AvidXchange Holdings Inc’s recent filing unveils that its insider Wilhite Joel unloaded Company’s shares for reported $0.24 million on Feb 28 ’25. In the deal valued at $7.59 per share,32,203 shares were sold. As a result of this transaction, Wilhite Joel now holds 843 shares worth roughly $6035.88.
Then, Stahl Ryan sold 18,916 shares, generating $143,648 in total proceeds. Upon selling the shares at $7.59, the insider now owns 666,431 shares.
Before that, Praeger Michael sold 58,881 shares. AvidXchange Holdings Inc shares valued at $447,142 were divested by the Chief Executive Officer at a price of $7.59 per share. As a result of the transaction, Praeger Michael now holds 11,164,737 shares, worth roughly $79.94 million.
Barclays downgraded its AvidXchange Holdings Inc [AVDX] rating to an Equal weight from a an Overweight in a research note published on March 04, 2025; the price target was decreased to $8 from $13. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who decreased its forecast for the stock in late February from “an Overweight” to “a Sector weight”. Compass Point revised its rating on November 07, 2024. It rated AVDX as “a Buy” which previously was an “a Neutral”.
Price Performance Review of AVDX
On Tuesday, AvidXchange Holdings Inc [NASDAQ:AVDX] saw its stock fall -3.50% to $7.16. Over the last five days, the stock has lost -21.75%. AvidXchange Holdings Inc shares have fallen nearly -30.75% since the year began. Nevertheless, the stocks have fallen -46.12% over the past one year. While a 52-week high of $13.49 was reached on 01/30/25, a 52-week low of $6.89 was recorded on 02/27/25. SMA at 50 days reached $9.94, while 200 days put it at $9.85.
Levels Of Support And Resistance For AVDX Stock
The 24-hour chart illustrates a support level at 7.05, which if violated will result in even more drops to 6.93. On the upside, there is a resistance level at 7.31. A further resistance level may holdings at 7.45. The Relative Strength Index (RSI) on the 14-day chart is 18.28, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.76%. Stochastics %K at 14.96% indicates the stock is a buying.
The most recent change occurred on September 04, 2024 when Compass Point began covering the stock and recommended ‘”a Neutral”‘ rating along with a $8 price target.
