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 business’s stock in a transaction on Wednesday, August 19th. The stock was purchased at an average price of $0.95 per share, for a total transaction of $104,500.00. Following the purchase, the chief executive officer directly owned 754,834 shares in the company, valued at approximately $717,092.30. This represents a 17.06% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Rain Enhancement Technologies Holdco Stock Down 3.9%

NASDAQ:RAIN opened at $0.85 on Friday. The company has a market cap of $6.92 million, a P/E ratio of -0.56 and a beta of -0.22. Rain Enhancement Technologies Holdco, Inc. has a twelve month low of $0.81 and a twelve month high of $8.52. The business has a 50 day moving average price of $1.60 and a two-hundred day moving average price of $2.13.

Rain Enhancement Technologies Holdco (NASDAQ:RAIN) last posted 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 reissued a “sell (e+)” rating on shares of Rain Enhancement Technologies Holdco in a research report on Wednesday. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the stock has a consensus rating of “Sell”.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of RAIN. Bank of America Corp DE increased its position in shares of Rain Enhancement Technologies Holdco by 38,985.0% during the 3rd quarter. Bank of America Corp DE now owns 7,817 shares of the company’s stock worth $43,000 after purchasing an additional 7,797 shares during the last quarter. Quarry LP acquired a new stake in shares of Rain Enhancement Technologies Holdco in the 4th quarter valued at approximately $88,000. 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, Knott David M Jr bought a new position in shares of Rain Enhancement Technologies Holdco in the first quarter valued at $258,000. 25.79% of the stock is currently owned by institutional investors.

About Rain Enhancement Technologies Holdco

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