Insider Selling: Rank One Computing (NASDAQ:ROC) Major Shareholder Sells $4,104,000.00 in Stock

Key Points

• Major shareholder Scott Jeffrey Klum sold 1.2 million Rank One Computing shares at an average price of $3.42, generating $4.104 million. The sale reduced his direct stake by 40.64% to 1,752,560 shares.
• Rank One Computing shares rose 1.0% to $4.09 in Friday trading, while the company reported a quarterly loss of $0.04 per share on $5.09 million in revenue.
• Analyst opinions remain mixed: two analysts rate the stock a Buy and one rates it Sell, resulting in a consensus Hold rating and a $7.75 price target.

Rank One Computing Corp. (NASDAQ:ROC - Get Free Report) major shareholder Scott Jeffrey Klum sold 1,200,000 shares of the stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $3.42, for a total transaction of $4,104,000.00. Following the completion of the sale, the insider directly owned 1,752,560 shares in the company, valued at approximately $5,993,755.20. This represents a 40.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own 10% or more of a company's stock are required to disclose their sales and purchases with the SEC.

Rank One Computing Stock Up 1.0%

NASDAQ:ROC traded up $0.04 during mid-day trading on Friday, hitting $4.09. 33,938 shares of the stock traded hands, compared to its average volume of 57,491. Rank One Computing Corp. has a 52 week low of $3.71 and a 52 week high of $7.80. The stock has a market capitalization of $78.04 million and a price-to-earnings ratio of -18.59. The firm's 50 day moving average is $4.31 and its two-hundred day moving average is $5.15.

Rank One Computing (NASDAQ:ROC - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $5.09 million for the quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Weiss Ratings raised Rank One Computing from a "sell (e-)" rating to a "sell (e)" rating in a research report on Monday, August 3rd. Benchmark reiterated a "buy" rating on shares of Rank One Computing in a research report on Friday, August 14th. Finally, Craig Hallum assumed coverage on shares of Rank One Computing in a research note on Monday. They set a "buy" rating and a $6.50 target price for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Rank One Computing currently has a consensus rating of "Hold" and a consensus price target of $7.75.

Rank One Computing Company Profile

Rank One Computing, Inc develops computer-vision and artificial-intelligence software focused on biometric recognition and identity-related applications. Its technology is designed to help organizations analyze images and video, identify individuals or objects, and automate visual data processing.

The company's offerings include facial-recognition and image-matching tools, as well as software intended for use in security, law enforcement, government, and commercial settings. Rank One Computing emphasizes configurable solutions that can be deployed in cloud, on-premises, or edge-computing environments, depending on customer requirements.

Publicly available information about Rank One Computing's corporate history, geographic reach, and leadership is limited.

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