HireRight Holdings Co. (NYSE:HRT) Director Stone Point Capital Llc Acquires 467,884 Shares of Stock

HireRight Holdings Co. (NYSE:HRTGet Rating) Director Stone Point Capital Llc acquired 467,884 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was acquired at an average price of $14.92 per share, with a total value of $6,980,829.28. Following the acquisition, the director now directly owns 11,918,705 shares of the company’s stock, valued at approximately $177,827,078.60. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Stone Point Capital Llc also recently made the following trade(s):

  • On Monday, June 13th, Stone Point Capital Llc acquired 513,259 shares of HireRight stock. The stock was acquired at an average price of $14.67 per share, with a total value of $7,529,509.53.
  • On Thursday, June 9th, Stone Point Capital Llc acquired 8,328 shares of HireRight stock. The stock was acquired at an average price of $15.00 per share, with a total value of $124,920.00.
  • On Thursday, June 2nd, Stone Point Capital Llc acquired 7,218 shares of HireRight stock. The stock was acquired at an average price of $14.80 per share, with a total value of $106,826.40.
  • On Tuesday, May 31st, Stone Point Capital Llc purchased 52,471 shares of HireRight stock. The shares were purchased at an average price of $14.67 per share, with a total value of $769,749.57.
  • On Friday, May 27th, Stone Point Capital Llc purchased 22,435 shares of HireRight stock. The shares were purchased at an average price of $14.49 per share, with a total value of $325,083.15.
  • On Wednesday, May 25th, Stone Point Capital Llc purchased 130,531 shares of HireRight stock. The shares were purchased at an average price of $13.89 per share, with a total value of $1,813,075.59.

Shares of NYSE:HRT opened at $15.11 on Friday. HireRight Holdings Co. has a twelve month low of $10.66 and a twelve month high of $19.46. The firm has a 50 day simple moving average of $15.71 and a 200-day simple moving average of $14.70.

HireRight (NYSE:HRTGet Rating) last released its quarterly earnings results on Monday, March 21st. The company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.06 by $0.23. The business had revenue of $198.53 million during the quarter, compared to analysts’ expectations of $183.46 million.

Several research analysts have commented on the stock. The Goldman Sachs Group lowered their price target on shares of HireRight from $35.00 to $31.00 and set a “buy” rating for the company in a report on Tuesday, March 22nd. Credit Suisse Group lowered their price target on shares of HireRight from $26.00 to $21.00 and set an “outperform” rating for the company in a report on Tuesday, March 22nd. Barclays lowered their price target on shares of HireRight from $30.00 to $22.00 and set an “overweight” rating for the company in a report on Wednesday, March 16th. Truist Financial boosted their price objective on shares of HireRight to $18.00 and gave the stock a “na” rating in a research report on Monday, May 16th. Finally, StockNews.com upgraded shares of HireRight from a “sell” rating to a “hold” rating in a research report on Saturday, March 26th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $22.88.

A number of hedge funds have recently added to or reduced their stakes in the stock. Legal & General Group Plc purchased a new stake in HireRight in the 4th quarter valued at $57,000. Lazard Asset Management LLC purchased a new position in HireRight during the 4th quarter worth $58,000. Charles Schwab Investment Management Inc. raised its position in HireRight by 3.0% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 160,609 shares of the company’s stock worth $2,747,000 after buying an additional 4,713 shares during the last quarter. Strs Ohio purchased a new position in HireRight during the 4th quarter worth $83,000. Finally, MetLife Investment Management LLC raised its position in HireRight by 55.4% during the 1st quarter. MetLife Investment Management LLC now owns 15,433 shares of the company’s stock worth $264,000 after buying an additional 5,503 shares during the last quarter.

About HireRight (Get Rating)

HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company offers background screening, verification, identification, monitoring, and drug and health screening services for customers. It provides its services through software and data platform that integrates into its customers' human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.

Further Reading

Insider Buying and Selling by Quarter for HireRight (NYSE:HRT)

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