Rain Enhancement Technologies Holdco (NASDAQ:RAIN) CEO Randy Seidl Purchases 30,000 Shares

Rain Enhancement Technologies Holdco, Inc. (NASDAQ:RAIN) CEO Randy Seidl purchased 30,000 shares of Rain Enhancement Technologies Holdco stock in a transaction that occurred on Wednesday, May 21st. The shares were bought at an average price of $2.53 per share, with a total value of $75,900.00. Following the transaction, the chief executive officer owned 640,834 shares of the company’s stock, valued at $1,621,310.02. This trade represents a 4.91% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Rain Enhancement Technologies Holdco Stock Performance

RAIN opened at $2.38 on Friday. The firm has a market cap of $19.49 million, a P/E ratio of -1.90 and a beta of -0.30. The firm has a 50-day moving average of $2.42 and a 200 day moving average of $3.64. Rain Enhancement Technologies Holdco, Inc. has a fifty-two week low of $1.26 and a fifty-two week high of $8.52.

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

Hedge Funds Weigh In On Rain Enhancement Technologies Holdco

Institutional investors have recently bought and sold shares of the company. Bank of America Corp DE lifted its stake in 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 purchasing an additional 7,797 shares during the last quarter. Clear Street Group Inc. purchased a new position in Rain Enhancement Technologies Holdco in the third quarter valued at approximately $53,000. Quarry LP purchased a new position in Rain Enhancement Technologies Holdco in the fourth quarter valued at approximately $88,000. Geode Capital Management LLC raised its holdings in Rain Enhancement Technologies Holdco by 29.2% during the 4th 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 during the period. Finally, Harraden Circle Investments LLC bought a new stake in Rain Enhancement Technologies Holdco during the 3rd quarter valued at $332,000. Hedge funds and other institutional investors own 25.79% of the company’s stock.

Wall Street Analysts Forecast Growth

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