RCM Technologies (NASDAQ:RCMT) CFO Kevin Miller Sells 1,483 Shares

Key Points

• CFO Kevin Miller sold 1,483 shares on April 22 at an average price of $32 under a pre-arranged Rule 10b5-1 plan, trimming his stake by 0.33% while still holding 446,732 shares valued at about $14.3M.
• Analysts have grown more positive—RCM has a MarketBeat consensus "Buy" rating with a $36.00 price target after upgrades from Zacks and Wall Street Zen and a price-target raise from Benchmark to $36.
• The stock is trading near its 52-week high (last $31.62) with a market cap of roughly $222M, a trailing P/E of 14.8, and about 43.2% of shares owned by institutional investors.

RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) CFO Kevin Miller sold 1,483 shares of the stock in a transaction on Wednesday, April 22nd. The stock was sold at an average price of $32.00, for a total transaction of $47,456.00. Following the sale, the chief financial officer directly owned 446,732 shares in the company, valued at $14,295,424. This trade represents a 0.33% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

RCM Technologies Stock Performance

Shares of NASDAQ:RCMT traded up $0.70 on Friday, reaching $31.62. 54,375 shares of the company's stock were exchanged, compared to its average volume of 56,480. The firm has a market capitalization of $221.97 million, a price-to-earnings ratio of 14.78 and a beta of -0.01. RCM Technologies, Inc. has a fifty-two week low of $16.51 and a fifty-two week high of $32.28. The business's 50-day moving average is $21.88 and its two-hundred day moving average is $21.17. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.

Analysts Set New Price Targets

A number of analysts have weighed in on the stock. Weiss Ratings reissued a "hold (c)" rating on shares of RCM Technologies in a report on Friday, March 27th. Zacks Research raised shares of RCM Technologies from a "hold" rating to a "strong-buy" rating in a report on Monday, April 13th. Wall Street Zen raised shares of RCM Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, April 11th. Finally, Benchmark lifted their price objective on shares of RCM Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, April 8th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, RCM Technologies has a consensus rating of "Buy" and a consensus price target of $36.00.

Institutional Trading of RCM Technologies

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets lifted its position in 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 last quarter. JPMorgan Chase & Co. lifted its position in 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 last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in RCM Technologies in the 3rd quarter valued at about $60,000. Lazard Asset Management LLC bought a new stake in RCM Technologies in the 2nd quarter valued at about $77,000. Finally, New York State Common Retirement Fund bought a new stake in RCM Technologies in the 2nd quarter valued at about $101,000. 43.20% of the stock is currently owned by institutional investors.

RCM Technologies Company Profile

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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