Research analysts at Stifel Nicolaus assumed coverage on shares of Powerlaw (NASDAQ:PWRL – Get Free Report) in a report issued on Monday, Benzinga reports. The firm set a “buy” rating on the stock.
Powerlaw Stock Up 1.3%
Shares of Powerlaw stock traded up $0.15 on Monday, reaching $12.05. 106,425 shares of the company traded hands, compared to its average volume of 201,053. The business has a 50 day moving average of $11.21. Powerlaw has a 52 week low of $9.40 and a 52 week high of $40.00.
Insider Buying and Selling at Powerlaw
In other Powerlaw news, CEO Mike Dinsdale purchased 8,726 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The shares were acquired at an average cost of $11.46 per share, with a total value of $99,999.96. Following the completion of the acquisition, the chief executive officer directly owned 695,230 shares in the company, valued at $7,967,335.80. The trade was a 1.27% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 8.50% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in PWRL. Ieq Capital LLC purchased a new stake in shares of Powerlaw in the 2nd quarter valued at approximately $232,000. HighTower Advisors LLC purchased a new stake in shares of Powerlaw during the 2nd quarter worth about $431,000. Resolute Advisors LLC bought a new stake in shares of Powerlaw in the 2nd quarter worth about $869,000. Finally, Bank of America Corp DE acquired a new stake in shares of Powerlaw in the 2nd quarter worth about $1,718,000.
Powerlaw Company Profile
Powerlaw Corp. is a venture capital fund specializing in directly investing. It prefers investing in growth capital and late stage. The fund prefers to invest in private technology companies, technology: artificial intelligence, next-generation software, modern aerospace and defense, and leading consumer technology platforms and enterprise SaaS sectors.
Recommended Stories
- Five stocks we like better than Powerlaw
- Anthropic’s IPO Filing Reveals a Massive Opportunity for AI Infrastructure Giants
- Buy the Dip: 4 Stocks the Market Marked Down Too Far Ahead of Big Catalysts
- Insiders Are Selling These 5 AI Stocks—Should You Worry?
- 3 Companies With Room to Pass on Costs to Manage Inflation
Receive News & Ratings for Powerlaw Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Powerlaw and related companies with MarketBeat.com's FREE daily email newsletter.
