Chief Brand Officer Ru Nathaniel sale 400 shares of Sweetgreen Inc. [SG]

EURN Stock
EURN Stock

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sweetgreen Inc. shares valued at $8,000 were sold by Ru Nathaniel on Oct 18. At $20.00 per share, Ru Nathaniel sold 400 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, Jammet Nicolas sold 400 shares, netting a total of over 8,000 in proceeds. Following the sale of shares at $20.00 each, the insider now holds 0 shares.

Before that, Neman Jonathan had sold 200 shares from its account. In a trade valued at $4,000, the Chief Executive Officer traded Sweetgreen Inc. shares for $20.00 each. Upon closing the transaction, the insider’s holdings decreased to 200 shares, worth approximately $0.0.

As published in their initiating research note from BofA Securities on June 27, 2022, Sweetgreen Inc. [SG] has been a Neutral and the price target has been revised to $15. This represents a -16.33% premium over Thursday’s closing price. Analysts at Cowen resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid June. As of April 12, 2022, Citigroup has initiated its “Neutral” rating for SG. Earlier on March 04, 2022, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for SG stock.

Analyzing SG Stock Performance

On Thursday, Sweetgreen Inc. [NYSE: SG] plunged -2.24% to $17.45. The stock’s lowest price that day was $17.22, but it reached a high of $18.14 in the same session. During the last five days, there has been a drop of approximately -6.23%. Over the course of the year, Sweetgreen Inc. shares have dropped approximately -45.47%. A 50-day SMA is recorded $18.31, while a 200-day SMA reached $21.58. Nevertheless, trading volume fell to 0.89 million shares from 0.84 million shares the previous day.

Support And Resistance Levels for Sweetgreen Inc. (SG)

According to the 24-hour chart, there is a support level at 17.07, which, if violated, would cause prices to drop to 16.68. In the upper region, resistance lies at 17.99. The next price resistance is at 18.52. RSI (Relative Strength Index) is 43.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 80.70%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Sweetgreen Inc. subject to short interest?

Stocks of Sweetgreen Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 3.23 million shares to 11.06 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 7.83 million shares. A jump of 29.2% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 7.57 of the overall float, the days-to-cover ratio (short ratio) jumped to 7.57.

Which companies own the most shares of Sweetgreen Inc. (SG)?

According to Fidelity Management & Research Co filings, the company currently owns 13,645,333 shares, which is about 14.11% of the total SG shares outstanding. The investor’s shares have appreciated by 595,379 from its previous 13-F filing of 13049954.0 shares. With the completion of the sale transaction, T. Rowe Price Associates, Inc.’s stake is now worth $249,909,692. The Vanguard Group, Inc. acquire a 427.31% interest valued at $117.59 million while Anchorage Capital Group LLC 0 stake. In its current portfolio, UBS Asset Management Switzerland holds 3,037,365 shares valued at $56.19 million.

In terms of Sweetgreen Inc. share price expectations, FactSet research, analysts set an average price target of $22.00 in the next 12 months, up nearly 20.45% from the previous closing price of $17.85. Analysts anticipate Sweetgreen Inc. stock to reach $30.00 by 2022, with the lowest price target being $18.00. In spite of this, 9 analysts ranked Sweetgreen Inc. stock as a Buy at the end of 2022.


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