Randy Seidl Acquires 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 Rain Enhancement Technologies Holdco stock in a transaction on Wednesday, August 19th. The shares were 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 owned 754,834 shares of the company’s stock, valued at $717,092.30. This trade represents a 17.06% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

Rain Enhancement Technologies Holdco Trading Down 3.0%

Shares of NASDAQ RAIN traded down $0.03 during mid-day trading on Thursday, hitting $0.88. The company had a trading volume of 66,316 shares, compared to its average volume of 1,605,535. The stock’s 50-day moving average price is $1.62 and its 200-day moving average price is $2.14. Rain Enhancement Technologies Holdco, Inc. has a 1 year low of $0.81 and a 1 year high of $8.52. The company has a market capitalization of $7.21 million, a price-to-earnings ratio of -0.58 and a beta of -0.22.

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

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

Hedge funds and other institutional investors have recently modified their holdings of the business. Knott David M Jr bought a new stake in Rain Enhancement Technologies Holdco during the first quarter valued at about $258,000. Quarry LP acquired a new position in shares of Rain Enhancement Technologies Holdco in the 4th quarter valued at $88,000. Bank of America Corp DE raised its stake 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 acquiring an additional 7,797 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 worth $127,000 after acquiring an additional 4,896 shares during the period. 25.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, Rain Enhancement Technologies Holdco 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