RCM Technologies, Inc. (NASDAQ:RCMT – Get Free Report) insider Michael Saks sold 706 shares of the company’s stock in a transaction that occurred on Friday, August 21st. The stock was sold at an average price of $41.12, for a total transaction of $29,030.72. Following the completion of the sale, the insider directly owned 88,601 shares of the company’s stock, valued at approximately $3,643,273.12. This represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Michael Saks also recently made the following trade(s):
- On Tuesday, August 18th, Michael Saks sold 10,000 shares of RCM Technologies stock. The shares were sold at an average price of $41.07, for a total transaction of $410,700.00.
- On Friday, August 14th, Michael Saks sold 11,792 shares of RCM Technologies stock. The shares were sold at an average price of $33.56, for a total transaction of $395,739.52.
RCM Technologies Price Performance
Shares of NASDAQ:RCMT opened at $40.59 on Thursday. The stock has a market cap of $288.59 million, a price-to-earnings ratio of 17.65 and a beta of 0.29. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.92 and a quick ratio of 1.92. RCM Technologies, Inc. has a 12 month low of $17.26 and a 12 month high of $42.26. The stock’s 50 day moving average price is $30.26 and its 200 day moving average price is $25.72.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC lifted its stake in RCM Technologies by 3.6% in the 1st quarter. Renaissance Technologies LLC now owns 434,877 shares of the business services provider’s stock worth $8,324,000 after acquiring an additional 15,304 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of RCM Technologies by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 279,889 shares of the business services provider’s stock valued at $7,431,000 after purchasing an additional 8,532 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in shares of RCM Technologies by 40.7% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 258,231 shares of the business services provider’s stock worth $5,280,000 after purchasing an additional 74,760 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of RCM Technologies by 1.1% in the first quarter. Dimensional Fund Advisors LP now owns 169,945 shares of the business services provider’s stock worth $3,253,000 after purchasing an additional 1,774 shares in the last quarter. Finally, Punch & Associates Investment Management Inc. boosted its holdings in shares of RCM Technologies by 12.8% during the first quarter. Punch & Associates Investment Management Inc. now owns 153,511 shares of the business services provider’s stock worth $2,938,000 after purchasing an additional 17,433 shares during the period. 43.20% of the stock is owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have weighed in on RCMT. B. Riley Financial upped their price target on shares of RCM Technologies from $40.00 to $45.00 and gave the company a “buy” rating in a report on Monday, August 17th. Benchmark lifted their price objective on shares of RCM Technologies from $36.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday, August 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of RCM Technologies in a research note on Friday, July 17th. Wall Street Zen upgraded shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a report on Sunday, August 16th. Finally, Zacks Research upgraded shares of RCM Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $45.00.
Get Our Latest Research Report on RCMT
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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