Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Freshpet Inc. shares valued at $544,000 were sold by Weise Stephen on May 27. At $68.00 per share, Weise Stephen sold 8,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Weise Stephen sold 4,351 shares, netting a total of over 459,978 in proceeds. Following the sale of shares at $105.73 each, the insider now holds 0 shares.
Before that, NORRIS CHARLES A had added 5,000 shares to its account. In a trade valued at $550,150, the Director bought Freshpet Inc. shares for $110.03 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $1.18 million.
As published in a research note from Truist on September 08, 2022, Freshpet Inc. [FRPT] has been rated down from a Buy to a Hold. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid August. As of May 20, 2022, Atlantic Equities has decreased its “an Overweight” rating to a “Neutral” for FRPT. Earlier on April 28, 2022, The Benchmark Company initiated its rating. Their recommendation was “a Buy” for FRPT stock.
Analyzing FRPT’s Price Performance
On Wednesday, Freshpet Inc. [NASDAQ: FRPT] plunged -1.63% to $39.24. The stock’s lowest price that day was $39.04, but it reached a high of $41.69 in the same session. During the last five days, there has been a drop of approximately -5.67%. Over the course of the year, Freshpet Inc. shares have dropped approximately -58.81%. Shares of the company reached a 52-week high of $118.77 on 04/20/22 and a 52-week low of $36.02 on 09/08/22. A 50-day SMA is recorded $46.51, while a 200-day SMA reached $75.80. Nevertheless, trading volume fell to 1.37 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Freshpet Inc. (FRPT)
According to the 24-hour chart, there is a support level at 38.29, which, if violated, would cause prices to drop to 37.34. In the upper region, resistance lies at 40.94. The next price resistance is at 42.64. RSI (Relative Strength Index) is 33.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 58.24%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Freshpet Inc. subject to short interest?
Stocks of Freshpet Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.44 million shares to 4.61 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 4.17 million shares. A jump of 9.54% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.51 of the overall float, the days-to-cover ratio (short ratio) jumped to 5.51.
Which companies own the most shares of Freshpet Inc. (FRPT)?
According to The Vanguard Group, Inc. filings, the company currently owns 4,158,876 shares, which is about 8.70% of the total FRPT shares outstanding. The investor’s shares have appreciated by 388,171 from its previous 13-F filing of 3770705.0 shares. With the completion of the buy transaction, Wasatch Advisors, Inc.’s stake is now worth $177,413,001. Champlain Investment Partners LLC acquire a 56.34% interest valued at $159.79 million while T. Rowe Price Associates, Inc. sold a -164,047 stake. A total of 1,431,347 shares of Freshpet Inc. were sold by AllianceBernstein LP during the quarter, and -1,273,931 were sold by Capital Research & Management Co. In its current portfolio, Wellington Management Co. LLP holds 1,778,442 shares valued at $77.42 million.
In terms of Freshpet Inc. share price expectations, FactSet research, analysts set an average price target of $65.75 in the next 12 months, up nearly 64.2% from the previous closing price of $39.89. Analysts anticipate Freshpet Inc. stock to reach $100.00 by 2022, with the lowest price target being $32.00. In spite of this, 17 analysts ranked Freshpet Inc. stock as an Overweight at the end of 2022. On March 30, 2022, Goldman assigned a price target of “a Buy” to the stock and upgraded coverage with a $136.