Castellum (NYSEAMERICAN:CTM) Stock Price Down 0.8% - Here's What Happened

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report)'s share price was down 0.8% on Thursday . The company traded as low as $1.17 and last traded at $1.21. Approximately 1,610,643 shares changed hands during trading, a decline of 59% from the average daily volume of 3,947,059 shares. The stock had previously closed at $1.22.

Wall Street Analysts Forecast Growth

CTM has been the subject of several research reports. UBS Group raised shares of Castellum from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd. 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.

Castellum Price Performance

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 $109.27 million, a price-to-earnings ratio of -11.55 and a beta of -9.99. The business's fifty day simple moving average is $1.08 and its 200 day simple moving average is $0.92.

Insider Transactions at Castellum

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CTM. Bank of New York Mellon Corp bought a new position in shares of Castellum during the fourth quarter valued at about $2,456,000. PKS Advisory Services LLC bought a new stake in Castellum in the fourth quarter worth about $84,000. Geode Capital Management LLC raised its position in Castellum by 49.9% in the fourth 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 period. Jane Street Group LLC raised its position in Castellum by 2,180.2% in the fourth quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock worth $898,000 after acquiring an additional 429,310 shares during the period. Finally, Inscription Capital LLC bought a new stake in Castellum in the first quarter worth about $265,000. 3.39% of the stock is owned by institutional investors.

About Castellum

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.