Randy Seidl Purchases 110,000 Shares of Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl acquired 110,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was purchased at an average cost of $0.95 per share, with a total value of $104,500.00. Following the completion of the acquisition, the chief executive officer directly owned 754,834 shares of the company’s stock, valued at approximately $717,092.30. This trade represents a 17.06% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Rain Enhancement Technologies Holdco Price Performance

Rain Enhancement Technologies Holdco stock opened at $0.85 on Friday. The business has a 50 day simple moving average of $1.60 and a 200-day simple moving average of $2.13. Rain Enhancement Technologies Holdco, Inc. has a 12 month low of $0.81 and a 12 month high of $8.52. The stock has a market capitalization of $6.92 million, a PE ratio of -0.56 and a beta of -0.22.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last announced its quarterly earnings data on Friday, August 14th. The company reported ($0.40) EPS for the quarter.

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

Institutional investors have recently modified their holdings of the business. Bank of America Corp DE grew its position in Rain Enhancement Technologies Holdco by 38,985.0% in the 3rd 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 during the last quarter. Quarry LP acquired a new stake in shares of Rain Enhancement Technologies Holdco during the 4th quarter valued at $88,000. Geode Capital Management LLC boosted its position in shares of Rain Enhancement Technologies Holdco by 29.2% in 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 during the period. Finally, Knott David M Jr acquired a new position in shares of Rain Enhancement Technologies Holdco in the first quarter worth about $258,000. Institutional investors own 25.79% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rain Enhancement Technologies Holdco in a research note on Wednesday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of “Sell”.

Rain Enhancement Technologies Holdco Company Profile

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