Randy Seidl Acquires 8,514 Shares of Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl acquired 8,514 shares of the firm’s stock in a transaction that occurred on Tuesday, May 20th. The shares were bought at an average price of $1.73 per share, with a total value of $14,729.22. Following the acquisition, the chief executive officer directly owned 610,834 shares of the company’s stock, valued at $1,056,742.82. The trade was a 1.41% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Rain Enhancement Technologies Holdco Stock Down 2.9%

NASDAQ RAIN traded down $0.07 during trading hours on Friday, reaching $2.38. 42,491 shares of the company were exchanged, compared to its average volume of 28,144. The business’s 50 day simple moving average is $2.42 and its 200-day simple moving average is $3.64. Rain Enhancement Technologies Holdco, Inc. has a 1 year low of $1.26 and a 1 year high of $8.52. The stock has a market capitalization of $19.49 million, a P/E ratio of -1.90 and a beta of -0.30.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last released its earnings results on Friday, May 15th. The company reported ($0.24) earnings per share (EPS) for the quarter. The business had revenue of $0.01 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded Rain Enhancement Technologies Holdco from a “sell (e+)” rating to a “sell (e)” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, Rain Enhancement Technologies Holdco presently has a consensus rating of “Sell”.

Hedge Funds Weigh In On Rain Enhancement Technologies Holdco

Several large investors have recently modified their holdings of RAIN. Knott David M Jr purchased a new position in shares of Rain Enhancement Technologies Holdco in the first quarter worth about $258,000. Harraden Circle Investments LLC purchased a new position in shares of Rain Enhancement Technologies Holdco in the third quarter worth about $332,000. Quarry LP purchased a new position in shares of Rain Enhancement Technologies Holdco in the fourth quarter worth about $88,000. Clear Street Group Inc. purchased a new position in shares of Rain Enhancement Technologies Holdco in the third quarter worth about $53,000. Finally, Bank of America Corp DE increased its stake in shares of Rain Enhancement Technologies Holdco by 38,985.0% in the third quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after purchasing an additional 7,797 shares in the last quarter. Hedge funds and other institutional investors own 25.79% of the company’s stock.

Rain Enhancement Technologies Holdco Company Profile

As of January 26, 2024, operates as a subsidiary of Pathos AI, Inc