Rover Group Inc. [ROVR] CHIEF EXECUTIVE OFFICER makes an insider sale of 30,117 shares worth $0.14 million.


Rover Group Inc.’s recent filing unveils that its CHIEF EXECUTIVE OFFICER EASTERLY AARON unloaded Company’s shares for reported $0.14 million on Dec 09. In the deal valued at $4.50 per share,30,117 shares were sold. As a result of this transaction, EASTERLY AARON now holds 3,297,247 shares worth roughly $ 13.39 million.

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Then, TURNER BRENTON R. sold 19,421 shares, generating $87,394 in total proceeds. Upon selling the shares at $4.50, the President & COO now owns 1,080,391 shares.

Before that, Wickers Charles sold 10,893 shares. Rover Group Inc. shares valued at $49,018 were divested by the Chief Financial Officer at a price of $4.50 per share. As a result of the transaction, Wickers Charles now holds 40,108 shares, worth roughly $0.16 million.

Gordon Haskett downgraded its Rover Group Inc. [ROVR] rating to a Hold from a a Buy in a research note published on Tuesday, August 09, 2022; the price target was decreased to $3.50 from $5.50. PT values the company’s stock at a premium of -16.0 to its Tuesday closing price. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid July with a ‘”a Neutral”‘ rating. JP Morgan began covering ROVR with “Neutral” recommendation on July 07, 2022.

Price Performance Review of ROVR

On Tuesday, Rover Group Inc. [NASDAQ:ROVR] saw its stock fall -3.56% to $4.06. On the same session, the stock had its day’s lowest price of $3.965, but rose to a high of $4.25. Over the last five days, the stock has lost -2.87%. Rover Group Inc. shares have risen nearly 10.63% since the year began. Nevertheless, the stocks have fallen -20.55% over the past one year. While a 52-week high of $6.52 was reached on 02/02/23, a 52-week low of $3.14 was recorded on 01/19/23. SMA at 50 days reached $3.92, while 200 days put it at $4.16. A total of 0.49 million shares were traded, compared to the trading of 0.43 million shares in the previous session.

Levels Of Support And Resistance For ROVR Stock

The 24-hour chart illustrates a support level at 3.93, which if violated will result in even more drops to 3.81. On the upside, there is a resistance level at 4.22. A further resistance level may holdings at 4.38. The Relative Strength Index (RSI) on the 14-day chart is 50.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.53%. Stochastics %K at 57.53% indicates the stock is a holding.

How much short interest is there in Rover Group Inc.?

A steep rise in short interest was recorded in Rover Group Inc. stocks on Jan 12, 2023, dropping by -0.23 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 4.76 million shares. There was a decline of -5.08%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.49% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.64.

Rover Group Inc. [ROVR] – Who Are The Largest Shareholders?

In filings from Parsifal Capital Management LP, it is revealed that the company now owns 8,338,063 shares, or roughly 4.54% of the outstanding ROVR shares. In other words, the investor’s shares have fallen by -127,071 from its previous 13-F filing of 8465134.0. Additionally, Broad Bay Capital Management LP decreased -9.29% of its stake after which the total value it holdings stand at $29,550,250, while OMERS Administration Corp. reduced -4.79% of its stake to hold $23.15 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 455,277 shares of Rover Group Inc., while The Vanguard Group, Inc. bought 82,560 shares. At present, Fidelity Management & Research Co is holding 4,697,111 shares valued at $19.21 million. Ararat Capital Management LP owned 3,420,135 shares of the company at the time of its most recent 13F filing, worth $13.99 million.


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