Key Points
- CFO Gayle Michelle Jardine sold 2,256 shares on March 19 at an average price of $12.59 for $28,403.04, cutting her ownership by 47.43% to 2,500 shares (about $31,475).
- Coda Octopus beat quarterly estimates, reporting $0.08 EPS vs. $0.06 expected and $6.71M in revenue vs. $6.23M, while the stock trades near $12.22 with a market cap of roughly $137.8M.
Coda Octopus Group Inc. (NASDAQ:CODA - Get Free Report) CFO Gayle Michelle Jardine sold 2,256 shares of Coda Octopus Group stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $12.59, for a total transaction of $28,403.04. Following the transaction, the chief financial officer directly owned 2,500 shares in the company, valued at approximately $31,475. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Coda Octopus Group Stock Down 1.3%
Shares of CODA opened at $12.22 on Friday. The company has a market cap of $137.79 million, a price-to-earnings ratio of 33.94 and a beta of 0.54. Coda Octopus Group Inc. has a twelve month low of $5.97 and a twelve month high of $17.28. The company has a 50 day moving average of $12.86 and a two-hundred day moving average of $10.56.
Coda Octopus Group (NASDAQ:CODA - Get Free Report) last announced its earnings results on Tuesday, March 17th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.06 by $0.02. The company had revenue of $6.71 million during the quarter, compared to the consensus estimate of $6.23 million. Coda Octopus Group had a net margin of 14.78% and a return on equity of 7.17%.
Analyst Upgrades and Downgrades
Several equities research analysts have weighed in on CODA shares. Wall Street Zen downgraded shares of Coda Octopus Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Coda Octopus Group in a research note on Monday, December 29th. Finally, Alliance Global Partners restated a "buy" rating on shares of Coda Octopus Group in a research note on Monday, February 9th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, Coda Octopus Group has a consensus rating of "Moderate Buy".
View Our Latest Report on CODA
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quadrature Capital Ltd acquired a new position in Coda Octopus Group during the fourth quarter valued at $104,000. Trexquant Investment LP acquired a new position in Coda Octopus Group during the fourth quarter valued at $106,000. Rothschild Wealth LLC acquired a new position in Coda Octopus Group during the fourth quarter valued at $625,000. Marshall Wace LLP lifted its position in Coda Octopus Group by 79.6% during the fourth quarter. Marshall Wace LLP now owns 158,232 shares of the company's stock valued at $1,472,000 after purchasing an additional 70,146 shares during the period. Finally, Archon Capital Management LLC acquired a new position in Coda Octopus Group during the fourth quarter valued at $1,395,000. 20.12% of the stock is currently owned by institutional investors and hedge funds.
About Coda Octopus Group
(
Get Free Report)
Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company's product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.
The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.
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