Insider Buying: RedCloud (NASDAQ:RCT) Director Purchases $625,000.00 in Stock

RedCloud Holdings plc (NASDAQ:RCT) Director Nikolaus Beat Senn bought 2,500,000 shares of the stock in a transaction dated Thursday, August 27th. The shares were bought at an average cost of $0.25 per share, with a total value of $625,000.00. Following the completion of the purchase, the director directly owned 10,151,524 shares of the company’s stock, valued at approximately $2,537,881. This trade represents a 32.67% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

RedCloud Stock Performance

NASDAQ RCT opened at $0.21 on Friday. RedCloud Holdings plc has a 12 month low of $0.17 and a 12 month high of $2.39. The company’s 50-day moving average price is $0.22 and its 200-day moving average price is $0.55.

Institutional Trading of RedCloud

A hedge fund recently raised its position in RedCloud stock. UBS Group AG boosted its holdings in shares of RedCloud Holdings plc (NASDAQ:RCT) by 2,359.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,365 shares of the company’s stock after acquiring an additional 315,016 shares during the period. UBS Group AG owned about 0.83% of RedCloud worth $594,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of RedCloud in a research report on Wednesday, June 24th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $5.25.

About RedCloud

We have developed and operate the RedCloud platform (the “Platform”), that facilitates the trading of everyday consumer supplies of fast-moving consumer goods (“FMCG”) products across business supply chains. We believe the Platform solves a decades old problem of how to unlock and enable access of key purchase and sales data between brands, distributors and retailers in high growth consumer markets. Through the Platform, we enable retailers in these markets to use data driven insights backed by artificial intelligence (“AI”) to help make faster and easier business-to-business (“B2B”) purchases and inventory decisions from brands and distributors by breaking down complex purchasing behaviors of large product inventory catalogues.