Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tradeweb Markets Inc. shares valued at $750,048 were sold by Friedman Douglas on Jan 26. At $75.00 per share, Friedman Douglas sold 10,000 shares. The insider’s holdings dropped to 24,798 shares worth approximately $1.77 million following the completion of this transaction.
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Also, Zucker Scott sold 31,555 shares, netting a total of over 2,273,270 in proceeds. Following the sale of shares at $72.04 each, the insider now holds 24,302 shares.
Before that, Zucker Scott had sold 1,659 shares from its account. In a trade valued at $119,468, the Chief Admin. and Risk Officer traded Tradeweb Markets Inc. shares for $72.01 each. Upon closing the transaction, the insider’s holdings decreased to 1,659 shares, worth approximately $1.74 million.
As published in a research note from Raymond James on December 07, 2022, Tradeweb Markets Inc. [TW] has been rated up from a Mkt perform to an Outperform and the price target has been revised to $74. This represents a 3.28% premium over Wednesday’s closing price. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of August 17, 2022, Rosenblatt has initiated its “Buy” rating for TW. Earlier on February 15, 2022, Credit Suisse initiated its rating. Their recommendation was “an Outperform” for TW stock.
Analyzing TW Stock Performance
On Wednesday, Tradeweb Markets Inc. [NASDAQ: TW] rose 0.96% to $71.57. The stock’s lowest price that day was $70.20, but it reached a high of $71.69 in the same session. During the last five days, there has been a surge of approximately 0.25%. Over the course of the year, Tradeweb Markets Inc. shares have jumped approximately 10.23%. Shares of the company reached a 52-week high of $76.50 on 02/02/23 and a 52-week low of $62.45 on 01/05/23. A 50-day SMA is recorded $70.19, while a 200-day SMA reached $65.85. Nevertheless, trading volume fell to 0.65 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Tradeweb Markets Inc. (TW)
According to the 24-hour chart, there is a support level at 70.62, which, if violated, would cause prices to drop to 69.66. In the upper region, resistance lies at 72.11. The next price resistance is at 72.64. RSI (Relative Strength Index) is 48.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.43, which suggests the price will decrease in the coming days. Percent R is at 75.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Tradeweb Markets Inc. subject to short interest?
Stocks of Tradeweb Markets Inc. saw a sharp rise in short interest on Jan 12, 2023 jumping by 10000.0 shares to 3.6 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2022 was 3.59 million shares. A jump of 0.28% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 3.21 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.21.
Which companies own the most shares of Tradeweb Markets Inc. (TW)?
According to The Vanguard Group, Inc. filings, the company currently owns 10,124,327 shares, which is about 9.12% of the total TW shares outstanding. The investor’s shares have appreciated by 549,094 from its previous 13-F filing of 9575233.0 shares. With the completion of the buy transaction, T. Rowe Price Investment Manageme’s stake is now worth $545,805,807. Wellington Management Co. LLP acquire a 61.34% interest valued at $460.17 million while BlackRock Fund Advisors purchased a 723,652 stake. A total of 390,178 shares of Tradeweb Markets Inc. were bought by BlackRock Advisors LLC during the quarter, and -318,777 were sold by Ownership Capital BV. In its current portfolio, Franklin Advisers, Inc. holds 4,194,661 shares valued at $312.67 million.
In terms of Tradeweb Markets Inc. share price expectations, FactSet research, analysts set an average price target of $79.85 in the next 12 months, up nearly 12.85% from the previous closing price of $70.89. Analysts anticipate Tradeweb Markets Inc. stock to reach $90.00 by 2023, with the lowest price target being $66.00. In spite of this, 15 analysts ranked Tradeweb Markets Inc. stock as an Overweight at the end of 2023. On December 16, 2021, BofA Securities assigned a price target of “a Buy” to the stock and resumed coverage with a $117.