Castellum (NYSEAMERICAN:CTM) Shares Down 5.9% - Time to Sell?

Key Points

• Castellum's stock price declined by 5.9% on Friday, trading between $1.08 and $1.12, with a significant drop in daily trading volume.
• Analysts have updated their ratings, with UBS raising Castellum from a "strong sell" to a "hold," while Maxim Group set a price target of $3.00 with a "buy" rating.
• Insider selling was notable, with General Counsel Jay O. Wright and Director Mark C. Fuller both reducing their ownership, reflecting potential changes in confidence among company executives.

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report)'s stock price was down 5.9% on Friday . The company traded as low as $1.08 and last traded at $1.12. Approximately 2,774,820 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 3,291,649 shares. The stock had previously closed at $1.19.

Analyst Upgrades and Downgrades

A number of research firms have commented on CTM. Maxim Group set a $3.00 price target on shares of Castellum and gave the stock a "buy" rating in a research report on Thursday, April 24th. UBS Group raised Castellum from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd.

Castellum Price Performance

The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.92 and a current ratio of 2.92. The company has a market cap of $101.96 million, a price-to-earnings ratio of -10.77 and a beta of -10.00. The business has a fifty day moving average price of $1.17 and a 200 day moving average price of $1.06.

Insider Activity at Castellum

In other Castellum news, General Counsel Jay O. Wright sold 259,400 shares of the business's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $1.07, for a total value of $277,558.00. Following the transaction, the general counsel directly owned 9,023,673 shares in the company, valued at $9,655,330.11. The trade was a 2.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Mark C. Fuller sold 500,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $1.05, for a total value of $525,000.00. Following the completion of the transaction, the director owned 6,613,659 shares in the company, valued at approximately $6,944,341.95. The trade was a 7.03% decrease in their position. The disclosure for this sale can be found here. 29.79% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Castellum

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Jane Street Group LLC grew its position in Castellum by 2,180.2% in the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock worth $898,000 after purchasing an additional 429,310 shares during the period. Geode Capital Management LLC boosted its stake in shares of Castellum by 49.9% during the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock worth $599,000 after acquiring an additional 99,714 shares during the last quarter. Inscription Capital LLC bought a new position in Castellum in the 1st quarter worth $265,000. Savvy Advisors Inc. bought a new stake in Castellum during the second quarter valued at about $201,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in Castellum in the 1st quarter worth approximately $72,000. Institutional investors own 3.39% of the company's stock.

Castellum Company Profile

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.