Insider Buying: Rain Enhancement Technologies Holdco (NASDAQ:RAIN) CEO Purchases $104,500.00 in Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl bought 110,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were acquired at an average price of $0.95 per share, with a total value 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 $717,092.30. This trade represents a 17.06% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Rain Enhancement Technologies Holdco Stock Performance

Shares of RAIN traded down $0.03 during trading hours on Thursday, hitting $0.88. 66,316 shares of the stock were exchanged, compared to its average volume of 1,605,535. The stock’s 50-day moving average price is $1.62 and its two-hundred day moving average price is $2.14. The company has a market cap of $7.21 million, a price-to-earnings ratio of -0.58 and a beta of -0.22. Rain Enhancement Technologies Holdco, Inc. has a 12-month low of $0.81 and a 12-month high of $8.52.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last announced 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 upgraded Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 22nd. One investment analyst has rated the stock with a Sell rating, According to MarketBeat, the stock presently has an average rating of “Sell”.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings 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 valued at $127,000 after buying an additional 4,896 shares during the period. Bank of America Corp DE grew its position 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 valued at $43,000 after acquiring an additional 7,797 shares in the last quarter. Quarry LP purchased a new stake in Rain Enhancement Technologies Holdco during the fourth quarter worth about $88,000. Finally, Knott David M Jr purchased a new stake in Rain Enhancement Technologies Holdco during the first quarter worth about $258,000. 25.79% of the stock is currently owned by institutional investors and hedge funds.

Rain Enhancement Technologies Holdco Company Profile

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