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.
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.
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.
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.
