management II, LLC sold 2,707,369 shares.
Analysts Set New Price Targets
On May 12, 2023, Roth MKM maintained its 'buy' rating for GETR, setting a price target of $1.25. Piper Sandler also reiterated its 'buy' rating on April 3, 2023, with a target of $1.5. Earlier in the year, Roth MKM and Wedbush initiated 'buy' ratings with targets of $1.5 and $5.0 respectively.
Bottom Line
Mudrick Capital Management's sale of 200 million GETR shares highlights ongoing activity in the stock. Despite the low trading price, analysts continue to see potential upside with 'buy' ratings and substantial price targets. Investors will be watching closely to see how these developments unfold.
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