Key Points
- Major shareholder Scott Jeffrey Klum sold 1.2 million Rank One Computing shares at an average price of $3.42, generating $4.104 million. His remaining stake fell 40.64% to 1,752,560 shares.
- Rank One Computing shares opened at $4.09, with a market capitalization of approximately $78 million; the company recently reported a quarterly loss of $0.04 per share on $5.09 million in revenue.
- Analyst sentiment is mixed: Craig Hallum initiated a Buy rating with a $6.50 target and Benchmark reiterated Buy, while Weiss maintained a Sell-related rating. The consensus rating is Hold, with a $7.75 price target.
Rank One Computing Corp. (NASDAQ:ROC - Get Free Report) major shareholder Scott Jeffrey Klum sold 1,200,000 shares of the business's stock in a transaction dated Wednesday, September 30th. The stock was sold at an average price of $3.42, for a total value of $4,104,000.00. Following the completion of the sale, the insider owned 1,752,560 shares in the company, valued at $5,993,755.20. This represents a 40.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company's shares are required to disclose their sales and purchases with the SEC.
Rank One Computing Trading Up 1.0%
Shares of Rank One Computing stock opened at $4.09 on Friday. The firm has a market cap of $78.04 million and a PE ratio of -18.59. The stock has a 50 day moving average of $4.30 and a 200 day moving average of $5.15. Rank One Computing Corp. has a 12 month low of $3.71 and a 12 month high of $7.80.
Rank One Computing (NASDAQ:ROC - Get Free Report) last released its quarterly earnings data on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $5.09 million during the quarter.
Analyst Ratings Changes
Several brokerages recently weighed in on ROC. Craig Hallum began coverage on shares of Rank One Computing in a research report on Monday, September 28th. They issued a "buy" rating and a $6.50 price target on the stock. Weiss Ratings upgraded shares of Rank One Computing from a "sell (e-)" rating to a "sell (e)" rating in a research report on Monday, August 3rd. Finally, Benchmark reissued a "buy" rating on shares of Rank One Computing in a research note on Friday, August 14th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.75.
View Our Latest Analysis on Rank One Computing
Rank One Computing Company Profile
(
Get Free Report)
Rank One Computing, Inc develops computer-vision and artificial-intelligence software focused on biometric recognition and identity-related applications. Its technology is designed to help organizations analyze images and video, identify individuals or objects, and automate visual data processing.
The company's offerings include facial-recognition and image-matching tools, as well as software intended for use in security, law enforcement, government, and commercial settings. Rank One Computing emphasizes configurable solutions that can be deployed in cloud, on-premises, or edge-computing environments, depending on customer requirements.
Publicly available information about Rank One Computing's corporate history, geographic reach, and leadership is limited.
Further Reading
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