2 weeks Ago By ABMN Staff
Cantaloupe, Inc. ( NASDAQ:CTLP – Get Free Report ) saw a significant decline in short interest in the month of September. As of September 15th, there was short interest totalling 2,250,000 shares, a decline of 5.
5% from the August 31st total of 2,380,000 shares. Currently, 3.4% of the company’s shares are short sold.
Based on an average daily trading volume, of 325,200 shares, the days-to-cover ratio is currently 6.9 days. Insider Buying and Selling In other news, CEO Ravi Venkatesan purchased 8,000 shares of the company’s stock in a transaction on Friday, September 13th.
The stock was acquired at an average price of $6.30 per share, with a total value of $50,400.00.
Following the transaction, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at approximately $860,945.40. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink .
In other Cantaloupe news, Director Douglas Bergeron bought 13,866 shares of Cantaloupe stock in a transaction dated Thursday, September 26th. The shares were purchased at an average cost of $7.15 per share, with a total value of $99,141.
90. Following the completion of the purchase, the director now owns 192,185 shares of the company’s stock, valued at $1,374,122.75.
The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website . Also, CEO Ravi Venkatesan bought 8,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average price of $6.
30 per share, with a total value of $50,400.00. Following the acquisition, the chief executive officer now owns 136,658 shares of the company’s stock, valued at $860,945.
40. The disclosure for this purchase can be found here . Insiders have bought a total of 57,866 shares of company stock valued at $416,302 over the last three months.
4.30% of the stock is owned by company insiders. Institutional Investors Weigh In On Cantaloupe A number of institutional investors have recently modified their holdings of CTLP.
Susquehanna Fundamental Investments LLC boosted its stake in Cantaloupe by 53.2% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after purchasing an additional 17,479 shares in the last quarter.
First Eagle Investment Management LLC bought a new position in shares of Cantaloupe in the second quarter worth approximately $2,276,000. Assenagon Asset Management S.A.
purchased a new stake in shares of Cantaloupe during the second quarter valued at approximately $89,000. Advisory Services Network LLC bought a new stake in shares of Cantaloupe during the fourth quarter valued at approximately $461,000. Finally, Harbor Capital Advisors Inc.
raised its holdings in Cantaloupe by 143.2% in the 2nd quarter. Harbor Capital Advisors Inc.
now owns 82,124 shares of the technology company’s stock worth $542,000 after acquiring an additional 48,356 shares during the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth Get Our Latest Analysis on Cantaloupe Cantaloupe Trading Down 0.3 % Shares of NASDAQ CTLP opened at $7.40 on Tuesday.
Cantaloupe has a 1 year low of $5.74 and a 1 year high of $7.91.
The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.
10. The firm has a 50-day moving average of $6.90 and a 200 day moving average of $6.
65. The stock has a market cap of $538.79 million, a P/E ratio of 46.
25 and a beta of 1.70. Cantaloupe ( NASDAQ:CTLP – Get Free Report ) last released its earnings results on Tuesday, September 10th.
The technology company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by ($0.
02). The business had revenue of $72.66 million for the quarter, compared to analysts’ expectations of $76.
14 million. Cantaloupe had a net margin of 4.47% and a return on equity of 6.
83%. During the same quarter in the previous year, the business posted $0.04 earnings per share.
As a group, sell-side analysts expect that Cantaloupe will post 0.31 EPS for the current fiscal year. 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. Further Reading Receive News & Ratings for Cantaloupe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantaloupe and related companies with MarketBeat.
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