Insider Buying: Sarcos Technology and Robotics Co. (NASDAQ:STRC) Director Acquires 20,000 Shares of Stock

Sarcos Technology and Robotics Co. (NASDAQ:STRCGet Rating) Director Brian D. Finn bought 20,000 shares of the firm’s stock in a transaction dated Monday, May 16th. The shares were acquired at an average price of $3.82 per share, for a total transaction of $76,400.00. Following the transaction, the director now directly owns 62,315 shares in the company, valued at $238,043.30. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of STRC opened at $3.91 on Wednesday. Sarcos Technology and Robotics Co. has a 52-week low of $2.85 and a 52-week high of $11.80. The firm’s fifty day moving average is $5.24 and its two-hundred day moving average is $6.67.

Sarcos Technology and Robotics (NASDAQ:STRCGet Rating) last posted its quarterly earnings results on Tuesday, March 29th. The company reported ($0.11) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The company had revenue of $1.00 million for the quarter, compared to analysts’ expectations of $1.90 million. As a group, analysts forecast that Sarcos Technology and Robotics Co. will post -0.48 earnings per share for the current fiscal year.

Several equities analysts have issued reports on STRC shares. Zacks Investment Research raised shares of Sarcos Technology and Robotics from a “sell” rating to a “hold” rating in a report on Saturday. Credit Suisse Group lowered their price objective on Sarcos Technology and Robotics from $9.00 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday, March 30th.

Several institutional investors have recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of Sarcos Technology and Robotics by 10.0% during the 1st quarter. BlackRock Inc. now owns 2,266,454 shares of the company’s stock worth $15,072,000 after acquiring an additional 206,108 shares during the period. Delta Air Lines Inc. purchased a new position in Sarcos Technology and Robotics during the fourth quarter worth about $22,602,000. Vanguard Group Inc. boosted its holdings in Sarcos Technology and Robotics by 3.2% in the 1st quarter. Vanguard Group Inc. now owns 1,749,284 shares of the company’s stock valued at $11,632,000 after purchasing an additional 54,132 shares during the last quarter. Millennium Management LLC purchased a new stake in shares of Sarcos Technology and Robotics in the 3rd quarter valued at approximately $10,566,000. Finally, Geode Capital Management LLC acquired a new stake in shares of Sarcos Technology and Robotics during the 4th quarter worth approximately $6,624,000. Institutional investors and hedge funds own 35.31% of the company’s stock.

About Sarcos Technology and Robotics (Get Rating)

Sarcos Technology and Robotics Corporation designs, develops, and sells robotic systems. Its robotic systems augment human performance by combining human intelligence, instinct, and judgment with machines to enhance employee safety and productivity. The company's mobile robotic systems include the Guardian XO, a full-body powered exoskeleton; Guardian XT, a highly dexterous mobile robot perform; Guardian GT, a force-multiplying dexterous robotic system; and Guardian S, a remote-controlled visual inspection and surveillance robotic system.

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