Stock Traders Purchase Large Volume of Call Options on Richtech Robotics (NASDAQ:RR)

Richtech Robotics Inc. (NASDAQ:RR) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 53,114 call options on the company. This represents an increase of 62% compared to the average daily volume of 32,740 call options.

Richtech Robotics Stock Up 0.4%

Shares of Richtech Robotics stock opened at $2.83 on Friday. The firm’s 50 day moving average price is $2.34 and its 200-day moving average price is $3.19. Richtech Robotics has a 52-week low of $1.71 and a 52-week high of $7.43. The company has a market cap of $608.73 million, a P/E ratio of -20.21 and a beta of -1.34.

Insider Transactions at Richtech Robotics

In related news, insider Matthew G. Casella sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $2.68, for a total transaction of $33,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 19.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Richtech Robotics

Several institutional investors and hedge funds have recently bought and sold shares of RR. Vanguard Group Inc. increased its position in shares of Richtech Robotics by 164.0% during the third quarter. Vanguard Group Inc. now owns 4,612,887 shares of the company’s stock worth $19,789,000 after purchasing an additional 2,865,386 shares in the last quarter. State Street Corp increased its position in Richtech Robotics by 99.7% during the 4th quarter. State Street Corp now owns 4,446,247 shares of the company’s stock valued at $14,361,000 after buying an additional 2,219,849 shares in the last quarter. Geode Capital Management LLC increased its position in Richtech Robotics by 73.5% during the 4th quarter. Geode Capital Management LLC now owns 3,586,863 shares of the company’s stock valued at $11,589,000 after buying an additional 1,519,613 shares in the last quarter. UBS Group AG raised its stake in Richtech Robotics by 412.2% in the fourth quarter. UBS Group AG now owns 1,804,574 shares of the company’s stock valued at $5,829,000 after buying an additional 1,452,236 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in Richtech Robotics by 3,231.2% in the second quarter. Bank of America Corp DE now owns 1,248,742 shares of the company’s stock valued at $2,435,000 after buying an additional 1,211,256 shares during the last quarter. 0.01% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on RR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Richtech Robotics in a research note on Friday, April 24th. HC Wainwright reiterated a “buy” rating and set a $6.00 price target on shares of Richtech Robotics in a research note on Wednesday, February 18th. Finally, Wall Street Zen downgraded shares of Richtech Robotics from a “hold” rating to a “sell” rating in a report on Saturday, February 14th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Richtech Robotics currently has a consensus rating of “Hold” and a consensus target price of $6.00.

Richtech Robotics Company Profile

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.