Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. AvidXchange Holdings Inc shares valued at $203,627 were sold by Wilhite Joel on May 15 ’25. At $9.74 per share, Wilhite Joel sold 20,914 shares. The insider’s holdings dropped to 808,841 shares worth approximately $7.87 million following the completion of this transaction.
Also, Stahl Ryan sold 8,999 shares, netting a total of over 87,618 in proceeds. Following the sale of shares at $9.74 each, the insider now holds 667,226 shares.
Before that, Praeger Michael had sold 40,005 shares from its account. In a trade valued at $389,505, the Chief Executive Officer traded AvidXchange Holdings Inc shares for $9.74 each. Upon closing the transaction, the insider’s holdings decreased to 40,005 shares, worth approximately $107.4 million.
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 drop of approximately -0.10%. Over the course of the year, AvidXchange Holdings Inc shares have dropped approximately -5.90%. 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.
Support And Resistance Levels for AvidXchange Holdings Inc (AVDX)
According to the 24-hour chart, there is a support level at 9.72, which, if violated, would cause prices to drop to 9.71. In the upper region, resistance lies at 9.74. The next price resistance is at 9.75. RSI (Relative Strength Index) is 73.19 on the 14-day chart, showing overbought technical sentiment.
