Rain Enhancement Technologies Holdco (NASDAQ:RAIN) CEO Buys $75,900.00 in Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl acquired 30,000 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were bought at an average price of $2.53 per share, for a total transaction of $75,900.00. Following the purchase, the chief executive officer owned 640,834 shares in the company, valued at approximately $1,621,310.02. This represents a 4.91% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Rain Enhancement Technologies Holdco Stock Performance

RAIN traded down $0.07 on Friday, reaching $2.38. The company had a trading volume of 42,491 shares, compared to its average volume of 28,144. Rain Enhancement Technologies Holdco, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $8.52. The stock has a market cap of $19.49 million, a P/E ratio of -1.90 and a beta of -0.30. The company’s fifty day moving average is $2.42 and its 200 day moving average is $3.64.

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 firm had revenue of $0.01 million during the quarter.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE grew its holdings in 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 buying an additional 7,797 shares in the last quarter. Clear Street Group Inc. bought a new position in Rain Enhancement Technologies Holdco in the 3rd quarter worth approximately $53,000. Quarry LP purchased a new position in Rain Enhancement Technologies Holdco in the 4th quarter valued at approximately $88,000. Geode Capital Management LLC raised its holdings in 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 acquiring an additional 4,896 shares during the period. Finally, Knott David M Jr bought a new position in Rain Enhancement Technologies Holdco in the 1st quarter worth about $258,000. 25.79% of the stock is owned by institutional investors.

Rain Enhancement Technologies Holdco Company Profile

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