Castellum (NYSEAMERICAN:CTM) Stock Price Down 4.3% After Insider Selling

Key Points

• Castellum, Inc. (NYSEAMERICAN:CTM) shares fell by 4.3% after General Counsel Jay O. Wright sold 46,473 shares, resulting in a total transaction of approximately $50,190.
• The company's stock trading volume decreased by 24% from the average daily volume, with only 1,731,792 shares changing hands during this decline.
• Several institutional investors have recently acquired new positions in Castellum, with ownership by institutional and hedge fund entities now at 3.39% of the company's stock.

Shares of Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) traded down 4.3% on Wednesday after an insider sold shares in the company. The stock traded as low as $1.07 and last traded at $1.10. 1,731,792 shares changed hands during trading, a decline of 24% from the average session volume of 2,283,014 shares. The stock had previously closed at $1.15.

Specifically, General Counsel Jay O. Wright sold 46,473 shares of the business's stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $1.08, for a total transaction of $50,190.84. Following the sale, the general counsel directly owned 8,477,200 shares of the company's stock, valued at $9,155,376. The trade was a 0.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Castellum Price Performance

The business has a 50 day moving average price of $1.17 and a 200-day moving average price of $1.09. The company has a market capitalization of $102.30 million, a price-to-earnings ratio of -13.75 and a beta of -10.02. The company has a debt-to-equity ratio of 0.13, a quick ratio of 3.62 and a current ratio of 3.62.

Hedge Funds Weigh In On Castellum

Several institutional investors have recently made changes to their positions in the stock. XTX Topco Ltd acquired a new position in Castellum during the 1st quarter valued at about $69,000. Cubist Systematic Strategies LLC bought a new position in shares of Castellum in the first quarter valued at approximately $72,000. Savvy Advisors Inc. purchased a new position in shares of Castellum during the second quarter valued at approximately $201,000. Jane Street Group LLC bought a new stake in Castellum during the second quarter worth $204,000. Finally, Inscription Capital LLC purchased a new stake in Castellum in the 1st quarter valued at $265,000. Institutional investors and hedge funds own 3.39% of the company's stock.

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.

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