BRP Group Inc’s recent filing unveils that its General Counsel Cohen Seth Bala unloaded Company’s shares for reported $29998.0 on Mar 15 ’24. In the deal valued at $29.04 per share,1,033 shares were sold. As a result of this transaction, Cohen Seth Bala now holds 10,657 shares worth roughly $0.3 million.
Then, Baldwin Lowry sold 37,371 shares, generating $1,080,713 in total proceeds. Upon selling the shares at $28.92, the Director now owns 0 shares.
Before that, Baldwin Lowry sold 62,629 shares. BRP Group Inc shares valued at $1,812,483 were divested by the Director at a price of $28.94 per share. As a result of the transaction, Baldwin Lowry now holds 37,371 shares, worth roughly $1.05 million.
JP Morgan upgraded its BRP Group Inc [BRP] rating to an Overweight from a a Neutral in a research note published on April 08, 2024; the price target was increased to $33 from $27. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid December from “an Outperform” to “a Strong buy”. Wells Fargo also remained covering BRP and has decreased its forecast on November 08, 2023 with a “an Equal weight” recommendation from previously “an Overweight” rating. William Blair revised its rating on March 03, 2023. It rated BRP as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of BRP
On Tuesday, BRP Group Inc [NASDAQ:BRP] saw its stock jump 2.15% to $28.00. Over the last five days, the stock has gained 2.87%. BRP Group Inc shares have risen nearly 16.57% since the year began. Nevertheless, the stocks have risen 11.51% over the past one year. While a 52-week high of $30.84 was reached on 03/13/24, a 52-week low of $17.33 was recorded on 02/06/24. SMA at 50 days reached $28.06, while 200 days put it at $24.49. A total of 0.33 million shares were traded, compared to the trading of 0.16 million shares in the previous session.
Levels Of Support And Resistance For BRP Stock
The 24-hour chart illustrates a support level at 27.65, which if violated will result in even more drops to 27.29. On the upside, there is a resistance level at 28.22. A further resistance level may holdings at 28.43. The Relative Strength Index (RSI) on the 14-day chart is 51.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.64%. Stochastics %K at 43.18% indicates the stock is a holding.
