The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Victory Capital Holdings Inc. shares valued at $414,125 were sold by Cliff Kelly Stevenson on Feb 23. At $33.13 per share, Cliff Kelly Stevenson sold 12,500 shares. The insider’s holdings dropped to 431,422 shares worth approximately $14.03 million following the completion of this transaction.
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Also, Brown David Craig purchased 20,000 shares, netting a total of over 538,000 in proceeds. Following the buying of shares at $26.90 each, the insider now holds 2,228,137 shares.
Before that, Brown David Craig had added 40,000 shares to its account. In a trade valued at $1,080,400, the Chairman and CEO bought Victory Capital Holdings Inc. shares for $27.01 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $71.79 million.
As published in a research note from Piper Sandler on November 23, 2022, Victory Capital Holdings Inc. [VCTR] has been rated down from an Overweight to an Underweight and the price target has been revised to $29 from $34. This represents a -12.1% premium over Thursday’s closing price. As of June 29, 2022, Keefe Bruyette has decreased its “an Outperform” rating to a “Mkt perform” for VCTR.
Analyzing VCTR Stock Performance
On Thursday, Victory Capital Holdings Inc. [NASDAQ: VCTR] plunged -3.04% to $32.51. The stock’s lowest price that day was $31.91, but it reached a high of $33.07 in the same session. During the last five days, there has been a drop of approximately -2.37%. Over the course of the year, Victory Capital Holdings Inc. shares have jumped approximately 21.17%. Shares of the company reached a 52-week high of $34.01 on 02/28/23 and a 52-week low of $26.80 on 01/03/23. A 50-day SMA is recorded $29.89, while a 200-day SMA reached $27.84. Nevertheless, trading volume fell to 0.59 million shares from 0.48 million shares the previous day.
Support And Resistance Levels for Victory Capital Holdings Inc. (VCTR)
According to the 24-hour chart, there is a support level at 33.24, which, if violated, would cause prices to drop to 32.96. In the upper region, resistance lies at 33.90. The next price resistance is at 34.28. RSI (Relative Strength Index) is 55.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.56, which suggests the price will decrease in the coming days. Percent R is at 33.11%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
Is Victory Capital Holdings Inc. subject to short interest?
Stocks of Victory Capital Holdings Inc. saw a sharp steep in short interest on Jan 30, 2023 dropping by 90000.0 shares to 1.23 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2022 was 1.32 million shares. A decline of -7.32% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 5.75 of the overall float, the days-to-cover ratio (short ratio) decline to 5.75.
Which companies own the most shares of Victory Capital Holdings Inc. (VCTR)?
According to The Vanguard Group, Inc. filings, the company currently owns 1,814,661 shares, which is about 2.65% of the total VCTR shares outstanding. The investor’s shares have appreciated by 80,810 from its previous 13-F filing of 1733851.0 shares. With the completion of the buy transaction, Van Berkom & Associates, Inc.’s stake is now worth $43,231,481. TimesSquare Capital Management LL reduced a -8.15% interest valued at $42.9 million while State Teachers Retirement System purchased a 236,593 stake. A total of 62,891 shares of Victory Capital Holdings Inc. were bought by BlackRock Fund Advisors during the quarter, and 0 by Capital Research & Management Co. In its current portfolio, Granahan Investment Management, L holds 1,101,432 shares valued at $32.65 million.
In terms of Victory Capital Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $33.10 in the next 12 months, up nearly 2.89% from the previous closing price of $33.53. Analysts anticipate Victory Capital Holdings Inc. stock to reach $40.00 by 2023, with the lowest price target being $22.00. In spite of this, 11 analysts ranked Victory Capital Holdings Inc. stock as an Overweight at the end of 2023. On April 26, 2022, UBS assigned a price target of “a Neutral” to the stock and initiated coverage with a $30.