Northern Trust Corp Invests $297,000 in Richtech Robotics Inc. (NASDAQ:RR)

Northern Trust Corp bought a new stake in Richtech Robotics Inc. (NASDAQ:RR - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 109,881 shares of the company's stock, valued at approximately $297,000. Northern Trust Corp owned about 0.10% of Richtech Robotics at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Global Wealth Management Investment Advisory Inc. bought a new position in shares of Richtech Robotics during the fourth quarter worth about $47,000. Geode Capital Management LLC raised its position in shares of 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 acquiring an additional 212,709 shares during the last quarter. Arete Wealth Advisors LLC bought a new position in shares of Richtech Robotics during the fourth quarter worth about $69,000. Renaissance Technologies LLC bought a new position in shares of Richtech Robotics during the fourth quarter worth about $226,000. Finally, XTX Topco Ltd bought a new position in shares of Richtech Robotics during the fourth quarter worth about $293,000. 0.01% of the stock is currently owned by institutional investors.

Insider Activity at Richtech Robotics

In other Richtech Robotics news, President Matthew G. Casella sold 60,000 shares of the business's stock in a transaction on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total value of $100,200.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, COO Phil Zheng sold 105,213 shares of Richtech Robotics stock in a transaction on Thursday, May 29th. The shares were sold at an average price of $2.64, for a total value of $277,762.32. Following the completion of the transaction, the chief operating officer now owns 1,294,787 shares of the company's stock, valued at approximately $3,418,237.68. This trade represents a 7.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. 41.30% of the stock is owned by insiders.

Richtech Robotics Stock Down 3.3%

Richtech Robotics stock traded down $0.08 during mid-day trading on Thursday, reaching $2.34. The stock had a trading volume of 21,306,142 shares, compared to its average volume of 11,862,135. The company has a debt-to-equity ratio of 0.01, a quick ratio of 70.11 and a current ratio of 39.74. Richtech Robotics Inc. has a fifty-two week low of $0.30 and a fifty-two week high of $5.20. The stock's 50-day simple moving average is $2.12 and its 200-day simple moving average is $2.09. The firm has a market capitalization of $267.94 million, a PE ratio of -15.60 and a beta of -5.19.

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

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. HC Wainwright assumed coverage on Richtech Robotics in a research note on Friday, April 11th. They set a "buy" rating and a $3.50 target price for the company. Lake Street Capital assumed 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.

Richtech Robotics Company Profile

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.