Stone Point Capital Llc Purchases 22,435 Shares of HireRight Holdings Co. (NYSE:HRT) Stock

HireRight Holdings Co. (NYSE:HRT – Get Rating) Director Stone Point Capital Llc acquired 22,435 shares of HireRight stock in a transaction on Friday, May 27th. The shares were purchased at an average price of $14.49 per share, for a total transaction of $325,083.15. Following the completion of the acquisition, the director now directly owns 10,874,832 shares in the company, valued at $157,576,315.68. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website.
Stone Point Capital Llc also recently made the following trade(s):
- On Wednesday, May 25th, Stone Point Capital Llc bought 130,531 shares of HireRight stock. The shares were bought at an average cost of $13.89 per share, for a total transaction of $1,813,075.59.
Shares of HireRight stock traded up $0.10 on Friday, hitting $14.50. The company’s stock had a trading volume of 163,514 shares, compared to its average volume of 297,777. HireRight Holdings Co. has a 1 year low of $10.66 and a 1 year high of $19.46. The firm has a fifty day moving average price of $15.96 and a 200-day moving average price of $15.00.
HireRight (NYSE:HRT – Get Rating) last posted its quarterly earnings data on Monday, March 21st. The company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.06 by $0.23. The firm had revenue of $198.53 million for the quarter, compared to analysts’ expectations of $183.46 million.
Institutional investors have recently modified their holdings of the company. Strs Ohio acquired a new position in shares of HireRight during the 4th quarter worth approximately $83,000. Searle & CO. acquired a new position in shares of HireRight during the 4th quarter worth approximately $568,000. General Atlantic L.P. acquired a new position in HireRight in the fourth quarter valued at approximately $475,518,000. Artemis Investment Management LLP acquired a new position in HireRight in the fourth quarter valued at approximately $12,935,000. Finally, Massachusetts Financial Services Co. MA acquired a new position in HireRight in the fourth quarter valued at approximately $26,621,000.
HRT has been the subject of a number of recent analyst reports. Credit Suisse Group lowered their price objective on HireRight from $26.00 to $21.00 and set an “outperform” rating for the company in a research report on Tuesday, March 22nd. StockNews.com raised HireRight from a “sell” rating to a “hold” rating in a research report on Saturday, March 26th. Barclays lowered their price target on HireRight from $30.00 to $22.00 and set an “overweight” rating for the company in a research report on Wednesday, March 16th. The Goldman Sachs Group lowered their price target on HireRight from $35.00 to $31.00 and set a “buy” rating for the company in a research report on Tuesday, March 22nd. Finally, Truist Financial lifted their price target on HireRight to $18.00 and gave the stock a “na” rating in a research report on Monday, May 16th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $22.88.
About HireRight (Get Rating)
HireRight Holdings Corporation provides technology-driven workforce risk management and compliance solutions worldwide. The company offers background screening, verification, identification, monitoring, and drug and health screening services for customers. It provides its services through software and data platform that integrates into its customers’ human capital management systems enabling workflows for workforce hiring, onboarding, and monitoring.
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