Insider Selling: RCM Technologies (NASDAQ:RCMT) Chairman Sells 13,666 Shares of Stock

Key Points

• Chairman Bradley Vizi sold 13,666 shares of RCMT on April 7 at an average price of $27.55 for $376,498.30 (and an additional 8,237 shares on April 8 at $27.52); the sales were disclosed in an SEC filing and executed under a pre‑arranged Rule 10b5‑1 trading plan, leaving him with 1,497,477 shares (a 0.90% reduction) valued at about $41.26M.
• RCMT stock was trading near $27.90 with above‑average volume and sits close to its 52‑week high of $28.51; the company has a market cap of about $206.7M and a trailing P/E of 16.32, while analysts' consensus is a Hold with an average target price of $36 (Benchmark recently raised its target to $36).
• Institutional investors own 43.2% of RCMT, with recent position increases reported from firms including BNP Paribas, JPMorgan Chase and Bank of America.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) Chairman Bradley Vizi sold 13,666 shares of the business's stock in a transaction on Tuesday, April 7th. The stock was sold at an average price of $27.55, for a total value of $376,498.30. Following the sale, the chairman owned 1,497,477 shares in the company, valued at $41,255,491.35. This represents a 0.90% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Bradley Vizi also recently made the following trade(s):

• On Wednesday, April 8th, Bradley Vizi sold 8,237 shares of RCM Technologies stock. The stock was sold at an average price of $27.52, for a total value of $226,682.24.

RCM Technologies Price Performance

RCMT stock traded up $0.03 during midday trading on Thursday, reaching $27.90. 69,923 shares of the stock were exchanged, compared to its average volume of 52,535. The stock has a market capitalization of $206.74 million, a PE ratio of 16.32 and a beta of -0.01. RCM Technologies, Inc. has a 52 week low of $15.29 and a 52 week high of $28.51. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.98 and a quick ratio of 1.98. The company has a fifty day moving average price of $19.60 and a 200 day moving average price of $20.87.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on RCMT shares. Weiss Ratings reiterated a "hold (c)" rating on shares of RCM Technologies in a research report on Friday, March 27th. Benchmark upped their price target on RCM Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, Zacks Research upgraded RCM Technologies from a "strong sell" rating to a "hold" rating in a research report on Monday, January 5th. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $36.00.

Institutional Investors Weigh In On RCM Technologies

A number of institutional investors have recently made changes to their positions in RCMT. BNP Paribas Financial Markets lifted its stake in shares of RCM Technologies by 44.1% in the 2nd quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider's stock valued at $45,000 after purchasing an additional 579 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of RCM Technologies in the 3rd quarter valued at about $60,000. JPMorgan Chase & Co. lifted its stake in shares of RCM Technologies by 1,241.0% in the 2nd quarter. JPMorgan Chase & Co. now owns 2,320 shares of the business services provider's stock valued at $55,000 after purchasing an additional 2,147 shares during the period. Lazard Asset Management LLC acquired a new position in shares of RCM Technologies in the 2nd quarter valued at about $77,000. Finally, Bank of America Corp DE lifted its stake in shares of RCM Technologies by 28.1% in the 3rd quarter. Bank of America Corp DE now owns 4,166 shares of the business services provider's stock valued at $111,000 after purchasing an additional 915 shares during the period. Institutional investors own 43.20% of the company's stock.

About RCM Technologies

RCM Technologies, Inc NASDAQ: RCMT is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company's core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.

Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.

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