Key Points
- CFO Kevin Miller sold 2,385 shares on April 20 at an average price of $32.02 for $76,367.70 under a pre-arranged Rule 10b5-1 plan, leaving him with 448,215 shares (a 0.53% reduction in his stake).
- Analyst sentiment has turned positive: Benchmark raised its price target to $36 with a Buy, and upgrades from Wall Street Zen and Zacks contribute to a consensus Buy rating and a $36 average target.
- RCMT shares were trading around $31.07 (near a 12‑month high of $32.05) with a market cap of about $218.11 million and a trailing P/E of 14.52.
RCM Technologies, Inc. (NASDAQ:RCMT - Get Free Report) CFO Kevin Miller sold 2,385 shares of the company's stock in a transaction dated Monday, April 20th. The shares were sold at an average price of $32.02, for a total value of $76,367.70. Following the sale, the chief financial officer owned 448,215 shares in the company, valued at approximately $14,351,844.30. This represents a 0.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
RCM Technologies Trading Up 0.9%
Shares of RCMT opened at $31.07 on Wednesday. The business's 50-day moving average price is $21.33 and its 200-day moving average price is $21.03. RCM Technologies, Inc. has a twelve month low of $15.29 and a twelve month high of $32.05. The stock has a market cap of $218.11 million, a PE ratio of 14.52 and a beta of -0.01. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.54.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently modified their holdings of the business. Qube Research & Technologies Ltd grew its holdings in shares of RCM Technologies by 5.4% during the third quarter. Qube Research & Technologies Ltd now owns 11,187 shares of the business services provider's stock worth $297,000 after purchasing an additional 576 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of RCM Technologies by 44.1% during the second quarter. BNP Paribas Financial Markets now owns 1,892 shares of the business services provider's stock worth $45,000 after purchasing an additional 579 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of RCM Technologies by 28.1% during the third quarter. Bank of America Corp DE now owns 4,166 shares of the business services provider's stock worth $111,000 after purchasing an additional 915 shares in the last quarter. Ritholtz Wealth Management grew its holdings in shares of RCM Technologies by 3.2% during the fourth quarter. Ritholtz Wealth Management now owns 42,724 shares of the business services provider's stock worth $873,000 after purchasing an additional 1,333 shares in the last quarter. Finally, Ballast Asset Management LP grew its holdings in shares of RCM Technologies by 1.0% during the third quarter. Ballast Asset Management LP now owns 139,859 shares of the business services provider's stock worth $3,713,000 after purchasing an additional 1,348 shares in the last quarter. Hedge funds and other institutional investors own 43.20% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on RCMT shares. Benchmark upped their price target on RCM Technologies from $32.00 to $36.00 and gave the company a "buy" rating in a research report on Wednesday, April 8th. Wall Street Zen upgraded RCM Technologies from a "buy" rating to a "strong-buy" rating in a research report on Saturday, April 11th. Zacks Research upgraded RCM Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday, April 13th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of RCM Technologies in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $36.00.
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About RCM Technologies
(
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RCM Technologies, Inc (NASDAQ: RCMT) is an information technology consulting firm that specializes in delivering secure, enterprise-level technology solutions. The company's core offerings include IT infrastructure design and integration, data center modernization, cloud migration and management, cybersecurity services, and digital collaboration platforms. RCM Technologies serves clients across federal and commercial markets, tailoring its services to meet the strict security and compliance requirements of government agencies as well as the performance and scalability needs of private-sector organizations.
Founded in the mid-1980s and headquartered in Dresher, Pennsylvania, RCM Technologies has built a reputation for end-to-end project delivery, from initial assessment and design through implementation and ongoing managed support.
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