Shares of Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) fell 5.4% during trading on Monday . The stock traded as low as $0.87 and last traded at $0.88. 651,900 shares changed hands during trading, a decline of 82% from the average session volume of 3,607,300 shares. The stock had previously closed at $0.93.
Analysts Set New Price Targets
CTM has been the subject of several analyst reports. Maxim Group set a $3.00 price objective on shares of Castellum and gave the stock a "buy" rating in a research note on Thursday. UBS Group raised Castellum from a "strong sell" rating to a "hold" rating in a research report on Wednesday.
Check Out Our Latest Stock Analysis on Castellum
Castellum Trading Up 1.3 %
The firm's fifty day simple moving average is $1.03 and its 200 day simple moving average is $0.67. The stock has a market capitalization of $70.64 million, a P/E ratio of -5.94 and a beta of -12.75. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.11 and a current ratio of 1.11.
Insiders Place Their Bets
In related news, Director Mark C. Fuller sold 275,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $1.49, for a total transaction of $409,750.00. Following the sale, the director now owns 7,338,659 shares of the company's stock, valued at $10,934,601.91. This trade represents a 3.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 45.55% of the company's stock.
Institutional Trading of Castellum
Institutional investors and hedge funds have recently bought and sold shares of the stock. Bank of New York Mellon Corp bought a new position in Castellum during the fourth quarter worth $2,456,000. PKS Advisory Services LLC bought a new position in shares of Castellum in the 4th quarter worth about $84,000. Inscription Capital LLC acquired a new position in shares of Castellum in the 1st quarter valued at about $265,000. Jane Street Group LLC boosted its position in shares of Castellum by 2,180.2% during 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 in the last quarter. Finally, Geode Capital Management LLC boosted its position 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 valued at $599,000 after purchasing an additional 99,714 shares in the last quarter. 3.39% of the stock is currently owned by institutional investors and hedge funds.
About Castellum
(
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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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