Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Kodiak Gas Services Inc shares valued at $177,112,158 were sold by Frontier TopCo Partnership, L. on Jan 30 ’25. At $47.50 per share, Frontier TopCo Partnership, L. sold 3,728,677 shares. The insider’s holdings dropped to 34,771,323 shares worth approximately $1.41 billion following the completion of this transaction.
Also, Frontier Topco Partnership, L. purchased 3,728,677 shares, netting a total of over 177,112,158 in proceeds.
Before that, Frontier TopCo Partnership, L. had sold 5,500,000 shares from its account. In a trade valued at $231,473,000, the 10% Owner traded Kodiak Gas Services Inc shares for $42.09 each. Upon closing the transaction, the insider’s holdings decreased to 5,500,000 shares, worth approximately $1.56 billion.
As published in their initiating research note from Mizuho on October 02, 2024, Kodiak Gas Services Inc [KGS] has been an Outperform and the price target has been revised to $36. Analysts at Citigroup started covering the stock with ‘”a Buy”‘ outlook in a report released in late September. As of September 19, 2024, Redburn Atlantic has initiated its “Buy” rating for KGS.
Analyzing KGS Stock Performance
During the last five days, there has been a drop of approximately -5.67%. Over the course of the year, Kodiak Gas Services Inc shares have dropped approximately -0.66%. Shares of the company reached a 52-week high of $50.43 on 01/30/25 and a 52-week low of $38.69 on 03/04/25. A 50-day SMA is recorded $44.29, while a 200-day SMA reached $33.85.
Support And Resistance Levels for Kodiak Gas Services Inc (KGS)
According to the 24-hour chart, there is a support level at 39.52, which, if violated, would cause prices to drop to 38.47. In the upper region, resistance lies at 41.08. The next price resistance is at 41.60. RSI (Relative Strength Index) is 38.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.78, which suggests the price will decrease in the coming days. Percent R is at 77.63%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
