Background Check Leader Soars 6% Ahead of S&P Small Cap Inclusion

First Advantage Corp. (NASDAQ: FA) closed at $16.58 on June 12, up 6.55% from the prior day. Trading volume rose to 2,208,127 shares, and its market capitalization increased by roughly $199 million to about $2.84 billion.

On June 11, S&P Dow Jones Indices announced that First Advantage will be added to the S&P SmallCap 600 index, effective at the opening of trading on June 16. Meanwhile, board member Clark Lindsey recently disclosed an insider sale of approximately $77,000 worth of shares on June 8 under a Rule 10b5-1 trading plan.

Headquartered in Atlanta, First Advantage provides global employment background checks and digital identity verification solutions, including criminal record screening, education and employment verification, and drug and health testing. For full-year 2025, the company reported revenue of about $1.57 billion, driven by economies of scale gained through its acquisition of Sterling Check and its growth as an HR-tech software and data provider.