Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hamilton Lane Inc shares valued at $2,964,834 were purchased by STEPHEN R BRENNAN on Nov 27 ’24. At $197.66 per share, STEPHEN R BRENNAN acquired 15,000 shares.
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Also, Delgado-Moreira Juan purchased 525 shares, netting a total of over 105,950 in proceeds. Following the buying of shares at $201.81 each, the insider now holds 21,975 shares.
Before that, Oakville Number 2 Trust had sold 55,000 shares from its account. In a trade valued at $5,940,000, the 10% Owner traded Hamilton Lane Inc shares for $108.00 each. Upon closing the transaction, the insider’s holdings decreased to 55,000 shares, worth approximately $92.17 million.
As published in their initiating research note from Wells Fargo on September 12, 2024, Hamilton Lane Inc [HLNE] has been an Equal weight and the price target has been revised to $156. Analysts at JP Morgan downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in mid April. As of January 11, 2024, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for HLNE. Earlier on May 26, 2023, Oppenheimer upgraded its rating. Their new recommendation was “an Outperform” for HLNE stock which previously was a “a Perform”.
Analyzing HLNE Stock Performance
During the last five days, there has been a drop of approximately -1.26%. Over the course of the year, Hamilton Lane Inc shares have jumped approximately 69.27%. Shares of the company reached a 52-week high of $203.72 on 11/12/24 and a 52-week low of $103.42 on 03/08/24. A 50-day SMA is recorded $180.84, while a 200-day SMA reached $139.06. Nevertheless, trading volume fell to 0.41 million shares from 0.27 million shares the previous day.
Support And Resistance Levels for Hamilton Lane Inc (HLNE)
According to the 24-hour chart, there is a support level at 188.95, which, if violated, would cause prices to drop to 185.88. In the upper region, resistance lies at 197.94. The next price resistance is at 203.86. RSI (Relative Strength Index) is 53.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.98, which suggests the price will increase in the coming days. Percent R is at 75.88%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
