OmniAb Inc.’s recently made public that its President and CEO FOEHR MATTHEW W acquired Company’s shares for reported $0.25 million on Aug 14. In the deal valued at $5.48 per share,45,000 shares were bought. As a result of this transaction, FOEHR MATTHEW W now holds 2,332,919 shares worth roughly $ 13.6 million.
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Then, FOEHR MATTHEW W bought 115,000 shares, generating $519,800 in total proceeds. Upon buying the shares at $4.52, the Chief Executive Officer now owns 2,574,009 shares.
Before that, HIGGINS JOHN L sold 9,000 shares. OmniAb Inc. shares valued at $36,450 were divested by the Director at a price of $4.05 per share. As a result of the transaction, HIGGINS JOHN L now holds 2,462,686 shares, worth roughly $14.36 million.
The Benchmark Company initiated its OmniAb Inc. [OABI] rating to a Buy in a research note published on Friday, April 21, 2023; the price target was $8. PT values the company’s stock at a premium of 27.12 to its Friday closing price.
Price Performance Review of OABI
On Friday, OmniAb Inc. [NASDAQ:OABI] saw its stock jump 0.52% to $5.83. On the same session, the stock had its day’s lowest price of $5.82, but rose to a high of $5.8906. Over the last five days, the stock has gained 3.19%. OmniAb Inc. shares have risen nearly 61.94% since the year began. Nevertheless, the stocks have fallen -42.50% over the past one year. While a 52-week high of $10.50 was reached on 08/16/23, a 52-week low of $1.91 was recorded on 01/06/23. SMA at 50 days reached $5.32, while 200 days put it at $4.15. A total of 0.27 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For OABI Stock
The 24-hour chart illustrates a support level at 5.80, which if violated will result in even more drops to 5.78. On the upside, there is a resistance level at 5.87. A further resistance level may holdings at 5.92. The Relative Strength Index (RSI) on the 14-day chart is 58.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.83%. Stochastics %K at 77.85% indicates the stock is a holding.
How much short interest is there in OmniAb Inc.?
A steep rise in short interest was recorded in OmniAb Inc. stocks on Aug 14, 2023, dropping by 50000.0 shares to a total of 4.24 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 4.29 million shares. There was a decline of -1.18%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.96% of the overall stock float, the days-to-cover ratio (short ratio) fell to 7.82.
OmniAb Inc. [OABI] – Who Are The Largest Shareholders?
In filings from Janus Henderson Investors US LLC, it is revealed that the company now owns 7,656,635 shares, or roughly 6.62% of the outstanding OABI shares. In other words, the investor’s shares have risen by 1,073,985 from its previous 13-F filing of 6582650.0. Additionally, BlackRock Fund Advisors increased 18.26% of its stake after which the total value it holdings stand at $33,492,591, while The Vanguard Group, Inc. added 0.81% of its stake to hold $30.53 million in the firm. Over the last quarter, Millennium Management LLC sold -1,133,499 shares of OmniAb Inc., while Macquarie Investment Management B sold 168,664 shares. At present, Private Management Group, Inc. is holding 3,669,435 shares valued at $20.18 million. Chicago Capital LLC owned 3,172,705 shares of the company at the time of its most recent 13F filing, worth $17.45 million.
According to FactSet, OmniAb Inc.’s share price will average $10.00 in the next year, based on opinions of analysts polled by the firm. This is up nearly 72.41 percent from its previous closing price of $5.80. Analysts expect OmniAb Inc. stock to reach the higher price of $11.00, while the lowest price estimate is $8.00. However, 7 analysts have rated OABI stock as a Buy in their predictions for 2023.