In a filing, Hamilton Lane Inc revealed its Officer STEPHEN R BRENNAN acquired Company’s shares for reported $2.96 million on Nov 27 ’24. In the deal valued at $197.66 per share,15,000 shares were bought.
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Then, Delgado-Moreira Juan bought 525 shares, generating $105,950 in total proceeds. Upon buying the shares at $201.81, the Co-Chief Executive Officer now owns 21,975 shares.
Before that, Oakville Number 2 Trust sold 55,000 shares. Hamilton Lane Inc shares valued at $5,940,000 were divested by the 10% Owner at a price of $108.00 per share. As a result of the transaction, Oakville Number 2 Trust now holds 480,015 shares, worth roughly $72.33 million.
Wells Fargo initiated its Hamilton Lane Inc [HLNE] rating to an Equal weight in a research note published on September 12, 2024; the price target was $156. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid April from “an Overweight” to “a Neutral”. Oppenheimer also remained covering HLNE and has decreased its forecast on January 11, 2024 with a “Perform” recommendation from previously “an Outperform” rating. Oppenheimer revised its rating on May 26, 2023. It rated HLNE as “an Outperform” which previously was an “a Perform”.
Price Performance Review of HLNE
On Friday, Hamilton Lane Inc [NASDAQ:HLNE] saw its stock fall -0.48% to $150.68. Over the last five days, the stock has lost -10.97%. Hamilton Lane Inc shares have risen nearly 32.83% since the year began. Nevertheless, the stocks have risen 37.61% over the past one year. While a 52-week high of $203.72 was reached on 11/12/24, a 52-week low of $103.42 was recorded on 03/08/24. SMA at 50 days reached $182.59, while 200 days put it at $143.78.
Levels Of Support And Resistance For HLNE Stock
The 24-hour chart illustrates a support level at 148.24, which if violated will result in even more drops to 145.79. On the upside, there is a resistance level at 153.53. A further resistance level may holdings at 156.38. The Relative Strength Index (RSI) on the 14-day chart is 17.13, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -19.97, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.79%. Stochastics %K at 2.53% indicates the stock is a buying.
How much short interest is there in Hamilton Lane Inc?
A steep rise in short interest was recorded in Hamilton Lane Inc stocks on 2024-11-29, dropping by -0.2 million shares to a total of 1.01 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.21 million shares. There was a decline of -19.86%, which implies that there is a negative sentiment for the stock.
