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

RedCloud Holdings plc (NASDAQ:RCT) Director Nikolaus Beat Senn bought 2,500,000 shares of the stock in a transaction that occurred on Thursday, August 27th. The shares were purchased at an average price of $0.25 per share, with a total value of $625,000.00. Following the completion of the acquisition, the director directly owned 10,151,524 shares in the company, valued at $2,537,881. This trade represents a 32.67% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

RedCloud Stock Performance

NASDAQ RCT traded up $0.00 during trading on Wednesday, hitting $0.22. The stock had a trading volume of 5,218,953 shares, compared to its average volume of 3,831,842. The firm has a 50 day moving average price of $0.23 and a 200 day moving average price of $0.57. RedCloud Holdings plc has a twelve month low of $0.17 and a twelve month high of $2.39.

Wall Street Analyst Weigh In

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

Institutional Investors Weigh In On RedCloud

An institutional investor recently bought a new stake in RedCloud stock. XTX Topco Ltd purchased a new stake in RedCloud Holdings plc (NASDAQ:RCT) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 25,457 shares of the company’s stock, valued at approximately $38,000. XTX Topco Ltd owned approximately 0.06% of RedCloud at the end of the most recent reporting period.

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.