Saturday, June 25, 2022

Insider Selling: Votava Shannon M., Sensata Technologies Holding plc [ST] SVP, Chief Legal Officer divested 1,800 shares

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sensata Technologies Holding plc shares valued at $87,858 were sold by Votava Shannon M. on Jun 07. At $48.81 per share, Votava Shannon M. sold 1,800 shares. The insider’s holdings dropped to 16,389 shares worth approximately $0.69 million following the completion of this transaction.

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Also, ZIDE STEPHEN M sold 12,900 shares, netting a total of over 590,708 in proceeds. Following the sale of shares at $45.79 each, the insider now holds 21,536 shares.

Before that, COTE JEFFREY J had sold 94,956 shares from its account. In a trade valued at $6,172,140, the CEO and President traded Sensata Technologies Holding plc shares for $65.00 each. Upon closing the transaction, the insider’s holdings decreased to 94,956 shares, worth approximately $10.98 million.

As published in a research note from Wolfe Research on June 22, 2022, Sensata Technologies Holding plc [ST] has been rated up from a Peer perform to an Outperform and the price target has been revised to $55. This represents a 22.95% premium over Wednesday’s closing price. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid February. As of January 14, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for ST. Earlier on December 14, 2021, Evercore ISI downgraded its rating. Their new recommendation was “an In-line” for ST stock which previously was a “an Outperform”.

Analyzing ST’s Price Performance

On Wednesday, Sensata Technologies Holding plc [NYSE: ST] plunged -0.02% to $42.38. The stock’s lowest price that day was $41.7594, but it reached a high of $43.18 in the same session. During the last five days, there has been a drop of approximately -2.66%. Over the course of the year, Sensata Technologies Holding plc shares have dropped approximately -31.30%. Shares of the company reached a 52-week high of $65.58 on 01/05/22 and a 52-week low of $40.22 on 06/17/22. A 50-day SMA is recorded $46.08, while a 200-day SMA reached $54.37. Nevertheless, trading volume fell to 1.0 million shares from 1.77 million shares the previous day.

Support And Resistance Levels for Sensata Technologies Holding plc (ST)

According to the 24-hour chart, there is a support level at 41.70, which, if violated, would cause prices to drop to 41.02. In the upper region, resistance lies at 43.12. The next price resistance is at 43.86. RSI (Relative Strength Index) is 38.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.46, which suggests the price will decrease in the coming days. Percent R is at 77.07%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Sensata Technologies Holding plc subject to short interest?

Stocks of Sensata Technologies Holding plc saw a sharp steep in short interest on Apr 28, 2022 dropping by -2.77 million shares to 4.4 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2022 was 7.17 million shares. A decline of -62.95% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.34 of the overall float, the days-to-cover ratio (short ratio) decline to 2.34.

Which companies own the most shares of Sensata Technologies Holding plc (ST)?

According to Artisan Partners LP filings, the company currently owns 16,710,997 shares, which is about 10.65% of the total ST shares outstanding. The investor’s shares have appreciated by 5,512,650 from its previous 13-F filing of 11198347.0 shares. With the completion of the buy, The Vanguard Group, Inc.’s stake is now worth $663,920,707. Select Equity Group LP acquire a 4.85% interest valued at $469.23 million while Janus Henderson Investors US LLC sold a -976,975 stake. A total of -1,222,628 shares of Sensata Technologies Holding plc were sold by Fidelity Management & Research Co during the quarter, and 109,678 were bought by BlackRock Fund Advisors. In its current portfolio, Generation Investment Management holds 5,894,156 shares valued at $283.1 million.

In terms of Sensata Technologies Holding plc share price expectations, FactSet research, analysts set an average price target of $60.68 in the next 12 months, up nearly 41.54% from the previous closing price of $42.39. Analysts anticipate Sensata Technologies Holding plc stock to reach $83.00 by 2022, with the lowest price target being $50.00. In spite of this, 21 analysts ranked Sensata Technologies Holding plc stock as an Overweight at the end of 2022. On October 18, 2021, JP Morgan assigned a price target of “a Neutral” to the stock and downgraded coverage with a $65.

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