KD Logo

ELF (e.l.f. Beauty Inc) may reap gains as insiders became active recently

e.l.f. Beauty Inc’s filing revealed that its Chief Executive Officer AMIN TARANG unloaded Company’s shares for reported $2.27 million on Sep 05 ’24. In the deal valued at $136.18 per share,16,688 shares were sold. As a result of this transaction, AMIN TARANG now holds 106,016 shares worth roughly $11.97 million.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free
Sponsored

Then, AMIN TARANG sold 6,840 shares, generating $931,234 in total proceeds. Upon selling the shares at $136.15, the Chief Executive Officer now owns 211,087 shares.

Before that, TP AMIN IRREVOCABLE TRUST U/T/ bought 3,420 shares. e.l.f. Beauty Inc shares valued at $469,634 were divested by the Director at a price of $137.32 per share.

B. Riley Securities initiated its e.l.f. Beauty Inc [ELF] rating to a Buy in a research note published on September 10, 2024; the price target was $175. A number of analysts have revised their coverage, including BofA Securities’s analysts, who remained covering the stock and in early September has reiterated a ‘”a Buy”‘ rating for it. Robert W. Baird also remained covering ELF and has increased its forecast on July 18, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. Canaccord Genuity maintained its rating on June 18, 2024. It rated ELF as “a Buy”.

Price Performance Review of ELF

On Friday, e.l.f. Beauty Inc [NYSE:ELF] saw its stock fall -1.47% to $112.91. Over the last five days, the stock has lost -3.19%. e.l.f. Beauty Inc shares have fallen nearly -21.77% since the year began. Nevertheless, the stocks have risen 6.87% over the past one year. While a 52-week high of $221.83 was reached on 03/04/24, a 52-week low of $88.47 was recorded on 09/11/24. SMA at 50 days reached $154.92, while 200 days put it at $169.56.

Levels Of Support And Resistance For ELF Stock

The 24-hour chart illustrates a support level at 110.74, which if violated will result in even more drops to 108.57. On the upside, there is a resistance level at 115.64. A further resistance level may holdings at 118.38. The Relative Strength Index (RSI) on the 14-day chart is 29.60, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.07%. Stochastics %K at 13.37% indicates the stock is a buying.

How much short interest is there in e.l.f. Beauty Inc?

A steep rise in short interest was recorded in e.l.f. Beauty Inc stocks on 2024-08-30, growing by 1.53 million shares to a total of 3.89 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.36 million shares. There was a rise of 39.35%, which implies that there is a positive sentiment for the stock.

Most Popular