Rank One Computing (NASDAQ:ROC) Major Shareholder Scott Jeffrey Klum Sells 1,200,000 Shares of Stock

Rank One Computing Corp. (NASDAQ:ROC) major shareholder Scott Jeffrey Klum sold 1,200,000 shares of the firm’s stock in a transaction on Wednesday, September 30th. The shares were sold at an average price of $3.42, for a total value of $4,104,000.00. Following the transaction, the insider owned 1,752,560 shares in the company, valued at approximately $5,993,755.20. This represents a 40.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Rank One Computing Stock Up 1.0%

Shares of ROC stock traded up $0.04 on Friday, hitting $4.09. The stock had a trading volume of 33,938 shares, compared to its average volume of 57,491. Rank One Computing Corp. has a one year low of $3.71 and a one year high of $7.80. The business has a 50 day moving average price of $4.31 and a 200 day moving average price of $5.15. The company has a market cap of $78.04 million and a PE ratio of -18.59.

Rank One Computing (NASDAQ:ROC) last issued its earnings results on Thursday, August 13th. The company reported ($0.04) earnings per share (EPS) for the quarter. The business had revenue of $5.09 million for the quarter.

Analyst Upgrades and Downgrades

ROC has been the subject of a number of analyst reports. Craig Hallum began coverage on Rank One Computing in a report on Monday. They set a “buy” rating and a $6.50 target price for the company. Benchmark reissued a “buy” rating on shares of Rank One Computing in a research report on Friday, August 14th. Finally, Weiss Ratings upgraded Rank One Computing from a “sell (e-)” rating to a “sell (e)” rating in a research note on Monday, August 3rd. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $7.75.

About Rank One Computing

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.