Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Root Inc shares valued at $71,805,000 were purchased by Ribbit Capital IV, L.P. on May 06 ’25. At $143.61 per share, Ribbit Capital IV, L.P. acquired 500,000 shares.
Also, Malka Meyer sold 225,000 shares, netting a total of over 30,558,066 in proceeds. Following the sale of shares at $135.81 each, the insider now holds 503,800 shares.
Before that, Ribbit Capital IV, L.P. had added 225,000 shares to its account. In a trade valued at $33,975,000, the 10% Owner bought Root Inc shares for $151.00 each.
As published in a research note from JMP Securities on November 22, 2024, Root Inc [ROOT] has been rated down from a Mkt outperform to a Mkt perform. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early March. As of February 26, 2024, Keefe Bruyette has increased its “Mkt perform” rating to a “an Outperform” for ROOT. Earlier on February 22, 2024, Cantor Fitzgerald upgraded its rating. Their new recommendation was “an Overweight” for ROOT stock which previously was a “a Neutral”.
Analyzing ROOT Stock Performance
During the last five days, there has been a surge of approximately 3.56%. Over the course of the year, Root Inc shares have jumped approximately 94.92%. Shares of the company reached a 52-week high of $181.14 on 03/24/25 and a 52-week low of $70.25 on 01/02/25. A 50-day SMA is recorded $137.44, while a 200-day SMA reached $85.83.
Support And Resistance Levels for Root Inc (ROOT)
According to the 24-hour chart, there is a support level at 125.08, which, if violated, would cause prices to drop to 108.67. In the upper region, resistance lies at 157.82. The next price resistance is at 174.16. RSI (Relative Strength Index) is 53.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.07, which suggests the price will decrease in the coming days. Percent R is at 37.16%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
