Cantaloupe (NASDAQ:CTLP) CTO Sells $154,311.84 in Stock

Key Points

• Cantaloupe, Inc. (CTLP) CTO Gaurav Singal sold $154,311.84 worth of stock by liquidating 14,544 shares, reducing his ownership by 35.88%.
• The company’s stock traded down 0.3%, closing at $10.56, with a market capitalization of $774.79 million.
• Analysts have downgraded Cantaloupe's stock multiple times, with the average rating being "Hold" and a target price of $12.55.

Cantaloupe, Inc. (NASDAQ:CTLP - Get Free Report) CTO Gaurav Singal sold 14,544 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $10.61, for a total transaction of $154,311.84. Following the sale, the chief technology officer directly owned 25,989 shares in the company, valued at $275,743.29. The trade was a 35.88% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Gaurav Singal also recently made the following trade(s):

• On Thursday, September 18th, Gaurav Singal sold 200,000 shares of Cantaloupe stock. The shares were sold at an average price of $10.63, for a total value of $2,126,000.00.

Cantaloupe Trading Down 0.3%

CTLP stock traded down $0.03 during trading on Wednesday, hitting $10.56. 964,118 shares of the company traded hands, compared to its average volume of 1,272,625. The firm has a market capitalization of $774.79 million, a PE ratio of 13.37 and a beta of 1.09. The company has a 50-day moving average of $10.92 and a 200-day moving average of $9.52. Cantaloupe, Inc. has a 1 year low of $7.01 and a 1 year high of $11.36. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 1.86.

Institutional Trading of Cantaloupe

Institutional investors have recently modified their holdings of the company. ProShare Advisors LLC grew its position in Cantaloupe by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 16,449 shares of the technology company's stock worth $156,000 after purchasing an additional 5,412 shares during the last quarter. Rhumbline Advisers grew its holdings in shares of Cantaloupe by 3.4% during the first quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock valued at $659,000 after buying an additional 2,725 shares during the last quarter. Ameriprise Financial Inc. increased its position in shares of Cantaloupe by 8.2% in the 4th quarter. Ameriprise Financial Inc. now owns 93,280 shares of the technology company's stock valued at $887,000 after acquiring an additional 7,083 shares during the period. Squarepoint Ops LLC purchased a new position in Cantaloupe in the 4th quarter worth $821,000. Finally, Nuveen Asset Management LLC raised its stake in Cantaloupe by 102.7% in the 4th quarter. Nuveen Asset Management LLC now owns 900,201 shares of the technology company's stock worth $8,561,000 after acquiring an additional 456,199 shares during the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CTLP has been the topic of several analyst reports. William Blair cut shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a research note on Monday, June 16th. Barrington Research cut Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. Benchmark lowered Cantaloupe from a "buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Craig Hallum lowered Cantaloupe from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, June 17th. Finally, B. Riley lowered Cantaloupe from a "buy" rating to a "neutral" rating and dropped their target price for the company from $11.50 to $11.20 in a research report on Tuesday, June 17th. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $12.55.

About Cantaloupe

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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