In yesterday’s Wall Street session, TriplePoint Venture Growth BDC Corp (NYSE:TPVG) shares traded at $7.61, down -1.55% from the previous session.
TPVG stock price is now -1.46% away from the 50-day moving average and -5.60% away from the 200-day moving average. The market capitalization of the company currently stands at $304.77M.
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With the price target reduced from $8 to $7.50, Keefe Bruyette Upgraded its rating from Underperform to Mkt Perform for TriplePoint Venture Growth BDC Corp (NYSE: TPVG). On August 09, 2024, Ladenburg Thalmann Downgraded its previous ‘Buy’ rating to ‘Neutral’ on the stock reducing its target price from $8.50 to quote $8, while ‘Wells Fargo’ rates the stock as ‘Underweight’
In other news, Srivastava Sajal, President bought 24,083 shares of the company’s stock on Aug 13 ’24. The stock was bought for $170,676 at an average price of $7.09. Upon completion of the transaction, the President now directly owns 274,941 shares in the company, valued at $2.09 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 12 ’24, President Srivastava Sajal bought 11,298 shares of the business’s stock. A total of $79,311 was incurred on buying the stock at an average price of $7.02. This leaves the insider owning 250,858 shares of the company worth $1.91 million. A total of 1.41% of the company’s stock is owned by insiders.
During the past 12 months, TriplePoint Venture Growth BDC Corp has had a low of $6.44 and a high of $11.58. The fifty day moving average price for TPVG is $7.7226 and a two-hundred day moving average price translates $8.0614 for the stock.
The latest earnings results from TriplePoint Venture Growth BDC Corp (NYSE: TPVG) was released for 2024-09-30. The company reported revenue of $26.52 million for the quarter, compared to $35.74 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -25.81 percent.
