HireRight Holdings (NYSE:HRT) shares gained nearly 6% in Tuesday’s extended trade after two corporate insiders disclosed having purchased HRT stock worth $14 million. HireRight provides technology-driven workforce risk management and compliance solutions.
General Atlantic Genpar (Bermuda), L.P., a director, and more than 10% owner of HRT stock, bought 591,824 shares of the company for a total value of $7.01 million. The performance track record of General Atlantic Genpar shows a 25% success rate in 4 transactions so far, with an average negative return of 10.1% per transaction.
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General Atlantic Llc, another director which more than 10% ownership of HireRight’s shares, made a similar Buy transaction. The insider has a success rate of 39% in the 46 transactions performed, but the average return per transaction remains negative.
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Our data show that both insiders have been increasing their holdings in HRT stock this month. Individually, the total value of holdings now stands at about $354.4 million.
Overall, TipRanks’ Insider Trading Activity Tool shows that insider confidence in HireRight stock is currently Very Positive. Corporate insiders have bought HRT shares worth $31.6 million over the last three months.
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TipRanks offers daily insider transactions and a list of top corporate insiders. It also provides a list of hot stocks that boast either a Very Positive or Positive insider confidence signal.
Is HRT a Good Stock to Buy?
On TipRanks, HRT stock has a Moderate Buy consensus rating based on four Buys and four Holds. The average HireRight stock price target of $12.95 implies 14.4% upside potential. The stock is down more than 30% so far this year.
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