Randy Seidl Buys 8,514 Shares of Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl acquired 8,514 shares of the stock in a transaction that occurred on Tuesday, May 20th. The stock was acquired at an average cost of $1.73 per share, for a total transaction of $14,729.22. Following the completion of the transaction, the chief executive officer directly owned 610,834 shares in the company, valued at $1,056,742.82. This represents a 1.41% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Rain Enhancement Technologies Holdco Trading Down 2.9%

RAIN stock opened at $2.38 on Friday. The stock has a market capitalization of $19.49 million, a PE ratio of -1.90 and a beta of -0.30. Rain Enhancement Technologies Holdco, Inc. has a 12-month low of $1.26 and a 12-month high of $8.52. The stock’s 50 day simple moving average is $2.42 and its 200 day simple moving average is $3.64.

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

Wall Street Analyst Weigh In

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. One analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has an average rating of “Sell”.

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

A number of hedge funds have recently added to or reduced their stakes in RAIN. Bank of America Corp DE increased its stake in shares of 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 purchasing an additional 7,797 shares in the last quarter. Clear Street Group Inc. purchased a new stake in shares of Rain Enhancement Technologies Holdco in the 3rd quarter worth $53,000. Quarry LP purchased a new stake in shares of Rain Enhancement Technologies Holdco in the 4th quarter worth $88,000. Geode Capital Management LLC increased 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 worth $127,000 after purchasing an additional 4,896 shares in the last quarter. Finally, Knott David M Jr purchased a new stake in shares of Rain Enhancement Technologies Holdco in the 1st quarter worth $258,000. 25.79% of the stock is currently owned by hedge funds and other institutional investors.

Rain Enhancement Technologies Holdco Company Profile

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