Sunday, June 26, 2022

TriplePoint Venture Growth BDC Corp. [TPVG] stock for 121,646 USD was acquired by Mathieu Christopher M.

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TriplePoint Venture Growth BDC Corp. shares valued at $121,646 were purchased by Mathieu Christopher M. on Jun 17. At $12.16 per share, Mathieu Christopher M. acquired 10,000 shares. The insider’s holdings grew to 25,500 shares worth approximately $0.32 million following the completion of this transaction.

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Also, Fornelli Cynthia M. purchased 1,000 shares, netting a total of over 14,750 in proceeds. Following the buying of shares at $14.75 each, the insider now holds 4,409 shares.

Before that, Fornelli Cynthia M. had added 500 shares to its account. In a trade valued at $8,525, the Director bought TriplePoint Venture Growth BDC Corp. shares for $17.05 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $41474.16.

As published in a research note from Compass Point on October 15, 2021, TriplePoint Venture Growth BDC Corp. [TPVG] has been rated down from a Buy to a Neutral and the price target has been revised to $15.75. Analysts at Compass Point upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late September. As of July 12, 2021, Piper Sandler has initiated its “an Overweight” rating for TPVG. Earlier on May 19, 2021, Oppenheimer initiated its rating. Their recommendation was “a Perform” for TPVG stock.

Analyzing TPVG’s Price Performance

During the last five days, there has been a drop of approximately -5.38%. Over the course of the year, TriplePoint Venture Growth BDC Corp. shares have dropped approximately -29.51%. Shares of the company reached a 52-week high of $18.31 on 01/04/22 and a 52-week low of $11.86 on 06/16/22. A 50-day SMA is recorded $15.09, while a 200-day SMA reached $16.55.

Support And Resistance Levels for TriplePoint Venture Growth BDC Corp. (TPVG)

According to the 24-hour chart, there is a support level at 12.52, which, if violated, would cause prices to drop to 12.39. In the upper region, resistance lies at 12.86. The next price resistance is at 13.06. RSI (Relative Strength Index) is 31.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 76.33%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Which companies own the most shares of TriplePoint Venture Growth BDC Corp. (TPVG)?

According to Goldman Sachs Asset Management LP filings, the company currently owns 1,270,289 shares, which is about 4.09% of the total TPVG shares outstanding. The investor’s shares have plunged by -523,718 from its previous 13-F filing of 1794007.0 shares. With the completion of the sale, ClearBridge Investments LLC’s stake is now worth $12,494,229. Van Eck Associates Corp. acquire a 52.71% interest valued at $10.76 million while Sound Income Strategies LLC purchased a 22,268 stake. A total of 25,015 shares of TriplePoint Venture Growth BDC Corp. were bought by Advisors Asset Management, Inc. during the quarter, and 28,406 were bought by Hennion & Walsh Asset Management,. In its current portfolio, Robert W. Baird & Co., Inc. holds 203,001 shares valued at $3.02 million.

On November 19, 2020, JMP Securities assigned a price target of “a Mkt outperform” to the stock and resumed coverage with a $13.

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