Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. e.l.f. Beauty Inc shares valued at $120,071 were sold by Franks Joshua Allen on Apr 15 ’24. At $165.16 per share, Franks Joshua Allen sold 727 shares. The insider’s holdings dropped to 83,736 shares worth approximately $13.92 million following the completion of this transaction.
Also, Franks Joshua Allen sold 6,540 shares, netting a total of over 1,349,327 in proceeds. Following the sale of shares at $206.32 each, the insider now holds 84,463 shares.
Before that, AMIN TARANG had sold 23,519 shares from its account. In a trade valued at $4,677,740, the Chief Executive Officer traded e.l.f. Beauty Inc shares for $198.89 each. Upon closing the transaction, the insider’s holdings decreased to 23,519 shares, worth approximately $1.81 million.
As published in a research note from TD Cowen on April 17, 2024, e.l.f. Beauty Inc [ELF] has been rated up from a Hold to a Buy and the price target has been revised to $190 from $220. Analysts at Robert W. Baird started covering the stock with ‘”a Neutral”‘ outlook in a report released in late January. As of January 22, 2024, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for ELF. Earlier on October 23, 2023, Raymond James upgraded its rating. Their new recommendation was “a Strong buy” for ELF stock which previously was a “an Outperform”.
Analyzing ELF Stock Performance
During the last five days, there has been a drop of approximately -0.55%. Over the course of the year, e.l.f. Beauty Inc shares have jumped approximately 15.19%. Shares of the company reached a 52-week high of $221.83 on 03/04/24 and a 52-week low of $131.50 on 01/02/24. A 50-day SMA is recorded $186.07, while a 200-day SMA reached $139.75. Nevertheless, trading volume fell to 1.73 million shares from 1.15 million shares the previous day.
Support And Resistance Levels for e.l.f. Beauty Inc (ELF)
According to the 24-hour chart, there is a support level at 162.02, which, if violated, would cause prices to drop to 157.79. In the upper region, resistance lies at 172.07. The next price resistance is at 177.89. RSI (Relative Strength Index) is 38.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.61, which suggests the price will decrease in the coming days. Percent R is at 85.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
