HireRight Holdings Co. (NYSE:HRT) Major Shareholder Rjc Gis Holdings Llc Sells 57,000 Shares

HireRight Holdings Co. (NYSE:HRT – Get Rating) major shareholder Rjc Gis Holdings Llc sold 57,000 shares of the company’s stock in a transaction dated Friday, March 3rd. The shares were sold at an average price of $11.17, for a total transaction of $636,690.00. Following the transaction, the insider now directly owns 10,607,497 shares of the company’s stock, valued at $118,485,741.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Rjc Gis Holdings Llc also recently made the following trade(s):

• On Monday, March 6th, Rjc Gis Holdings Llc sold 36,500 shares of HireRight stock. The shares were sold at an average price of $11.07, for a total transaction of $404,055.00.
• On Wednesday, March 1st, Rjc Gis Holdings Llc sold 26,600 shares of HireRight stock. The shares were sold at an average price of $10.90, for a total transaction of $289,940.00.
• On Monday, February 27th, Rjc Gis Holdings Llc sold 5,200 shares of HireRight stock. The shares were sold at an average price of $11.29, for a total transaction of $58,708.00.
• On Thursday, February 9th, Rjc Gis Holdings Llc sold 1,000 shares of HireRight stock. The shares were sold at an average price of $11.97, for a total transaction of $11,970.00.
• On Thursday, February 2nd, Rjc Gis Holdings Llc sold 10 shares of HireRight stock. The shares were sold at an average price of $12.02, for a total transaction of $120.20.
• On Friday, January 13th, Rjc Gis Holdings Llc sold 17,062 shares of HireRight stock. The shares were sold at an average price of $12.02, for a total transaction of $205,085.24.

HireRight Stock Down 1.7 %

Shares of HireRight stock opened at $11.01 on Tuesday. The company has a market cap of $31.05 million, a price-to-earnings ratio of -44.04 and a beta of 0.17. The company’s 50 day moving average is $11.54 and its 200 day moving average is $13.04. HireRight Holdings Co. has a twelve month low of $6.88 and a twelve month high of $18.95.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in HireRight by 27.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,987 shares of the company’s stock valued at $83,000 after purchasing an additional 1,503 shares during the period. Charles Schwab Investment Management Inc. lifted its position in HireRight by 1.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 146,418 shares of the company’s stock valued at $1,737,000 after purchasing an additional 2,267 shares during the period. Ensign Peak Advisors Inc bought a new position in HireRight in the third quarter worth approximately $35,000. Allspring Global Investments Holdings LLC bought a new position in HireRight in the third quarter worth approximately $37,000. Finally, State Street Corp raised its position in HireRight by 0.9% in the third quarter. State Street Corp now owns 392,220 shares of the company’s stock worth $5,985,000 after acquiring an additional 3,570 shares during the period. Institutional investors own 12.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. StockNews.com cut shares of HireRight from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Barclays upped their price objective on shares of HireRight from $9.00 to $10.00 and gave the stock an “equal weight” rating in a report on Monday, November 21st. Stifel Nicolaus cut shares of HireRight from a “buy” rating to a “hold” rating and set a $12.00 price objective on the stock. in a report on Thursday, January 19th. Finally, Truist Financial cut their price objective on shares of HireRight from $18.00 to $9.00 in a report on Monday, November 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $14.25.

HireRight Company Profile

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HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company offers background screening, verification, identification, monitoring, and drug and health screening services for customers. It provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.