HireRight Holdings Co. (NYSE:HRT) Director Atlantic Genpar (Bermu General Purchases 78,353 Shares

HireRight Holdings Co. (NYSE:HRTGet Rating) Director Atlantic Genpar (Bermu General bought 78,353 shares of the stock in a transaction dated Friday, November 18th. The shares were purchased at an average cost of $9.41 per share, for a total transaction of $737,301.73. Following the completion of the purchase, the director now owns 30,274,886 shares in the company, valued at $284,886,677.26. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Atlantic Genpar (Bermu General also recently made the following trade(s):

  • On Wednesday, November 16th, Atlantic Genpar (Bermu General bought 400,000 shares of HireRight stock. The shares were purchased at an average cost of $9.72 per share, for a total transaction of $3,888,000.00.

HireRight Trading Up 1.6 %

HRT stock opened at $9.29 on Friday. HireRight Holdings Co. has a 12 month low of $6.88 and a 12 month high of $19.46. The firm has a 50-day moving average of $13.86 and a two-hundred day moving average of $14.88.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of HireRight from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $15.00 to $12.00 in a research note on Friday, November 4th. Truist Financial decreased their price target on shares of HireRight from $18.00 to $9.00 in a research note on Monday, November 7th. The Goldman Sachs Group decreased their price target on shares of HireRight from $21.00 to $18.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. StockNews.com raised shares of HireRight from a “hold” rating to a “buy” rating in a research note on Monday, November 7th. Finally, Needham & Company LLC decreased their price target on shares of HireRight from $22.00 to $17.00 and set a “buy” rating on the stock in a research note on Friday, November 4th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.11.

Institutional Trading of HireRight

A number of hedge funds and other institutional investors have recently made changes to their positions in HRT. Stone Point Capital LLC increased its holdings in shares of HireRight by 11.2% during the 2nd quarter. Stone Point Capital LLC now owns 18,401,140 shares of the company’s stock worth $261,480,000 after buying an additional 1,848,716 shares during the last quarter. Simcoe Capital Management LLC increased its holdings in shares of HireRight by 1,111.2% during the 1st quarter. Simcoe Capital Management LLC now owns 1,260,525 shares of the company’s stock worth $21,555,000 after buying an additional 1,156,452 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of HireRight by 44.6% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,405,691 shares of the company’s stock worth $41,137,000 after buying an additional 741,909 shares during the last quarter. Jennison Associates LLC increased its holdings in shares of HireRight by 35.3% during the 1st quarter. Jennison Associates LLC now owns 975,307 shares of the company’s stock worth $16,678,000 after buying an additional 254,352 shares during the last quarter. Finally, Blair William & Co. IL increased its holdings in shares of HireRight by 234.9% during the 1st quarter. Blair William & Co. IL now owns 347,435 shares of the company’s stock worth $5,941,000 after buying an additional 243,690 shares during the last quarter.

About HireRight

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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.

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