39,524 Shares in Richtech Robotics Inc. $RR Bought by American Century Companies Inc.

American Century Companies Inc. purchased a new stake in shares of Richtech Robotics Inc. (NASDAQ:RR) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 39,524 shares of the company’s stock, valued at approximately $78,000.

Several other large investors also recently made changes to their positions in RR. Northern Trust Corp acquired a new stake in shares of Richtech Robotics in the 4th quarter valued at about $297,000. Jane Street Group LLC lifted its position in shares of Richtech Robotics by 113.0% during the 4th quarter. Jane Street Group LLC now owns 442,248 shares of the company’s stock worth $1,194,000 after buying an additional 234,578 shares in the last quarter. Cary Street Partners Financial LLC bought a new position in shares of Richtech Robotics during the 4th quarter worth approximately $92,000. Citadel Advisors LLC bought a new position in shares of Richtech Robotics during the 4th quarter worth approximately $31,000. Finally, Millennium Management LLC purchased a new stake in shares of Richtech Robotics during the 4th quarter worth approximately $198,000. 0.01% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Richtech Robotics from a “hold” rating to a “sell” rating in a research note on Sunday. Two equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $3.25.

Richtech Robotics Stock Performance

Shares of NASDAQ:RR opened at $2.53 on Monday. The firm has a market capitalization of $379.22 million, a PE ratio of -14.88 and a beta of -4.49. The firm has a fifty day moving average of $2.15 and a 200 day moving average of $2.08. Richtech Robotics Inc. has a 52-week low of $0.52 and a 52-week high of $5.20.

Richtech Robotics (NASDAQ:RR) last posted its quarterly earnings results on Monday, August 11th. The company reported ($0.04) earnings per share for the quarter, hitting the consensus estimate of ($0.04). The business had revenue of $1.18 million during the quarter, compared to the consensus estimate of $1.42 million. Richtech Robotics had a negative net margin of 366.21% and a negative return on equity of 23.85%.

Insiders Place Their Bets

In other news, COO Phil Zheng sold 100,000 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were sold at an average price of $3.01, for a total transaction of $301,000.00. Following the completion of the transaction, the chief operating officer directly owned 1,100,000 shares of the company’s stock, valued at approximately $3,311,000. This represents a 8.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 41.30% of the stock is owned by corporate insiders.

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.