HireRight Holdings Co. (NYSE:HRT) Major Shareholder Rjc Gis Holdings Llc Sells 120,503 Shares

Posted by MarketBeat News on Mar 18th, 2023

HireRight Holdings Co. (NYSE:HRT – Get Rating) major shareholder Rjc Gis Holdings Llc sold 120,503 shares of the stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $10.71, for a total value of $1,290,587.13. Following the completion of the transaction, the insider now directly owns 9,855,838 shares in the company, valued at approximately $105,556,024.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Rjc Gis Holdings Llc also recently made the following trade(s):

On Monday, March 13th, Rjc Gis Holdings Llc sold 145,354 shares of HireRight stock. The shares were sold at an average price of $10.75, for a total value of $1,562,555.50.
On Friday, March 10th, Rjc Gis Holdings Llc sold 320,600 shares of HireRight stock. The shares were sold at an average price of $10.83, for a total value of $3,472,098.00.
On Wednesday, March 8th, Rjc Gis Holdings Llc sold 39,000 shares of HireRight stock. The stock was sold at an average price of $10.66, for a total value of $415,740.00.
On Monday, March 6th, Rjc Gis Holdings Llc sold 36,500 shares of HireRight stock. The stock was sold at an average price of $11.07, for a total value of $404,055.00.
On Friday, March 3rd, Rjc Gis Holdings Llc sold 57,000 shares of HireRight stock. The stock was sold at an average price of $11.17, for a total value of $636,690.00.
On Wednesday, March 1st, Rjc Gis Holdings Llc sold 26,600 shares of HireRight stock. The stock was sold at an average price of $10.90, for a total value of $289,940.00.
On Monday, February 27th, Rjc Gis Holdings Llc sold 5,200 shares of HireRight stock. The stock was sold at an average price of $11.29, for a total value of $58,708.00.
On Thursday, February 9th, Rjc Gis Holdings Llc sold 1,000 shares of HireRight stock. The shares were sold at an average price of $11.97, for a total value of $11,970.00.
On Thursday, February 2nd, Rjc Gis Holdings Llc sold 10 shares of HireRight stock. The shares were sold at an average price of $12.02, for a total value of $120.20.
On Friday, January 13th, Rjc Gis Holdings Llc sold 17,062 shares of HireRight stock. The shares were sold at an average price of $12.02, for a total value of $205,085.24.

HireRight Stock Performance

Shares of HireRight stock opened at $10.81 on Friday. The stock has a market cap of $30.48 million, a price-to-earnings ratio of -43.24 and a beta of 0.17. The stock has a 50 day moving average price of $11.34 and a 200-day moving average price of $12.62. HireRight Holdings Co. has a one year low of $6.88 and a one year high of $18.95.

Analyst Upgrades and Downgrades

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Several analysts recently issued reports on the company. The Goldman Sachs Group decreased their target price on HireRight from $15.60 to $13.80 and set a “buy” rating on the stock in a research note on Friday, March 10th. StockNews.com downgraded HireRight from a “buy” rating to a “hold” rating in a research note on Wednesday. Needham & Company LLC reissued a “buy” rating and set a $17.00 target price on shares of HireRight in a research note on Friday, March 10th. Credit Suisse Group cut their price target on HireRight from $17.00 to $15.00 and set an “outperform” rating for the company in a report on Friday, March 10th. Finally, Barclays raised their price target on HireRight from $9.00 to $10.00 and gave the company an “equal weight” rating in a report on Monday, November 21st. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, HireRight has an average rating of “Hold” and an average target price of $13.10.

Institutional Investors Weigh In On HireRight

A number of institutional investors and hedge funds have recently modified their holdings of the business. General Atlantic L.P. lifted its stake in shares of HireRight by 8.0% during the 4th quarter. General Atlantic L.P. now owns 32,109,898 shares of the company’s stock worth $380,823,000 after acquiring an additional 2,390,000 shares during the last quarter. Stone Point Capital LLC lifted its stake in shares of HireRight by 0.3% during the 4th quarter. Stone Point Capital LLC now owns 18,463,397 shares of the company’s stock worth $218,976,000 after acquiring an additional 62,257 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of HireRight by 3.6% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,492,974 shares of the company’s stock worth $35,425,000 after acquiring an additional 87,283 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of HireRight by 0.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,245,691 shares of the company’s stock worth $19,009,000 after acquiring an additional 9,145 shares during the last quarter. Finally, Jennison Associates LLC raised its position in HireRight by 14.4% during the 4th quarter. Jennison Associates LLC now owns 1,244,051 shares of the company’s stock valued at $14,754,000 after purchasing an additional 156,855 shares in the last quarter. 12.49% of the stock is owned by institutional investors.

HireRight Company Profile

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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.