Rezolve AI (NASDAQ:RZLV) CEO Acquires $3,251,824.00 in Stock

Rezolve AI PLC (NASDAQ:RZLV) CEO Daniel Maurice Wagner bought 812,956 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were bought at an average cost of $4.00 per share, for a total transaction of $3,251,824.00. Following the purchase, the chief executive officer owned 47,785,117 shares of the company’s stock, valued at approximately $191,140,468. The trade was a 1.73% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Rezolve AI Trading Down 7.1%

Shares of NASDAQ RZLV traded down $0.20 during midday trading on Thursday, reaching $2.60. 15,666,094 shares of the company were exchanged, compared to its average volume of 22,403,129. The stock’s 50-day moving average price is $2.59 and its 200-day moving average price is $3.18. Rezolve AI PLC has a one year low of $1.47 and a one year high of $8.45. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.67 and a current ratio of 0.67.

Wall Street Analyst Weigh In

A number of research firms have weighed in on RZLV. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Rezolve AI in a research note on Tuesday. HC Wainwright reaffirmed a “buy” rating and set a $12.00 target price on shares of Rezolve AI in a research note on Wednesday, February 11th. Alliance Global Partners reaffirmed a “buy” rating on shares of Rezolve AI in a research note on Wednesday, January 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $8.00 target price on shares of Rezolve AI in a research note on Wednesday, January 14th. Finally, iA Financial set a $14.00 target price on shares of Rezolve AI in a research note on Wednesday, January 14th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $11.00.

Hedge Funds Weigh In On Rezolve AI

Hedge funds have recently modified their holdings of the business. California State Teachers Retirement System lifted its holdings in shares of Rezolve AI by 72.3% during the fourth quarter. California State Teachers Retirement System now owns 11,042 shares of the company’s stock worth $28,000 after purchasing an additional 4,633 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Rezolve AI by 305.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 11,278 shares of the company’s stock worth $29,000 after purchasing an additional 8,497 shares during the period. Simplicity Wealth LLC acquired a new position in shares of Rezolve AI during the fourth quarter worth $30,000. B. Riley Wealth Advisors Inc. acquired a new position in shares of Rezolve AI during the second quarter worth $31,000. Finally, Legal & General Group Plc acquired a new position in shares of Rezolve AI during the second quarter worth $31,000. Institutional investors and hedge funds own 27.96% of the company’s stock.

About Rezolve AI

Rezolve AI, Inc operates a cloud-based engagement platform that connects physical world touchpoints to digital experiences. Through its proprietary Rezolve platform, the company enables brands and marketers to deploy interactive mobile campaigns triggered by NFC-enabled tags, QR codes, short URLs and other proximity-based technologies. These campaigns facilitate in-the-moment product demonstrations, digital promotions and seamless e-commerce transactions without the need to download a dedicated app.

The company’s platform includes a no-code campaign management portal, real-time analytics dashboard and integration tools for customer relationship management, payment processing and third-party marketing systems.