TriplePoint Venture Growth BDC Corp’s filing revealed that its President Srivastava Sajal acquired Company’s shares for reported $0.17 million on Aug 13 ’24. In the deal valued at $7.09 per share,24,083 shares were bought. As a result of this transaction, Srivastava Sajal now holds 274,941 shares worth roughly $1.61 million.
Then, Srivastava Sajal bought 11,298 shares, generating $79,311 in total proceeds. Upon buying the shares at $7.02, the President now owns 250,858 shares.
Wells Fargo downgraded its TriplePoint Venture Growth BDC Corp [TPVG] rating to an Underweight from a an Equal weight in a research note published on March 17, 2025; the price target was decreased to $6.50 from $7.50. A number of analysts have revised their coverage, including Keefe Bruyette’s analysts, who increased its forecast for the stock in early November from “an Underperform” to “a Mkt perform”. Ladenburg Thalmann also remained covering TPVG and has decreased its forecast on August 09, 2024 with a “Neutral” recommendation from previously “Buy” rating. Wells Fargo revised its rating on May 29, 2024. It rated TPVG as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of TPVG
On Monday, TriplePoint Venture Growth BDC Corp [NYSE:TPVG] saw its stock fall -2.17% to $5.85. Over the last five days, the stock has lost -0.34%. TriplePoint Venture Growth BDC Corp shares have fallen nearly -20.73% since the year began. Nevertheless, the stocks have fallen -35.29% over the past one year. While a 52-week high of $9.73 was reached on 03/03/25, a 52-week low of $5.53 was recorded on 04/07/25. SMA at 50 days reached $7.18, while 200 days put it at $7.49.
Levels Of Support And Resistance For TPVG Stock
The 24-hour chart illustrates a support level at 5.76, which if violated will result in even more drops to 5.67. On the upside, there is a resistance level at 5.95. A further resistance level may holdings at 6.05. The Relative Strength Index (RSI) on the 14-day chart is 31.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.62%. Stochastics %K at 25.66% indicates the stock is a holding.
How much short interest is there in TriplePoint Venture Growth BDC Corp?
A steep rise in short interest was recorded in TriplePoint Venture Growth BDC Corp stocks on 2025-03-31, growing by 0.15 million shares to a total of 1.28 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.13 million shares. There was a rise of 11.67%, which implies that there is a positive sentiment for the stock.
