Jane Street Group LLC Purchases 234,578 Shares of Richtech Robotics Inc. (NASDAQ:RR)

Jane Street Group LLC raised its position in shares of Richtech Robotics Inc. (NASDAQ:RR) by 113.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 442,248 shares of the company’s stock after acquiring an additional 234,578 shares during the period. Jane Street Group LLC owned approximately 0.39% of Richtech Robotics worth $1,194,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. Global Wealth Management Investment Advisory Inc. bought a new stake in shares of Richtech Robotics in the fourth quarter valued at about $47,000. Arete Wealth Advisors LLC bought a new stake in shares of Richtech Robotics in the fourth quarter valued at about $69,000. Renaissance Technologies LLC bought a new stake in shares of Richtech Robotics in the fourth quarter valued at about $226,000. XTX Topco Ltd bought a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $293,000. Finally, Northern Trust Corp bought a new stake in shares of Richtech Robotics in the fourth quarter valued at approximately $297,000. Institutional investors own 0.01% of the company’s stock.

Insider Activity at Richtech Robotics

In related news, President Matthew G. Casella sold 60,000 shares of the firm’s stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total transaction of $100,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 41.30% of the stock is owned by company insiders.

Richtech Robotics Stock Up 0.9%

RR stock opened at $2.34 on Wednesday. The stock has a market capitalization of $267.94 million, a P/E ratio of -15.60 and a beta of -5.19. The company has a current ratio of 39.74, a quick ratio of 70.11 and a debt-to-equity ratio of 0.01. Richtech Robotics Inc. has a 12 month low of $0.30 and a 12 month high of $5.20. The firm has a 50-day moving average price of $2.07 and a 200-day moving average price of $1.95.

Richtech Robotics (NASDAQ:RR) last announced its quarterly earnings results on Wednesday, May 14th. The company reported ($0.04) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.02). Richtech Robotics had a negative net margin of 203.60% and a negative return on equity of 32.24%. The firm had revenue of $1.17 million during the quarter, compared to the consensus estimate of $1.91 million.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. HC Wainwright began coverage on Richtech Robotics in a research note on Friday, April 11th. They issued a “buy” rating and a $3.50 price target for the company. Lake Street Capital initiated coverage on Richtech Robotics in a research note on Tuesday, March 18th. They set a “buy” rating and a $3.00 target price for the company.

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.