Key Points
- Castellum COO Andrew Merriman purchased 50,000 shares at an average price of $0.62, investing $31,000 and increasing his direct stake by 9.28% to 588,531 shares.
- Castellum shares opened at $0.60, near the lower end of their $0.48–$1.36 12-month range. The company recently reported a quarterly loss of $0.01 per share and revenue of $13.86 million, both below analyst expectations.
- Analyst coverage remains cautious, with Zacks Research upgrading the stock to “hold” and the consensus rating standing at Hold; institutional investors own 3.39% of the company.
Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) COO Andrew Merriman purchased 50,000 shares of the stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $0.62 per share, for a total transaction of $31,000.00. Following the transaction, the chief operating officer directly owned 588,531 shares of the company's stock, valued at $364,889.22. This represents a 9.28% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Castellum Price Performance
Castellum stock opened at $0.60 on Thursday. The stock has a market capitalization of $56.86 million, a PE ratio of -29.99 and a beta of -6.62. The business has a 50 day simple moving average of $0.65 and a 200-day simple moving average of $0.71. Castellum, Inc. has a 12 month low of $0.48 and a 12 month high of $1.36.
Castellum (NYSEAMERICAN:CTM - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.01 by ($0.02). Castellum had a negative net margin of 4.13% and a negative return on equity of 6.32%. The company had revenue of $13.86 million during the quarter, compared to analyst estimates of $16.00 million.
Institutional Trading of Castellum
Several large investors have recently made changes to their positions in CTM. Two Sigma Securities LLC raised its stake in Castellum by 166.3% in the 2nd quarter. Two Sigma Securities LLC now owns 40,530 shares of the company's stock valued at $29,000 after purchasing an additional 25,308 shares during the last quarter. Inspire Advisors LLC acquired a new stake in Castellum during the 4th quarter worth $38,000. Cubist Systematic Strategies LLC acquired a new stake in Castellum during the 1st quarter worth $72,000. Two Sigma Investments LP boosted its stake in Castellum by 135.1% during the 3rd 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 last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in shares of Castellum during the third quarter worth $103,000. 3.39% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Zacks Research upgraded shares of Castellum to a "hold" rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat.com, Castellum has a consensus rating of "Hold".
Read Our Latest Stock Report on CTM
Castellum Company Profile
(
Get Free Report)
Castellum AB is a Sweden‐based real estate company specializing in the ownership, management and development of commercial properties. The company's primary focus is on office premises and logistics facilities situated in attractive growth regions across Sweden and the broader Öresund area. With a strategic emphasis on long‐term leases and strong tenant relationships, Castellum aims to deliver stable rental income and capital appreciation over time.
Founded in 1940 and headquartered in Gothenburg, Castellum has grown through a combination of land acquisitions, property development and selective portfolio divestments.
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