Richtech Robotics Inc. (NASDAQ:RR) Shares Purchased by Jane Street Group LLC

Jane Street Group LLC grew its holdings in Richtech Robotics Inc. (NASDAQ:RR - Free Report) by 113.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 442,248 shares of the company's stock after acquiring an additional 234,578 shares during the quarter. Jane Street Group LLC owned about 0.39% of Richtech Robotics worth $1,194,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Northern Trust Corp acquired a new position in Richtech Robotics in the fourth quarter valued at $297,000. XTX Topco Ltd acquired a new stake in shares of Richtech Robotics in the 4th quarter valued at about $293,000. Renaissance Technologies LLC purchased a new position in Richtech Robotics during the 4th quarter worth approximately $226,000. Arete Wealth Advisors LLC purchased a new position in Richtech Robotics during the 4th quarter worth approximately $69,000. Finally, Geode Capital Management LLC increased its position in Richtech Robotics by 93.3% during the fourth quarter. Geode Capital Management LLC now owns 440,760 shares of the company's stock worth $1,190,000 after buying an additional 212,709 shares during the period. Hedge funds and other institutional investors own 0.01% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Lake Street Capital assumed coverage on shares of Richtech Robotics in a research report on Tuesday, March 18th. They set a "buy" rating and a $3.00 target price on the stock. HC Wainwright initiated coverage on shares of Richtech Robotics in a research report on Friday, April 11th. They set a "buy" rating and a $3.50 price objective on the stock.

Insider Buying and Selling at Richtech Robotics

In related news, President Matthew G. Casella sold 60,000 shares of Richtech Robotics stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total value of $100,200.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 41.30% of the stock is currently owned by corporate insiders.

Richtech Robotics Stock Performance

RR traded down $0.11 on Monday, hitting $2.20. 7,015,404 shares of the company traded hands, compared to its average volume of 11,297,979. Richtech Robotics Inc. has a 12-month low of $0.30 and a 12-month high of $5.20. The company has a 50 day moving average of $2.08 and a 200-day moving average of $2.00. The company has a quick ratio of 70.11, a current ratio of 39.74 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $251.91 million, a PE ratio of -14.67 and a beta of -5.19.

Richtech Robotics (NASDAQ:RR - Get Free Report) last released its earnings results on Wednesday, May 14th. The company reported ($0.04) earnings per share (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 company had revenue of $1.17 million during the quarter, compared to analyst estimates of $1.91 million.

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.