Castellum (NYSEAMERICAN:CTM) Shares Up 0.9% - What's Next?

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report)'s share price shot up 0.9% on Monday . The stock traded as high as $1.22 and last traded at $1.18. 1,784,528 shares changed hands during trading, a decline of 54% from the average session volume of 3,843,520 shares. The stock had previously closed at $1.17.

Analysts Set New Price Targets

CTM has been the subject of several research reports. Maxim Group set a $3.00 price objective on shares of Castellum and gave the company a "buy" rating in a research note on Thursday, April 24th. UBS Group raised shares of Castellum from a "strong sell" rating to a "hold" rating in a report on Wednesday, April 23rd.

Castellum Trading Down 4.2%

The company has a current ratio of 2.92, a quick ratio of 2.92 and a debt-to-equity ratio of 0.25. The firm has a market cap of $89.05 million, a price-to-earnings ratio of -9.41 and a beta of -10.09. The company has a fifty day moving average price of $1.03 and a 200-day moving average price of $0.80.

Insiders Place Their Bets

In other news, General Counsel Jay O. Wright sold 259,400 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $1.07, for a total value of $277,558.00. Following the completion of the sale, the general counsel now directly owns 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 filing with the Securities & Exchange Commission, which is available through this link. Also, Director Mark C. Fuller sold 500,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $1.05, for a total transaction of $525,000.00. Following the completion of the sale, the director now directly owns 6,613,659 shares of the company's stock, 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. Insiders own 29.79% of the company's stock.

Hedge Funds Weigh In On Castellum

Hedge funds have recently made changes to their positions in the company. Bank of New York Mellon Corp purchased a new position in Castellum in the 4th quarter worth approximately $2,456,000. Jane Street Group LLC raised its stake in Castellum by 2,180.2% during the fourth 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 holdings in Castellum by 49.9% in the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock valued at $599,000 after purchasing an additional 99,714 shares during the last quarter. Inscription Capital LLC acquired a new position in Castellum in the 1st quarter valued at about $265,000. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Castellum in the 1st quarter valued at approximately $72,000. 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.