Randy Seidl Purchases 4,000 Shares of Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl bought 4,000 shares of the stock in a transaction that occurred on Thursday, May 22nd. The shares were purchased at an average price of $2.58 per share, with a total value of $10,320.00. Following the completion of the acquisition, the chief executive officer directly owned 644,834 shares in the company, valued at $1,663,671.72. This trade represents a 0.62% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Rain Enhancement Technologies Holdco Trading Down 2.9%

Rain Enhancement Technologies Holdco stock traded down $0.07 during midday trading on Friday, reaching $2.38. 42,491 shares of the stock traded hands, compared to its average volume of 28,144. The company has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $3.64. Rain Enhancement Technologies Holdco, Inc. has a 12-month low of $1.26 and a 12-month high of $8.52. The firm has a market cap of $19.49 million, a PE ratio of -1.90 and a beta of -0.30.

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

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Rain Enhancement Technologies Holdco

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Knott David M Jr purchased a new position in shares of Rain Enhancement Technologies Holdco in the 1st quarter valued at about $258,000. Harraden Circle Investments LLC purchased a new position in shares of Rain Enhancement Technologies Holdco in the 3rd quarter valued at about $332,000. Geode Capital Management LLC boosted its stake 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 buying an additional 4,896 shares during the period. Quarry LP purchased a new position in shares of Rain Enhancement Technologies Holdco in the 4th quarter valued at about $88,000. Finally, Clear Street Group Inc. purchased a new position in shares of Rain Enhancement Technologies Holdco in the 3rd quarter valued at about $53,000. 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