RedCloud (NASDAQ:RCT) Director Nikolaus Beat Senn Acquires 2,500,000 Shares

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

RedCloud Stock Performance

RedCloud stock opened at $0.22 on Thursday. The firm has a 50-day moving average price of $0.23 and a 200-day moving average price of $0.56. RedCloud Holdings plc has a 12-month low of $0.17 and a 12-month high of $2.39.

Institutional Inflows and Outflows

An institutional investor recently raised its position in RedCloud stock. UBS Group AG boosted its stake in shares of RedCloud Holdings plc (NASDAQ:RCT) by 2,359.8% in the third quarter, according to 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 buying an additional 315,016 shares during the quarter. UBS Group AG owned approximately 0.83% of RedCloud worth $594,000 as of its most recent SEC filing.

Analyst Ratings Changes

Separately, Weiss Ratings reissued a “sell (e+)” rating on shares of RedCloud in a research note 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’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price 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.