Sarcos Technology and Robotics Co. (NASDAQ:STRC) Director Brian D. Finn Purchases 15,000 Shares of Stock

Posted by on Jun 17th, 2022

Sarcos Technology and Robotics Co. (NASDAQ:STRC – Get Rating) Director Brian D. Finn acquired 15,000 shares of the business’s stock in a transaction dated Tuesday, June 14th. The shares were bought at an average price of $2.92 per share, with a total value of $43,800.00. Following the transaction, the director now directly owns 77,315 shares in the company, valued at approximately $225,759.80. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

STRC opened at $3.12 on Friday. The stock has a fifty day moving average of $4.13 and a 200-day moving average of $6.12. Sarcos Technology and Robotics Co. has a 12-month low of $2.79 and a 12-month high of $11.80.

Sarcos Technology and Robotics (NASDAQ:STRC – Get Rating) last released its earnings results on Tuesday, March 29th. The company reported ($0.11) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.05). The firm had revenue of $1.00 million during the quarter, compared to the consensus estimate of $1.90 million. Sell-side analysts anticipate that Sarcos Technology and Robotics Co. will post -0.49 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in shares of Sarcos Technology and Robotics by 10.0% in the first quarter. BlackRock Inc. now owns 2,266,454 shares of the company’s stock worth $15,072,000 after acquiring an additional 206,108 shares during the last quarter. Delta Air Lines Inc. acquired a new position in shares of Sarcos Technology and Robotics in the fourth quarter worth $22,602,000. Vanguard Group Inc. increased its stake in shares of Sarcos Technology and Robotics by 3.2% in the first quarter. Vanguard Group Inc. now owns 1,749,284 shares of the company’s stock worth $11,632,000 after acquiring an additional 54,132 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Sarcos Technology and Robotics in the third quarter worth $10,566,000. Finally, Geode Capital Management LLC acquired a new position in shares of Sarcos Technology and Robotics in the fourth quarter worth $6,624,000. 35.31% of the stock is currently owned by institutional investors and hedge funds.

Separately, Credit Suisse Group cut their price objective on Sarcos Technology and Robotics from $9.00 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, March 30th.

About Sarcos Technology and Robotics (Get Rating)

Sarcos Technology and Robotics Corporation designs, develops, and sells robotic systems. Its robotic systems augment human performance by combining human intelligence, instinct, and judgment with machines to enhance employee safety and productivity. The company's mobile robotic systems include the Guardian XO, a full-body powered exoskeleton; Guardian XT, a highly dexterous mobile robot perform; Guardian GT, a force-multiplying dexterous robotic system; and Guardian S, a remote-controlled visual inspection and surveillance robotic system.

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