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Keeping an Eye on Freshpet Inc (FRPT) After Insider Trading Activity

Freshpet Inc’s recent filing unveils that its President and COO Morris Scott James unloaded Company’s shares for reported $0.4 million on Mar 15 ’24. In the deal valued at $109.86 per share,3,632 shares were sold. As a result of this transaction, Morris Scott James now holds 122,380 shares worth roughly $12.98 million.

Then, Morris Scott James sold 2,500 shares, generating $280,048 in total proceeds. Upon selling the shares at $112.02, the President and COO now owns 122,380 shares.

Before that, Morris Scott James sold 2,500 shares. Freshpet Inc shares valued at $284,395 were divested by the President and COO at a price of $113.76 per share. As a result of the transaction, Morris Scott James now holds 122,380 shares, worth roughly $12.98 million.

Truist upgraded its Freshpet Inc [FRPT] rating to a Buy from a a Hold in a research note published on March 11, 2024; the price target was increased to $135 from $120. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early February with a ‘”a Neutral”‘ rating. Jefferies began covering FRPT with “Hold” recommendation on December 19, 2023. Wells Fargo started covering the stock on December 12, 2023. It rated FRPT as “an Overweight”.

Price Performance Review of FRPT

On Tuesday, Freshpet Inc [NASDAQ:FRPT] saw its stock fall -1.56% to $106.07. Over the last five days, the stock has gained 0.79%. Freshpet Inc shares have risen nearly 22.26% since the year began. Nevertheless, the stocks have risen 53.79% over the past one year. While a 52-week high of $117.76 was reached on 04/08/24, a 52-week low of $54.60 was recorded on 01/04/24. SMA at 50 days reached $108.58, while 200 days put it at $82.67. A total of 0.37 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For FRPT Stock

The 24-hour chart illustrates a support level at 105.24, which if violated will result in even more drops to 104.41. On the upside, there is a resistance level at 107.25. A further resistance level may holdings at 108.42. The Relative Strength Index (RSI) on the 14-day chart is 44.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.59, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.40%. Stochastics %K at 30.95% indicates the stock is a holding.

The most recent change occurred on December 08, 2023 when DA Davidson began covering the stock and recommended ‘”a Buy”‘ rating along with a $104 price target.

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