Castellum (NYSEAMERICAN:CTM) Trading Up 1.4% - Here's Why

Key Points

• Castellum, Inc. shares increased by 1.4% to $0.94, with a significant decline in trading volume of 49% compared to its average daily volume.
• Insider trading activity included Jay O. Wright selling 46,473 shares for about $50,190 and Mark C. Fuller selling 500,000 shares valued at $560,000.
• Institutional investors have shown interest, with firms like Geode Capital Management increasing their stake by 43.2% during the second quarter.

Shares of Castellum, Inc. (NYSEAMERICAN:CTM - ) were up 1.4% on Thursday . The stock traded as high as $0.94 and last traded at $0.94. Approximately 1,219,767 shares changed hands during trading, a decline of 49% from the average daily volume of 2,403,673 shares. The stock had previously closed at $0.92.

Castellum Stock Performance

The firm has a 50 day moving average of $1.07 and a two-hundred day moving average of $1.09. The stock has a market cap of $87.23 million, a PE ratio of -11.73 and a beta of -10.01. The company has a debt-to-equity ratio of 0.13, a current ratio of 3.62 and a quick ratio of 3.62.

Insider Activity at Castellum

In related news, General Counsel Jay O. Wright sold 46,473 shares of the business's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $1.08, for a total transaction of $50,190.84. Following the completion of the sale, the general counsel owned 8,477,200 shares in the company, valued at $9,155,376. The trade was a 0.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark C. Fuller sold 500,000 shares of the business's stock in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $1.12, for a total value of $560,000.00. Following the sale, the insider owned 6,113,659 shares of the company's stock, valued at approximately $6,847,298.08. The trade was a 7.56% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 897,473 shares of company stock valued at $985,491. 29.79% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Meridian Wealth Management LLC increased its position in Castellum by 6.2% during the second quarter. Meridian Wealth Management LLC now owns 616,800 shares of the company's stock worth $648,000 after buying an additional 36,000 shares during the period. XTX Topco Ltd acquired a new position in Castellum during the first quarter worth approximately $69,000. Cubist Systematic Strategies LLC acquired a new position in Castellum during the first quarter worth approximately $72,000. Geode Capital Management LLC increased its position in Castellum by 43.2% during the second quarter. Geode Capital Management LLC now owns 599,198 shares of the company's stock worth $629,000 after buying an additional 180,673 shares during the period. Finally, Savvy Advisors Inc. acquired a new position in Castellum during the second quarter worth approximately $201,000. 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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