Monitoring Humacyte Inc. (HUMA) after recent insider movements


Humacyte Inc.’s recent filing unveils that its 10% Owner Ayabudge LLC unloaded Company’s shares for reported $2.04 million on Aug 21. In the deal valued at $3.39 per share,602,443 shares were sold. As a result of this transaction, Ayabudge LLC now holds 8,191,140 shares worth roughly $ 33.09 million.

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Then, Dougan Brady W sold 602,443 shares, generating $2,042,282 in total proceeds. Upon selling the shares at $3.39, the Director now owns 8,191,140 shares.

Before that, Niklason Laura E sold 602,443 shares. Humacyte Inc. shares valued at $2,042,282 were divested by the President, CEO and Director at a price of $3.39 per share. As a result of the transaction, Niklason Laura E now holds 8,191,140 shares, worth roughly $33.09 million.

Piper Sandler upgraded its Humacyte Inc. [HUMA] rating to a Neutral from a an Underweight in a research note published on Friday, August 14, 2023; the price target was increased to $3.50 from $2.75. PT values the company’s stock at a premium of -15.43 to its Friday closing price.

Price Performance Review of HUMA

On Friday, Humacyte Inc. [NASDAQ:HUMA] saw its stock jump 5.48% to $4.04. On the same session, the stock had its day’s lowest price of $3.85, but rose to a high of $4.12. Over the last five days, the stock has gained 13.17%. Humacyte Inc. shares have risen nearly 91.47% since the year began. Nevertheless, the stocks have risen 10.68% over the past one year. While a 52-week high of $5.60 was reached on 05/08/23, a 52-week low of $1.96 was recorded on 01/03/23. SMA at 50 days reached $3.26, while 200 days put it at $3.17. A total of 0.5 million shares were traded, compared to the trading of 0.57 million shares in the previous session.

Levels Of Support And Resistance For HUMA Stock

The 24-hour chart illustrates a support level at 3.89, which if violated will result in even more drops to 3.73. On the upside, there is a resistance level at 4.16. A further resistance level may holdings at 4.27. The Relative Strength Index (RSI) on the 14-day chart is 58.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.05%. Stochastics %K at 48.20% indicates the stock is a holding.

How much short interest is there in Humacyte Inc.?

A steep rise in short interest was recorded in Humacyte Inc. stocks on Aug 14, 2023, growing by 0.19 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 3.0 million shares. There was a rise of 5.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 5.07% of the overall stock float, the days-to-cover ratio (short ratio) rose to 6.48.

Humacyte Inc. [HUMA] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 3,949,477 shares, or roughly 3.82% of the outstanding HUMA shares. In other words, the investor’s shares have risen by 475,313 from its previous 13-F filing of 3474164.0. Additionally, The Vanguard Group, Inc. increased 0.07% of its stake after which the total value it holdings stand at $9,367,293, while Geode Capital Management LLC added 4.56% of its stake to hold $3.61 million in the firm. Over the last quarter, SSgA Funds Management, Inc. purchased 378,485 shares of Humacyte Inc., while Prescott General Partners LLC bought 0 shares. At present, Northern Trust Investments, Inc. is holding 500,008 shares valued at $1.64 million. Davidson Kempner Capital Manageme owned 450,000 shares of the company at the time of its most recent 13F filing, worth $1.48 million.

According to FactSet, Humacyte Inc.’s share price will average $7.25 in the next year, based on opinions of analysts polled by the firm. This is up nearly 43.6 percent from its previous closing price of $3.83. Analysts expect Humacyte Inc. stock to reach the higher price of $16.00, while the lowest price estimate is $3.50. However, 6 analysts have rated HUMA stock as a Buy in their predictions for 2023.


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