RCM Technologies CFO Kevin Miller sells $3.48m in shares

RCM Technologies CFO, Kevin D. Miller, sold shares of the company's stock totaling approximately $3.48 million over a period of four days in August 2026. The sales occurred at share prices ranging from $34.00 to $42.09, with transactions executed under a pre-established Rule 10b5-1 trading plan. The timing of these sales coincided with RCM Technologies' stock reaching a 52-week high of $42.04, following a significant 43% increase over the previous week.

Despite this rally, analysts believe the stock is still undervalued. Miller disposed of 94,413 shares, consisting of individual sales and multiple blocks of shares, under the trading plan initiated on August 12, 2024. The sales included specific transactions totaling 4,413 shares on the final day of the period. After the sales, Miller continued to own 333,949 shares of RCM Technologies common stock.

Meanwhile, RCM Technologies reported robust second-quarter results, leading Benchmark to raise its price target from $36 to $45 and maintain a Buy rating. The company's revenue grew by 20% year-over-year, surpassing analyst projections by 13%, and earnings per share increased by 15% to $0.78, exceeding estimates by 11%. These strong results have influenced the revised price target.

Earlier, Benchmark had reiterated a Buy rating with a $36 price target following the company's first-quarter results. Analysts noted the company's energy backlog as a positive factor in the performance.