Castellum (NYSEAMERICAN:CTM) Upgraded at UBS Group

Castellum (NYSEAMERICAN:CTM - Get Free Report) was upgraded by equities research analysts at UBS Group from a "strong sell" rating to a "hold" rating in a report released on Wednesday, April 23rd,Zacks.com reports.

Separately, Maxim Group set a $3.00 target price on shares of Castellum and gave the stock a "buy" rating in a research report on Thursday, April 24th.

Castellum Price Performance

CTM stock traded down $0.02 during mid-day trading on Wednesday, hitting $0.96. The stock had a trading volume of 312,341 shares, compared to its average volume of 3,613,794. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. Castellum has a 52 week low of $0.12 and a 52 week high of $2.83. The firm has a market capitalization of $67.14 million, a P/E ratio of -5.65 and a beta of -12.75. The firm has a fifty day simple moving average of $1.02 and a 200 day simple moving average of $0.68.

Insiders Place Their Bets

In other news, Director Mark C. Fuller sold 275,000 shares of the company'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 transaction, the director now directly owns 7,338,659 shares of the company's stock, valued at $10,934,601.91. This represents a 3.61 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 45.55% of the company's stock.

Institutional Trading of Castellum

Several large investors have recently added to or reduced their stakes in CTM. Bank of New York Mellon Corp purchased a new position in Castellum during the fourth quarter valued at 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 valued at $898,000 after purchasing an additional 429,310 shares in the last quarter. Geode Capital Management LLC raised its stake in Castellum by 49.9% during the fourth 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. Inscription Capital LLC purchased a new stake in Castellum during the first quarter valued at $265,000. Finally, PKS Advisory Services LLC bought a new position in Castellum during the fourth quarter valued at $84,000. 3.39% of the stock is currently 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.