Richtech Robotics Inc. (NASDAQ:RR) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC grew its position in shares of Richtech Robotics Inc. (NASDAQ:RR - Free Report) by 93.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 440,760 shares of the company's stock after acquiring an additional 212,709 shares during the period. Geode Capital Management LLC owned about 0.39% of Richtech Robotics worth $1,190,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Richtech Robotics in the 3rd quarter worth approximately $174,000. Global Wealth Management Investment Advisory Inc. purchased a new stake in Richtech Robotics during the 4th quarter valued at about $47,000. Finally, Virtu Financial LLC increased its stake in Richtech Robotics by 662.1% during the 3rd quarter. Virtu Financial LLC now owns 188,764 shares of the company's stock valued at $158,000 after purchasing an additional 163,994 shares in the last quarter. Hedge funds and other institutional investors own 0.01% of the company's stock.

Richtech Robotics Stock Performance

NASDAQ RR traded up $0.04 on Tuesday, reaching $2.11. 3,003,577 shares of the stock were exchanged, compared to its average volume of 10,778,902. The firm has a market capitalization of $241.60 million, a PE ratio of -16.23 and a beta of -5.18. Richtech Robotics Inc. has a one year low of $0.30 and a one year high of $5.20. The company's 50-day simple moving average is $1.95 and its two-hundred day simple moving average is $1.84. 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 (NASDAQ:RR - Get Free Report) last issued its earnings results on Friday, February 14th. The company reported ($0.04) earnings per share for the quarter. Richtech Robotics had a negative return on equity of 32.24% and a negative net margin of 203.60%. The firm had revenue of $1.26 million during the quarter.

Analyst Ratings Changes

Several analysts have commented on the company. Lake Street Capital started coverage on Richtech Robotics in a research note on Tuesday, March 18th. They set a "buy" rating and a $3.00 target price on the stock. HC Wainwright began coverage on shares of Richtech Robotics in a report on Friday, April 11th. They issued a "buy" rating and a $3.50 price objective on the stock.

Insider Buying and Selling at Richtech Robotics

In other news, President Matthew G. Casella sold 60,000 shares of the business's stock in a transaction that occurred on Thursday, March 13th. The stock was sold at an average price of $1.67, for a total transaction of $100,200.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 41.30% of the company's stock.

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.