Randy Seidl Buys 30,000 Shares of Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl acquired 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was purchased at an average cost of $2.53 per share, with a total value of $75,900.00. Following the purchase, the chief executive officer directly owned 640,834 shares in the company, valued at approximately $1,621,310.02. This trade represents a 4.91% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Rain Enhancement Technologies Holdco Price Performance

Rain Enhancement Technologies Holdco stock traded down $0.07 during midday trading on Friday, reaching $2.38. The stock had a trading volume of 42,491 shares, compared to its average volume of 28,144. The firm’s fifty day simple moving average is $2.42 and its two-hundred day simple moving average is $3.64. Rain Enhancement Technologies Holdco, Inc. has a twelve month low of $1.26 and a twelve month high of $8.52. The firm has a market cap of $19.49 million, a price-to-earnings ratio of -1.90 and a beta of -0.30.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last posted its quarterly earnings data on Friday, May 15th. The company reported ($0.24) EPS for the quarter. The company had revenue of $0.01 million for the quarter.

Hedge Funds Weigh In On Rain Enhancement Technologies Holdco

Hedge funds and other institutional investors have recently made changes to their positions in the company. Bank of America Corp DE boosted its position in shares of Rain Enhancement Technologies Holdco by 38,985.0% during 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. Clear Street Group Inc. acquired a new stake in shares of Rain Enhancement Technologies Holdco during the third quarter worth about $53,000. Quarry LP bought a new position in shares of Rain Enhancement Technologies Holdco during the 4th quarter valued at about $88,000. Geode Capital Management LLC lifted its holdings in shares of Rain Enhancement Technologies Holdco by 29.2% during the 4th quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after purchasing an additional 4,896 shares in the last quarter. Finally, Knott David M Jr acquired a new position in shares of Rain Enhancement Technologies Holdco in the 1st quarter valued at approximately $258,000. 25.79% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

About Rain Enhancement Technologies Holdco

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