Insider Selling: Cantaloupe (NASDAQ:CTLP) CFO Sells 62,830 Shares of Stock
Cantaloupe, Inc.'s CFO, Scott Matthew Stewart, sold 62,830 shares at $10.63 each, totaling $667,882.90, reducing his ownership by 54.24%. Post-transaction, he owns 53,009 shares valued at $563,485.67. The sale was disclosed in an SEC filing. Cantaloupe's stock opened at $10.73, with a market cap of $790.40 million. Analysts have a 'Hold' rating on the stock, with a target price of $12.73. Institutional investors hold 75.75% of the stock.
Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) CFO Scott Matthew Stewart sold 62,830 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.63, for a total transaction of $667,882.90. Following the completion of the transaction, the chief financial officer directly owned 53,009 shares of the company's stock, valued at approximately $563,485.67. The trade was a 54.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Cantaloupe Trading Up 0.2%
CTLP opened at $10.73 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.86 and a debt-to-equity ratio of 0.15. Cantaloupe, Inc. has a 52 week low of $7.01 and a 52 week high of $11.36. The stock has a market cap of $790.40 million, a PE ratio of 13.47 and a beta of 1.07. The business has a 50 day moving average of $10.61 and a 200-day moving average of $10.35.
Analyst Upgrades and Downgrades
A number of analysts have recently commented on CTLP shares. Zacks Research upgraded shares of Cantaloupe from a "strong sell" rating to a "hold" rating in a report on Tuesday. Weiss Ratings reissued a "hold (c)" rating on shares of Cantaloupe in a research note on Thursday, November 13th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $12.73.
Read Our Latest Report on CTLP
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in Cantaloupe during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. grew its position in Cantaloupe by 136.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company's stock worth $52,000 after purchasing an additional 2,737 shares during the period. Russell Investments Group Ltd. raised its stake in Cantaloupe by 2,824.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company's stock valued at $55,000 after buying an additional 5,055 shares during the last quarter. US Bancorp DE boosted its stake in shares of Cantaloupe by 142.2% in the 3rd quarter. US Bancorp DE now owns 5,667 shares of the technology company's stock worth $60,000 after buying an additional 3,327 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company's stock worth $63,000 after acquiring an additional 2,063 shares during the period. 75.75% of the stock is owned by institutional investors.
About Cantaloupe
(Get Free Report)Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.
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