Rain Enhancement Technologies Holdco (NASDAQ:RAIN) CEO Randy Seidl Purchases 110,000 Shares of Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl purchased 110,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was acquired at an average price of $0.95 per share, for a total transaction of $104,500.00. Following the completion of the transaction, the chief executive officer directly owned 754,834 shares of the company’s stock, valued at approximately $717,092.30. This trade represents a 17.06% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Rain Enhancement Technologies Holdco Price Performance

Shares of Rain Enhancement Technologies Holdco stock opened at $0.88 on Friday. The company’s fifty day simple moving average is $1.62 and its 200-day simple moving average is $2.14. The stock has a market capitalization of $7.21 million, a PE ratio of -0.58 and a beta of -0.22. Rain Enhancement Technologies Holdco, Inc. has a 1-year low of $0.81 and a 1-year high of $8.52.

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

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of Rain Enhancement Technologies Holdco in a report on Wednesday. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company presently has a consensus rating of “Sell”.

Institutional Trading of Rain Enhancement Technologies Holdco

Several institutional investors and hedge funds have recently added to or reduced their stakes in RAIN. Geode Capital Management LLC boosted its stake in 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 during the period. Bank of America Corp DE raised its position in shares of 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 valued at $43,000 after buying an additional 7,797 shares during the last quarter. Quarry LP purchased a new position in shares of Rain Enhancement Technologies Holdco in the fourth quarter worth $88,000. Finally, Knott David M Jr bought a new position in shares of Rain Enhancement Technologies Holdco during the first quarter worth $258,000. Institutional investors own 25.79% of the company’s stock.

Rain Enhancement Technologies Holdco Company Profile

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