Insider Selling: RYTHM (NASDAQ:RYM) Director Sells $130,000.00 in Stock

RYTHM, Inc. (NASDAQ:RYM) Director Max Holtzman sold 5,000 shares of the company’s stock in a transaction on Tuesday, June 16th. The shares were sold at an average price of $26.00, for a total transaction of $130,000.00. Following the completion of the transaction, the director owned 5,000 shares of the company’s stock, valued at approximately $130,000. The trade was a 50.00% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

RYTHM Trading Up 3.1%

Shares of NASDAQ RYM traded up $0.83 during mid-day trading on Thursday, reaching $27.98. The company had a trading volume of 8,747 shares, compared to its average volume of 16,174. The firm has a 50 day simple moving average of $26.94 and a two-hundred day simple moving average of $22.28. RYTHM, Inc. has a 52-week low of $14.00 and a 52-week high of $53.65. The stock has a market cap of $60.16 million, a P/E ratio of -1.95 and a beta of 9.46.

RYTHM (NASDAQ:RYM) last announced its quarterly earnings results on Tuesday, May 5th. The company reported $1.33 earnings per share for the quarter. RYTHM had a negative net margin of 38.99% and a negative return on equity of 56.12%. The firm had revenue of $13.29 million during the quarter.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Wall Street Zen raised RYTHM from a “sell” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings raised RYTHM from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Institutional Trading of RYTHM

An institutional investor recently bought a new stake in RYTHM stock. Jane Street Group LLC acquired a new stake in RYTHM, Inc. (NASDAQ:RYM) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 9,968 shares of the company’s stock, valued at approximately $213,000. Jane Street Group LLC owned 0.46% of RYTHM as of its most recent filing with the Securities and Exchange Commission (SEC). 5.98% of the stock is owned by institutional investors.

RYTHM Company Profile

Agrify Corporation develops precision hardware and software cultivation and extraction solutions for the cannabis and hemp industry in the United States. The company offers vertical farming units and Agrify Insights Software-as-a-Service software; integrated grow racks and LED grow lights; and non-proprietary products designed, engineered, and manufactured by third parties, such as air cleaning systems and pesticide-free surface protection products. It also provides associated services comprising consulting, engineering, and construction.