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

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

Rain Enhancement Technologies Holdco Stock Performance

Shares of Rain Enhancement Technologies Holdco stock opened at $2.38 on Friday. The company has a market capitalization of $19.49 million, a PE ratio of -1.90 and a beta of -0.30. The company has a 50-day simple moving average of $2.42 and a two-hundred day simple moving average of $3.64. Rain Enhancement Technologies Holdco, Inc. has a one year low of $1.26 and a one year high of $8.52.

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

Hedge Funds Weigh In On Rain Enhancement Technologies Holdco

Several hedge funds have recently modified their holdings of the stock. Knott David M Jr acquired a new position in shares of Rain Enhancement Technologies Holdco during the first quarter valued at about $258,000. Quarry LP acquired a new position in shares of Rain Enhancement Technologies Holdco during the fourth quarter valued at about $88,000. Geode Capital Management LLC increased its holdings in shares of Rain Enhancement Technologies Holdco by 29.2% during the fourth quarter. Geode Capital Management LLC now owns 21,682 shares of the company’s stock valued at $127,000 after acquiring an additional 4,896 shares in the last quarter. Clear Street Group Inc. acquired a new position in shares of Rain Enhancement Technologies Holdco during the third quarter valued at about $53,000. Finally, Bank of America Corp DE increased its holdings 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 acquiring an additional 7,797 shares in the last quarter. Institutional investors and hedge funds own 25.79% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings downgraded shares of Rain Enhancement Technologies Holdco from a “sell (e+)” rating to a “sell (e)” rating in a report on Friday, May 8th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Rain Enhancement Technologies Holdco presently 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