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. AvidXchange Holdings Inc shares valued at $760,626 were sold by Praeger Michael on Mar 17 ’25. At $8.25 per share, Praeger Michael sold 92,215 shares. The insider’s holdings dropped to 11,045,186 shares worth approximately $94.44 million following the completion of this transaction.
Also, Praeger Michael sold 27,336 shares, netting a total of over 219,478 in proceeds. Following the sale of shares at $8.03 each, the insider now holds 11,137,401 shares.
Before that, Michael Praeger had added 119,551 shares to its account. In a trade valued at $946,844, the Officer bought AvidXchange Holdings Inc shares for $7.92 each.
As published in a research note from Barclays on March 04, 2025, AvidXchange Holdings Inc [AVDX] has been rated down from an Overweight to an Equal weight and the price target has been revised to $8 from $13. Analysts at KeyBanc Capital Markets downgraded the stock from ‘”an Overweight”‘ to ‘”a Sector weight”‘ outlook in a report released in late February. Earlier on November 07, 2024, Compass Point upgraded its rating. Their new recommendation was “a Buy” for AVDX stock which previously was a “a Neutral”.
Analyzing AVDX Stock Performance
During the last five days, there has been a surge of approximately 1.06%. Over the course of the year, AvidXchange Holdings Inc shares have dropped approximately -17.31%. Shares of the company reached a 52-week high of $10.93 on 01/30/25 and a 52-week low of $6.61 on 03/13/25. A 50-day SMA is recorded $9.14, while a 200-day SMA reached $9.61.
Support And Resistance Levels for AvidXchange Holdings Inc (AVDX)
According to the 24-hour chart, there is a support level at 8.48, which, if violated, would cause prices to drop to 8.41. In the upper region, resistance lies at 8.66. The next price resistance is at 8.77. RSI (Relative Strength Index) is 52.75 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.52, which suggests the price will decrease in the coming days. Percent R is at 10.57%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
