Key Points
- CFO Scott Matthew Stewart sold 62,830 shares on Sept. 18 at an average price of $10.63 for about $667,882.90, cutting his position by 54.24% to 53,009 shares.
- Cantaloupe trades around $10.57 with a market cap of roughly $778.6M and a P/E of 13.37, and institutional investors own about 75.75% of the company.
- Wall Street consensus is a "Reduce" rating (seven Holds, one Sell) with an average target price of $12.73.
Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) CFO Scott Matthew Stewart sold 62,830 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $10.63, for a total transaction of $667,882.90. Following the transaction, the chief financial officer owned 53,009 shares in the company, valued at approximately $563,485.67. The trade was a 54.24% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cantaloupe Stock Down 0.1%
NASDAQ CTLP opened at $10.57 on Friday. The company has a current ratio of 1.86, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $778.61 million, a price-to-earnings ratio of 13.37 and a beta of 1.07. The company has a 50 day moving average of $10.61 and a 200-day moving average of $10.35. Cantaloupe, Inc. has a 1-year low of $7.01 and a 1-year high of $11.36.
Hedge Funds Weigh In On Cantaloupe
Several hedge funds and other institutional investors have recently modified their holdings of CTLP. State of Alaska Department of Revenue acquired a new position in shares of Cantaloupe during the 3rd quarter worth $32,000. Osaic Holdings Inc. boosted its stake in Cantaloupe by 136.2% in the second quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company's stock valued at $52,000 after buying an additional 2,737 shares in the last quarter. Russell Investments Group Ltd. grew its position in Cantaloupe by 2,824.0% in the third quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company's stock valued at $55,000 after acquiring an additional 5,055 shares during the last quarter. US Bancorp DE raised its stake in Cantaloupe by 142.2% during the third quarter. US Bancorp DE now owns 5,667 shares of the technology company's stock worth $60,000 after acquiring an additional 3,327 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted 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 last quarter. Institutional investors own 75.75% of the company's stock.
Wall Street Analyst Weigh In
CTLP has been the subject of several analyst reports. Zacks Research raised Cantaloupe from a "strong sell" rating to a "hold" rating in a report on Tuesday. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cantaloupe in a research note on Wednesday. Seven research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cantaloupe currently has a consensus rating of "Reduce" and an average target price of $12.73.
View Our Latest Analysis on CTLP
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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