The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Nerdwallet Inc shares valued at $4,676,824 were purchased by Topline Capital Management, LL on Oct 22 ’24. At $11.35 per share, Topline Capital Management, LL acquired 412,055 shares. The insider’s holdings grew to 5,251,145 shares worth approximately $84.02 million following the completion of this transaction.
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Also, Topline Capital Management, LL purchased 49,722 shares, netting a total of over 599,150 in proceeds. Following the buying of shares at $12.05 each, the insider now holds 4,839,090 shares.
Before that, Topline Capital Partners, LP had added 412,055 shares to its account. In a trade valued at $4,676,824, the 10% Owner bought Nerdwallet Inc shares for $11.35 each. Upon closing the transaction, the insider’s holdings increased to 412,055 shares, worth approximately $84.02 million.
As published in a research note from Citigroup on May 03, 2023, Nerdwallet Inc [NRDS] has been rated down from a Buy to a Neutral and the price target has been revised to $14 from $15. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of November 29, 2021, Truist has initiated its “Buy” rating for NRDS. Earlier on November 29, 2021, Oppenheimer initiated its rating. Their recommendation was “an Outperform” for NRDS stock.
Analyzing NRDS Stock Performance
During the last five days, there has been a surge of approximately 6.24%. Over the course of the year, Nerdwallet Inc shares have jumped approximately 8.70%. Shares of the company reached a 52-week high of $17.30 on 02/27/24 and a 52-week low of $10.10 on 08/05/24. A 50-day SMA is recorded $12.68, while a 200-day SMA reached $13.90. Nevertheless, trading volume fell to 1.24 million shares from 0.83 million shares the previous day.
Support And Resistance Levels for Nerdwallet Inc (NRDS)
According to the 24-hour chart, there is a support level at 15.67, which, if violated, would cause prices to drop to 15.34. In the upper region, resistance lies at 16.39. The next price resistance is at 16.78. RSI (Relative Strength Index) is 72.35 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.53, which suggests the price will increase in the coming days. Percent R is at 7.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
