Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cepton Inc. shares valued at $270,000 were sold by Pei Jun on Mar 16. At $0.54 per share, Pei Jun sold 500,000 shares. The insider’s holdings dropped to 27,454,268 shares worth approximately $10.71 million following the completion of this transaction.
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Also, McCord Mark sold 10,000 shares, netting a total of over 10,100 in proceeds. Following the sale of shares at $1.01 each, the insider now holds 10,389,248 shares.
Before that, McCord Mark had sold 10,000 shares from its account. In a trade valued at $11,700, the Chief Technology Officer traded Cepton Inc. shares for $1.17 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $4.06 million.
Analyzing CPTN Stock Performance
On Thursday, Cepton Inc. [NASDAQ: CPTN] rose 2.66% to $0.39. The stock’s lowest price that day was $0.3707, but it reached a high of $0.44 in the same session. During the last five days, there has been a surge of approximately 1.97%. Over the course of the year, Cepton Inc. shares have dropped approximately -68.95%. Shares of the company reached a 52-week high of $1.4400 on 02/06/23 and a 52-week low of $0.3197 on 04/27/23. A 50-day SMA is recorded $0.4185, while a 200-day SMA reached $1.2471. Nevertheless, trading volume fell to 1.66 million shares from 0.44 million shares the previous day.
Support And Resistance Levels for Cepton Inc. (CPTN)
According to the 24-hour chart, there is a support level at 0.3633, which, if violated, would cause prices to drop to 0.3324. In the upper region, resistance lies at 0.4326. The next price resistance is at 0.4710. RSI (Relative Strength Index) is 47.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0045, which suggests the price will decrease in the coming days. Percent R is at 50.78%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Cepton Inc. subject to short interest?
Stocks of Cepton Inc. saw a sharp steep in short interest on May 14, 2023 dropping by 50000.0 shares to 2.42 million. Data from Yahoo Finance shows that the short interest on Apr 13, 2023 was 2.47 million shares. A decline of -2.07% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 4.13 of the overall float, the days-to-cover ratio (short ratio) decline to 4.13.
Which companies own the most shares of Cepton Inc. (CPTN)?
According to BlackRock Fund Advisors filings, the company currently owns 2,669,488 shares, which is about 1.70% of the total CPTN shares outstanding. The investor’s shares have appreciated by 477,244 from its previous 13-F filing of 2192244.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $798,529. Point72 Asset Management LP reduced a -22.99% interest valued at $0.52 million while SSgA Funds Management, Inc. purchased a 4,300 stake. A total of 12,045 shares of Cepton Inc. were bought by Geode Capital Management LLC during the quarter, and 675,000 by Westerly Capital Management LLC. In its current portfolio, Northern Trust Investments, Inc. holds 295,794 shares valued at $0.11 million.
In terms of Cepton Inc. share price expectations, FactSet research, analysts set an average price target of $2.35 in the next 12 months, up nearly 426.32% from the previous closing price of $0.38. Analysts anticipate Cepton Inc. stock to reach $4.00 by 2023, with the lowest price target being $1.40.