A company insider recently bought 15,000 shares of Prologis Inc. [PLD]. Should You Buy?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Prologis Inc. shares valued at $1,779,750 were purchased by Modjtabai Avid on May 20. At $118.65 per share, Modjtabai Avid acquired 15,000 shares. The insider’s holdings grew to 15,000 shares worth approximately $1.63 million following the completion of this transaction.


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Also, LYONS IRVING F III sold 44,385 shares, netting a total of over 7,305,727 in proceeds. Following the sale of shares at $164.60 each, the insider now holds 22,431 shares.

Before that, ZOLLARS WILLIAM D had sold 1,350 shares from its account. In a trade valued at $210,168, the Director traded Prologis Inc. shares for $155.68 each. Upon closing the transaction, the insider’s holdings decreased to 1,350 shares, worth approximately $1.69 million.

As published in a research note from Wolfe Research on August 24, 2022, Prologis Inc. [PLD] has been rated up from a Peer perform to an Outperform. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in mid September. As of September 01, 2021, Barclays has initiated its “an Overweight” rating for PLD. Earlier on June 15, 2021, Wolfe Research initiated its rating. Their recommendation was “a Peer perform” for PLD stock.

Analyzing PLD’s Price Performance

On Wednesday, Prologis Inc. [NYSE: PLD] plunged -2.15% to $108.55. The stock’s lowest price that day was $108.51, but it reached a high of $112.13 in the same session. During the last five days, there has been a drop of approximately -10.35%. Over the course of the year, Prologis Inc. shares have dropped approximately -35.53%. Shares of the company reached a 52-week high of $174.54 on 04/21/22 and a 52-week low of $106.46 on 06/13/22. A 50-day SMA is recorded $127.15, while a 200-day SMA reached $141.60. Nevertheless, trading volume fell to 4.61 million shares from 5.19 million shares the previous day.

Support And Resistance Levels for Prologis Inc. (PLD)

According to the 24-hour chart, there is a support level at 107.33, which, if violated, would cause prices to drop to 106.11. In the upper region, resistance lies at 110.95. The next price resistance is at 113.35. RSI (Relative Strength Index) is 24.45 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -10.15, which suggests the price will decrease in the coming days. Percent R is at 99.82%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

Is Prologis Inc. subject to short interest?

Stocks of Prologis Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.37 million shares to 15.88 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 12.51 million shares. A jump of 21.22% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.14 of the overall float, the days-to-cover ratio (short ratio) jumped to 4.14.

Which companies own the most shares of Prologis Inc. (PLD)?

According to The Vanguard Group, Inc. filings, the company currently owns 93,615,512 shares, which is about 12.64% of the total PLD shares outstanding. The investor’s shares have plunged by -434,423 from its previous 13-F filing of 94049935.0 shares. With the completion of the sale transaction, SSgA Funds Management, Inc.’s stake is now worth $6,361,383,490. BlackRock Fund Advisors acquire a 2.06% interest valued at $5.79 billion while Cohen & Steers Capital Management purchased a 6,341,113 stake. A total of 1,172,943 shares of Prologis Inc. were bought by JPMorgan Investment Management, I during the quarter, and -125,959 were sold by APG Asset Management US, Inc. In its current portfolio, Fidelity Management & Research Co holds 16,729,231 shares valued at $2.08 billion.

In terms of Prologis Inc. share price expectations, FactSet research, analysts set an average price target of $159.00 in the next 12 months, up nearly 41.08% from the previous closing price of $110.93. Analysts anticipate Prologis Inc. stock to reach $200.00 by 2022, with the lowest price target being $133.00. In spite of this, 16 analysts ranked Prologis Inc. stock as an Overweight at the end of 2022. On April 16, 2021, Raymond James assigned a price target of “a Strong buy” to the stock and initiated coverage with a $125.

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