Sirius XM Holdings Inc. (SIRI) may enjoy gains as insiders got busy in the recent days


Sirius XM Holdings Inc.’s recently made public that its Director Salen Kristina unloaded Company’s shares for reported $0.29 million on Nov 23. In the deal valued at $6.46 per share,44,670 shares were sold. As a result of this transaction, Salen Kristina now holds 93,969 shares worth roughly $ 0.33 million.

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Then, BARRY THOMAS D sold 33,639 shares, generating $214,785 in total proceeds. Upon selling the shares at $6.38, the Senior VP & Controller now owns 351,369 shares.

Before that, DONNELLY PATRICK L sold 408,274 shares. Sirius XM Holdings Inc. shares valued at $2,755,850 were divested by the EVP, General Counsel & Sec. at a price of $6.75 per share. As a result of the transaction, DONNELLY PATRICK L now holds 791,342 shares, worth roughly $2.78 million.

Rosenblatt downgraded its Sirius XM Holdings Inc. [SIRI] rating to a Neutral from a a Buy in a research note published on Tuesday, February 22, 2023; the price target was decreased to $4.80 from $7.40. PT values the company’s stock at a premium of 26.88 to its Tuesday closing price. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Citigroup also remained covering SIRI and has decreased its forecast on December 01, 2022 with a “Sell” recommendation from previously “Buy” rating. Pivotal Research Group revised its rating on August 01, 2022. It rated SIRI as “a Hold” which previously was an “a Buy”.

Price Performance Review of SIRI

On Tuesday, Sirius XM Holdings Inc. [NASDAQ:SIRI] saw its stock fall -3.31% to $3.51. On the same session, the stock had its day’s lowest price of $3.49, but rose to a high of $3.67. Over the last five days, the stock has lost -13.55%. Sirius XM Holdings Inc. shares have fallen nearly -39.90% since the year began. Nevertheless, the stocks have fallen -43.30% over the past one year. While a 52-week high of $6.85 was reached on 01/17/23, a 52-week low of $3.62 was recorded on 03/14/23. SMA at 50 days reached $5.08, while 200 days put it at $5.92. A total of 17.72 million shares were traded, compared to the trading of 21.71 million shares in the previous session.

Levels Of Support And Resistance For SIRI Stock

The 24-hour chart illustrates a support level at 3.44, which if violated will result in even more drops to 3.38. On the upside, there is a resistance level at 3.62. A further resistance level may holdings at 3.74. The Relative Strength Index (RSI) on the 14-day chart is 11.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.96%. Stochastics %K at 2.13% indicates the stock is a buying.

How much short interest is there in Sirius XM Holdings Inc.?

A steep rise in short interest was recorded in Sirius XM Holdings Inc. stocks on Jan 12, 2023, dropping by -18.78 million shares to a total of 170.2 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 188.98 million shares. There was a decline of -11.03%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 25.78% of the overall stock float, the days-to-cover ratio (short ratio) fell to 13.09.

Sirius XM Holdings Inc. [SIRI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 55,196,210 shares, or roughly 1.42% of the outstanding SIRI shares. In other words, the investor’s shares have risen by 1,491,657 from its previous 13-F filing of 53704553.0. Additionally, BlackRock Fund Advisors decreased -15.45% of its stake after which the total value it holdings stand at $121,201,302, while SSgA Funds Management, Inc. reduced -1.10% of its stake to hold $106.43 million in the firm. Over the last quarter, Geode Capital Management LLC purchased 15,096 shares of Sirius XM Holdings Inc., while BlackRock Investment Management bought -477,805 shares. At present, Goldman Sachs & Co. LLC is holding 11,883,834 shares valued at $52.17 million. Victory Capital Management, Inc. owned 10,457,380 shares of the company at the time of its most recent 13F filing, worth $45.91 million.

According to FactSet, Sirius XM Holdings Inc.’s share price will average $5.52 in the next year, based on opinions of analysts polled by the firm. This is up nearly 48.76 percent from its previous closing price of $3.63. Analysts expect Sirius XM Holdings Inc. stock to reach the higher price of $7.00, while the lowest price estimate is $4.50. However, 16 analysts have rated SIRI stock as a Hold in their predictions for 2023. The most recent change occurred on April 19, 2022 when Rosenblatt began covering the stock and recommended ‘”a Buy”‘ rating along with a $8 price target.


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