Rain Enhancement Technologies Holdco (NASDAQ:RAIN) CEO Randy Seidl Purchases 8,514 Shares

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl purchased 8,514 shares of Rain Enhancement Technologies Holdco stock in a transaction dated Tuesday, May 20th. The stock was bought at an average price of $1.73 per share, with a total value of $14,729.22. Following the completion of the transaction, the chief executive officer owned 610,834 shares of the company’s stock, valued at $1,056,742.82. This represents a 1.41% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rain Enhancement Technologies Holdco Trading Down 2.9%

Shares of NASDAQ RAIN traded down $0.07 during mid-day trading on Friday, hitting $2.38. The company had a trading volume of 42,491 shares, compared to its average volume of 28,144. The company has a market capitalization of $19.49 million, a price-to-earnings ratio of -1.90 and a beta of -0.30. Rain Enhancement Technologies Holdco, Inc. has a 1 year low of $1.26 and a 1 year high of $8.52. The stock’s 50-day moving average price is $2.42 and its 200-day moving average price is $3.64.

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

Hedge Funds Weigh In On Rain Enhancement Technologies Holdco

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC grew its position in Rain Enhancement Technologies Holdco by 29.2% during the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock worth $127,000 after buying an additional 4,896 shares in the last quarter. Quarry LP purchased a new position in Rain Enhancement Technologies Holdco during the fourth quarter worth about $88,000. Bank of America Corp DE grew its position 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. Knott David M Jr purchased a new position in Rain Enhancement Technologies Holdco during the first quarter worth about $258,000. Finally, Clear Street Group Inc. purchased a new position in Rain Enhancement Technologies Holdco during the third quarter worth about $53,000. 25.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

About Rain Enhancement Technologies Holdco

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