Insider Selling: Richtech Robotics Inc. (NASDAQ:RR) President Sells 60,000 Shares of Stock

Richtech Robotics Inc. (NASDAQ:RR - Get Free Report) President Matthew G. Casella sold 60,000 shares of the firm's stock in a transaction that occurred on Thursday, March 13th. The shares were sold at an average price of $1.67, for a total transaction of $100,200.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Richtech Robotics Stock Up 4.4 %

Shares of Richtech Robotics stock traded up $0.10 during trading on Friday, hitting $2.24. 9,240,622 shares of the stock were exchanged, compared to its average volume of 9,956,961. Richtech Robotics Inc. has a 12-month low of $0.30 and a 12-month high of $5.20. The stock has a market cap of $250.44 million, a price-to-earnings ratio of -17.09 and a beta of -7.94. The company has a debt-to-equity ratio of 0.01, a current ratio of 39.74 and a quick ratio of 70.11. The firm's 50-day moving average price is $2.40 and its 200 day moving average price is $1.56.

Richtech Robotics (NASDAQ:RR - Get Free Report) last announced its quarterly earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. Richtech Robotics had a negative net margin of 203.60% and a negative return on equity of 32.24%. The company had revenue of $1.26 million during the quarter.

Remove Ads

Wall Street Analysts Forecast Growth

Separately, Lake Street Capital started coverage on shares of Richtech Robotics in a research report on Tuesday. They set a "buy" rating and a $3.00 price objective for the company.

Institutional Investors Weigh In On Richtech Robotics

Institutional investors and hedge funds have recently bought and sold shares of the stock. Jane Street Group LLC increased its stake in Richtech Robotics by 113.0% in the fourth quarter. Jane Street Group LLC now owns 442,248 shares of the company's stock valued at $1,194,000 after purchasing an additional 234,578 shares during the period. Geode Capital Management LLC increased its stake in Richtech Robotics by 93.3% in the fourth quarter. Geode Capital Management LLC now owns 440,760 shares of the company's stock valued at $1,190,000 after purchasing an additional 212,709 shares during the period. Virtu Financial LLC increased its stake in Richtech Robotics by 662.1% in the third quarter. Virtu Financial LLC now owns 188,764 shares of the company's stock valued at $158,000 after purchasing an additional 163,994 shares during the period. Northern Trust Corp acquired a new position in Richtech Robotics in the fourth quarter valued at $297,000. Finally, XTX Topco Ltd acquired a new position in Richtech Robotics in the fourth quarter valued at $293,000. 0.01% of the stock is owned by hedge funds and other institutional investors.

About Richtech Robotics

Richtech Robotics Inc develops, manufactures, deploys, and sells robotic solutions for automation in the service industry. The company offers indoor transport and delivery, sanitation, and food and beverage automation solutions, such as ADAM and ARM worker robots; delivery robots, including Matradee, Matradee X, Matradee L, Richie, and Robbie; and cleaning robots comprising DUST-E SX, and DUST-E MX, as well as accessories, such as bus tubs, cup holders, magnetic tray cases, smartwatches, table location systems, and tray covers.