HireRight Holdings Co. (NYSE:HRT) Major Shareholder Rjc Gis Holdings Llc Sells 87,917 Shares

HireRight Holdings Co. (NYSE:HRT – Get Rating) major shareholder Rjc Gis Holdings Llc sold 87,917 shares of HireRight stock in a transaction dated Friday, May 19th. The shares were sold at an average price of $10.17, for a total value of $894,115.89. Following the completion of the transaction, the insider now directly owns 7,584,506 shares in the company, valued at $77,134,426.02. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Major shareholders that own 10% or more 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, May 22nd, Rjc Gis Holdings Llc sold 104,654 shares of HireRight stock. The stock was sold at an average price of $10.35, for a total value of $1,083,168.90.
• On Wednesday, May 17th, Rjc Gis Holdings Llc sold 60,000 shares of HireRight stock. The shares were sold at an average price of $10.03, for a total value of $601,800.00.
• On Thursday, May 11th, Rjc Gis Holdings Llc sold 24,608 shares of HireRight stock. The shares were sold at an average price of $10.20, for a total value of $251,001.60.
• On Monday, April 17th, Rjc Gis Holdings Llc sold 86,862 shares of HireRight stock. The shares were sold at an average price of $10.29, for a total value of $893,809.98.
• On Friday, April 14th, Rjc Gis Holdings Llc sold 42,669 shares of HireRight stock. The stock was sold at an average price of $10.14, for a total value of $432,663.66.
• On Wednesday, April 12th, Rjc Gis Holdings Llc sold 23,194 shares of HireRight stock. The shares were sold at an average price of $10.29, for a total value of $238,666.26.
• On Monday, April 10th, Rjc Gis Holdings Llc sold 122,607 shares of HireRight stock. The shares were sold at an average price of $10.39, for a total value of $1,273,886.73.
• On Wednesday, April 5th, Rjc Gis Holdings Llc sold 20,200 shares of HireRight stock. The stock was sold at an average price of $10.45, for a total value of $211,090.00.
• On Monday, April 3rd, Rjc Gis Holdings Llc sold 144,946 shares of HireRight stock. The shares were sold at an average price of $10.47, for a total value of $1,517,584.62.
• On Friday, March 31st, Rjc Gis Holdings Llc sold 190,611 shares of HireRight stock. The shares were sold at an average price of $10.58, for a total value of $2,016,664.38.

HireRight Stock Up 1.3 %

NYSE HRT opened at $10.34 on Tuesday. HireRight Holdings Co. has a twelve month low of $6.88 and a twelve month high of $18.66. The company has a market cap of $29.16 million, a price-to-earnings ratio of -41.36 and a beta of 0.17. The business’s fifty day moving average is $10.42 and its 200 day moving average is $10.92.

HireRight (NYSE:HRT – Get Rating) last posted its quarterly earnings data on Thursday, March 9th. The company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.14. The business had revenue of $175.36 million during the quarter, compared to the consensus estimate of $171.03 million.

Hedge Funds Weigh In On HireRight

A number of hedge funds have recently added to or reduced their stakes in HRT. Gabelli Funds LLC bought a new stake in HireRight during the 3rd quarter valued at $1,013,000. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 buying an additional 1,503 shares during the period. UBS Group AG raised its stake in HireRight by 56.4% in the third quarter. UBS Group AG now owns 134,020 shares of the company’s stock worth $2,045,000 after buying an additional 48,355 shares in the last quarter. Stone Point Capital LLC increased its stake in shares of HireRight by 0.3% during the fourth quarter. Stone Point Capital LLC now owns 18,463,397 shares of the company’s stock valued at $218,976,000 after purchasing an additional 62,257 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. purchased a new stake in shares of HireRight during the fourth quarter valued at approximately $531,000. Institutional investors and hedge funds own 12.49% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on HRT. Stifel Nicolaus reduced their price objective on HireRight from $12.00 to $11.00 in a research report on Wednesday, May 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $12.00 price target on shares of HireRight in a report on Friday, March 10th. Truist Financial lifted their target price on HireRight from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, March 10th. Credit Suisse Group lowered their target price on HireRight from $17.00 to $15.00 and set an “outperform” rating for the company in a research note on Friday, March 10th. Finally, Needham & Company LLC restated a “buy” rating and issued a $17.00 price target on shares of HireRight in a research report on Friday, March 10th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, HireRight presently has a consensus rating of “Hold” and a consensus target price of $12.98.

HireRight Company Profile

(Get Rating)

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.