Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Senseonics Holdings Inc. shares valued at $98,500 were sold by JAIN Mukul on Aug 04. At $1.97 per share, JAIN Mukul sold 50,000 shares. The insider’s holdings dropped to 2,506,156 shares worth approximately $3.38 million following the completion of this transaction.
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Also, Fiorentino Edward sold 63,553 shares, netting a total of over 104,862 in proceeds. Following the sale of shares at $1.65 each, the insider now holds 427,739 shares.
Before that, Tressler Nick B. had sold 72,873 shares from its account. In a trade valued at $179,268, the Chief Financial Officer traded Senseonics Holdings Inc. shares for $2.46 each. Upon closing the transaction, the insider’s holdings decreased to 72,873 shares, worth approximately $0.42 million.
As published in their initiating research note from H.C. Wainwright on August 19, 2021, Senseonics Holdings Inc. [SENS] has been a Buy and the price target has been revised to $6. This represents a 77.5% premium over Wednesday’s closing price. Analysts at SVB Leerink downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in early April. As of March 05, 2021, Raymond James has decreased its “Mkt perform” rating to a “an Underperform” for SENS. Earlier on January 21, 2021, BTIG Research downgraded its rating. Their new recommendation was “a Neutral” for SENS stock which previously was a “a Buy”.
Analyzing SENS’s Price Performance
On Wednesday, Senseonics Holdings Inc. [AMEX: SENS] plunged -4.93% to $1.35. The stock’s lowest price that day was $1.33, but it reached a high of $1.44 in the same session. During the last five days, there has been a drop of approximately -15.09%. Over the course of the year, Senseonics Holdings Inc. shares have dropped approximately -49.44%. Shares of the company reached a 52-week high of $3.8900 on 02/10/22 and a 52-week low of $0.7701 on 05/12/22. A 50-day SMA is recorded $1.6136, while a 200-day SMA reached $1.8207. Nevertheless, trading volume fell to 3.93 million shares from 3.32 million shares the previous day.
Support And Resistance Levels for Senseonics Holdings Inc. (SENS)
According to the 24-hour chart, there is a support level at 1.3067, which, if violated, would cause prices to drop to 1.2633. In the upper region, resistance lies at 1.4167. The next price resistance is at 1.4833. RSI (Relative Strength Index) is 35.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1419, which suggests the price will decrease in the coming days. Percent R is at 95.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Senseonics Holdings Inc. subject to short interest?
Stocks of Senseonics Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -6.18 million shares to 77.85 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 84.03 million shares. A decline of -7.94% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 26.7 of the overall float, the days-to-cover ratio (short ratio) decline to 26.7.
Which companies own the most shares of Senseonics Holdings Inc. (SENS)?
According to BlackRock Fund Advisors filings, the company currently owns 27,276,289 shares, which is about 5.86% of the total SENS shares outstanding. The investor’s shares have appreciated by 428,434 from its previous 13-F filing of 26847855.0 shares. With the completion of the buy transaction, The Vanguard Group, Inc.’s stake is now worth $39,266,097. SSgA Funds Management, Inc. acquire a 11.62% interest valued at $25.09 million while Geode Capital Management LLC purchased a 779,852 stake. A total of 0 shares of Senseonics Holdings Inc. were bought by Masters Capital Management LLC during the quarter, and 49,169 were bought by Northern Trust Investments, Inc. In its current portfolio, Charles Schwab Investment Managem holds 3,101,153 shares valued at $5.52 million.
In terms of Senseonics Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $2.10 in the next 12 months, up nearly 76.06% from the previous closing price of $1.42. Analysts anticipate Senseonics Holdings Inc. stock to reach $3.00 by 2022, with the lowest price target being $0.80. In spite of this, 5 analysts ranked Senseonics Holdings Inc. stock as a Hold at the end of 2022.