Key Points
- General Counsel Jay Wright sold 160,000 shares on November 13 at an average price of $1.17 for $187,200, trimming his stake by 2.08% to 7,523,973 shares.
- Castellum stock fell about 3.8% to $1.14 on Friday with 917,192 shares traded (vs. average volume ~3.87M) and a market cap of roughly $107.4 million.
- The company reported $0.00 EPS and $14.62 million in quarterly revenue, with a negative net margin of 7.55% and negative ROE of 13.31%, indicating unprofitable operations.
Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) General Counsel Jay Wright sold 60,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $1.18, for a total transaction of $70,800.00. Following the sale, the general counsel owned 7,683,973 shares in the company, valued at approximately $9,067,088.14. This trade represents a 0.77% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Castellum Trading Down 3.0%
CTM stock traded down $0.04 during midday trading on Friday, reaching $1.15. 1,855,240 shares of the company's stock traded hands, compared to its average volume of 3,877,194. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.17 and a quick ratio of 3.62. Castellum, Inc. has a fifty-two week low of $0.15 and a fifty-two week high of $2.83. The business has a 50-day moving average price of $1.10 and a two-hundred day moving average price of $1.11. The company has a market capitalization of $108.33 million, a P/E ratio of -19.08 and a beta of -10.02.
Castellum (NYSEAMERICAN:CTM - Get Free Report) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.00 EPS for the quarter. The business had revenue of $14.62 million for the quarter. Castellum had a negative net margin of 7.55% and a negative return on equity of 13.31%.
Hedge Funds Weigh In On Castellum
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Savvy Advisors Inc. raised its stake in shares of Castellum by 18.8% in the 3rd quarter. Savvy Advisors Inc. now owns 227,000 shares of the company's stock worth $247,000 after buying an additional 35,900 shares in the last quarter. Meridian Wealth Management LLC lifted its holdings in shares of Castellum by 6.2% in the second quarter. Meridian Wealth Management LLC now owns 616,800 shares of the company's stock valued at $648,000 after purchasing an additional 36,000 shares in the last quarter. Two Sigma Investments LP boosted its holdings in shares of Castellum by 135.1% during the third quarter. Two Sigma Investments LP now owns 77,565 shares of the company's stock worth $85,000 after purchasing an additional 44,569 shares during the period. Essex Investment Management Co. LLC increased its stake in Castellum by 3.0% in the 3rd quarter. Essex Investment Management Co. LLC now owns 2,153,617 shares of the company's stock valued at $2,347,000 after buying an additional 63,117 shares during the period. Finally, XTX Topco Ltd acquired a new position in Castellum in the 1st quarter worth about $69,000. 3.39% of the stock is owned by institutional investors.
About Castellum
(
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Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.
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