Randy Seidl Buys 4,000 Shares of Rain Enhancement Technologies Holdco (NASDAQ:RAIN) Stock

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl bought 4,000 shares of the business’s stock in a transaction on Thursday, May 22nd. The shares were acquired at an average cost of $2.58 per share, with a total value of $10,320.00. Following the purchase, the chief executive officer owned 644,834 shares of the company’s stock, valued at $1,663,671.72. The trade was a 0.62% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Rain Enhancement Technologies Holdco Stock Down 2.9%

RAIN stock opened at $2.38 on Friday. The business has a fifty day moving average of $2.42 and a two-hundred day moving average of $3.64. The stock has a market cap of $19.49 million, a price-to-earnings ratio of -1.90 and a beta of -0.30. Rain Enhancement Technologies Holdco, Inc. has a 52-week low of $1.26 and a 52-week high of $8.52.

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

Institutional Investors Weigh In On Rain Enhancement Technologies Holdco

A number of institutional investors have recently modified their holdings of RAIN. Harraden Circle Investments LLC acquired a new stake in shares of Rain Enhancement Technologies Holdco in the third quarter valued at $332,000. Bank of America Corp DE grew its stake in shares of Rain Enhancement Technologies Holdco by 38,985.0% in 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 in the last quarter. Clear Street Group Inc. acquired a new stake in shares of Rain Enhancement Technologies Holdco in the third quarter valued at $53,000. Geode Capital Management LLC grew its stake in shares of Rain Enhancement Technologies Holdco by 29.2% in the fourth 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 in the last quarter. Finally, Quarry LP acquired a new stake in shares of Rain Enhancement Technologies Holdco in the fourth quarter valued at $88,000. 25.79% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Rain Enhancement Technologies Holdco from a “sell (e)” rating to a “sell (e+)” rating in a research note on Friday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company has a consensus rating of “Sell”.

Rain Enhancement Technologies Holdco Company Profile

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