Insider Buying: Sarcos Technology and Robotics Co. (NASDAQ:STRC) Director Purchases 30,000 Shares of Stock

Sarcos Technology and Robotics Co. (NASDAQ:STRCGet Rating) Director Brian D. Finn bought 30,000 shares of the business’s stock in a transaction on Friday, May 13th. The shares were acquired at an average price of $3.74 per share, for a total transaction of $112,200.00. Following the completion of the purchase, the director now owns 42,315 shares in the company, valued at approximately $158,258.10. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

STRC stock opened at $3.91 on Wednesday. Sarcos Technology and Robotics Co. has a 1 year low of $2.85 and a 1 year high of $11.80. The stock’s fifty day moving average price is $5.24 and its 200-day moving average price is $6.67.

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

A number of equities analysts have recently issued reports on STRC shares. Zacks Investment Research upgraded Sarcos Technology and Robotics from a “sell” rating to a “hold” rating in a research note on Saturday. Credit Suisse Group dropped their price target on Sarcos Technology and Robotics from $9.00 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 30th.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. raised its holdings in Sarcos Technology and Robotics by 10.0% in the 1st quarter. BlackRock Inc. now owns 2,266,454 shares of the company’s stock worth $15,072,000 after purchasing an additional 206,108 shares during the period. Delta Air Lines Inc. bought a new stake in Sarcos Technology and Robotics during the fourth quarter valued at about $22,602,000. Vanguard Group Inc. raised its holdings in Sarcos Technology and Robotics by 3.2% during the first quarter. Vanguard Group Inc. now owns 1,749,284 shares of the company’s stock valued at $11,632,000 after acquiring an additional 54,132 shares during the period. Millennium Management LLC bought a new stake in Sarcos Technology and Robotics during the third quarter valued at about $10,566,000. Finally, Geode Capital Management LLC bought a new stake in Sarcos Technology and Robotics during the fourth quarter valued at about $6,624,000. 35.31% of the stock is currently owned by institutional investors.

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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