Castellum (NYSEAMERICAN:CTM) Shares Down 5.9% - What's Next?

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 share price fell 5.9% on Friday . The company traded as low as $1.08 and last traded at $1.12. 2,774,820 shares changed hands during trading, a decline of 16% from the average session volume of 3,291,649 shares. The stock had previously closed at $1.19.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CTM shares. 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 upgraded shares of Castellum from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 23rd.

Castellum Price Performance

The company's 50-day moving average is $1.17 and its 200-day moving average is $1.05. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.92 and a quick ratio of 2.92. The firm has a market capitalization of $96.36 million, a price-to-earnings ratio of -10.18 and a beta of -10.00.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Castellum

Several institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC increased its holdings in shares of Castellum by 2,180.2% in the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock valued at $898,000 after purchasing an additional 429,310 shares during the period. Geode Capital Management LLC boosted its position in Castellum by 49.9% during the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock worth $599,000 after purchasing an additional 99,714 shares during the period. Inscription Capital LLC bought a new stake in Castellum during the first quarter worth approximately $265,000. Cubist Systematic Strategies LLC bought a new stake in shares of Castellum in the first quarter valued at approximately $72,000. Finally, XTX Topco Ltd bought a new position in Castellum during the first quarter valued at about $69,000. Institutional investors and hedge funds 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.