Root Inc’s recent filing unveils that its Chief Executive Officer Timm Alexander E. unloaded Company’s shares for reported $0.92 million on Apr 02 ’25. In the deal valued at $124.78 per share,7,353 shares were sold. As a result of this transaction, Timm Alexander E. now holds 176,899 shares worth roughly $22.16 million.
Then, Timm Alexander E. sold 1,144 shares, generating $153,307 in total proceeds. Upon selling the shares at $134.01, the Chief Executive Officer now owns 161,625 shares.
Before that, Bonakdarpour Mahtiyar sold 5,515 shares. Root Inc shares valued at $688,162 were divested by the President and CTO at a price of $124.78 per share. As a result of the transaction, Bonakdarpour Mahtiyar now holds 286,901 shares, worth roughly $35.95 million.
JMP Securities downgraded its Root Inc [ROOT] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. Keefe Bruyette also remained covering ROOT and has increased its forecast on February 26, 2024 with a “an Outperform” recommendation from previously “Mkt perform” rating. Cantor Fitzgerald revised its rating on February 22, 2024. It rated ROOT as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of ROOT
On Monday, Root Inc [NASDAQ:ROOT] saw its stock jump 4.41% to $125.29. Over the last five days, the stock has gained 11.11%. Root Inc shares have risen nearly 72.60% since the year began. Nevertheless, the stocks have risen 90.70% over the past one year. While a 52-week high of $181.14 was reached on 03/24/25, a 52-week low of $34.04 was recorded on 01/02/25. SMA at 50 days reached $128.24, while 200 days put it at $79.51.
Levels Of Support And Resistance For ROOT Stock
The 24-hour chart illustrates a support level at 120.03, which if violated will result in even more drops to 114.77. On the upside, there is a resistance level at 131.52. A further resistance level may holdings at 137.75. The Relative Strength Index (RSI) on the 14-day chart is 47.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.60%. Stochastics %K at 26.06% indicates the stock is a holding.
How much short interest is there in Root Inc?
A steep rise in short interest was recorded in Root Inc stocks on 2025-03-31, dropping by -0.15 million shares to a total of 1.26 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.4 million shares. There was a decline of -11.71%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 10, 2024 when TD Cowen began covering the stock and recommended ‘”a Market perform”‘ rating .
