Recent Insider Activity Could Benefit Freshpet Inc. (FRPT)


In a filing, Freshpet Inc. revealed its Director GEORGE WALTER N. acquired Company’s shares for reported $73525.0 on Aug 24. In the deal valued at $73.53 per share,1,000 shares were bought. As a result of this transaction, GEORGE WALTER N. now holds 47,176 shares worth roughly $ 3.43 million.

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Then, Walsh Cathal sold 6,277 shares, generating $440,018 in total proceeds. Upon selling the shares at $70.10, the SVP – Managing Director Europe now owns 5,234 shares.

TD Cowen initiated its Freshpet Inc. [FRPT] rating to an Outperform in a research note published on Monday, September 13, 2023; the price target was $90. PT values the company’s stock at a premium of 19.2 to its Monday closing price.

Price Performance Review of FRPT

On Monday, Freshpet Inc. [NASDAQ:FRPT] saw its stock jump 0.66% to $72.72. On the same session, the stock had its day’s lowest price of $71.67, but rose to a high of $73.295. Over the last five days, the stock has gained 0.50%. Freshpet Inc. shares have risen nearly 37.81% since the year began. Nevertheless, the stocks have risen 74.72% over the past one year. While a 52-week high of $84.70 was reached on 08/07/23, a 52-week low of $37.92 was recorded on 03/15/23. SMA at 50 days reached $73.20, while 200 days put it at $65.15. A total of 0.48 million shares were traded, compared to the trading of 0.35 million shares in the previous session.

Levels Of Support And Resistance For FRPT Stock

The 24-hour chart illustrates a support level at 71.83, which if violated will result in even more drops to 70.94. On the upside, there is a resistance level at 73.45. A further resistance level may holdings at 74.19. The Relative Strength Index (RSI) on the 14-day chart is 44.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.23%. Stochastics %K at 22.64% indicates the stock is a holding.

How much short interest is there in Freshpet Inc.?

A steep rise in short interest was recorded in Freshpet Inc. stocks on Aug 30, 2023, dropping by -0.26 million shares to a total of 7.05 million shares. Yahoo Finance data shows the prior-month short interest on Jul 30, 2023 was 7.31 million shares. There was a decline of -3.69%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 14.75% of the overall stock float, the days-to-cover ratio (short ratio) fell to 9.98.

Freshpet Inc. [FRPT] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 4,558,180 shares, or roughly 9.46% of the outstanding FRPT shares. In other words, the investor’s shares have risen by 176,145 from its previous 13-F filing of 4382035.0. Additionally, Champlain Investment Partners LLC decreased -0.13% of its stake after which the total value it holdings stand at $282,289,227, while Wellington Management Co. LLP reduced -0.73% of its stake to hold $256.04 million in the firm. Over the last quarter, JANA Partners LLC sold -1,181,110 shares of Freshpet Inc., while Wasatch Advisors, Inc. sold -181,251 shares. At present, William Blair Investment Manageme is holding 2,657,349 shares valued at $200.66 million. AllianceBernstein LP owned 2,545,493 shares of the company at the time of its most recent 13F filing, worth $192.21 million.

According to FactSet, Freshpet Inc.’s share price will average $90.92 in the next year, based on opinions of analysts polled by the firm. This is up nearly 24.58 percent from its previous closing price of $72.24. Analysts expect Freshpet Inc. stock to reach the higher price of $100.00, while the lowest price estimate is $80.00. However, 14 analysts have rated FRPT stock as an Overweight in their predictions for 2023.


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