Nikolaus Beat Senn Purchases 2,500,000 Shares of RedCloud (NASDAQ:RCT) Stock

RedCloud Holdings plc (NASDAQ:RCT) Director Nikolaus Beat Senn purchased 2,500,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The stock was acquired at an average price of $0.25 per share, for a total transaction of $625,000.00. Following the acquisition, the director directly owned 10,151,524 shares of the company’s stock, valued at $2,537,881. This trade represents a 32.67% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available through this link.

RedCloud Stock Down 11.4%

Shares of RCT stock opened at $0.20 on Friday. RedCloud Holdings plc has a fifty-two week low of $0.17 and a fifty-two week high of $2.39. The firm’s 50 day moving average price is $0.23 and its two-hundred day moving average price is $0.56.

Hedge Funds Weigh In On RedCloud

An institutional investor recently raised its stake in RedCloud stock. UBS Group AG boosted its stake in RedCloud Holdings plc (NASDAQ:RCT) by 2,359.8% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 328,365 shares of the company’s stock after acquiring an additional 315,016 shares during the quarter. UBS Group AG owned about 0.83% of RedCloud worth $594,000 at the end of the most recent reporting period.

Analyst Ratings Changes

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

RedCloud Company Profile

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.