Castellum (NYSEAMERICAN:CTM) Upgraded at Maxim Group

Maxim Group upgraded shares of Castellum (NYSEAMERICAN:CTM - Free Report) to a strong-buy rating in a report released on Thursday, April 24th, MarketBeat reports. Maxim Group currently has $3.00 price target on the stock.

Castellum Price Performance

Shares of CTM traded down $0.02 during mid-day trading on Thursday, hitting $0.96. The company's stock had a trading volume of 312,341 shares, compared to its average volume of 3,613,794. The firm has a 50-day moving average price of $1.02 and a 200 day moving average price of $0.68. The stock has a market capitalization of $67.14 million, a price-to-earnings ratio of -5.65 and a beta of -12.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. Castellum has a fifty-two week low of $0.12 and a fifty-two week high of $2.83.

Insider Activity at Castellum

In other news, Director Mark C. Fuller sold 275,000 shares of the stock in a transaction on Wednesday, March 5th. The stock was sold at an average price of $1.49, for a total value of $409,750.00. Following the completion of the sale, the director now owns 7,338,659 shares in the company, valued at $10,934,601.91. This represents a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 45.55% of the stock is owned by insiders.

Institutional Trading of Castellum

Several hedge funds and other institutional investors have recently modified their holdings of CTM. Bank of New York Mellon Corp bought a new position in Castellum during the fourth quarter valued at about $2,456,000. Jane Street Group LLC grew its position in Castellum by 2,180.2% during the fourth quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock worth $898,000 after buying an additional 429,310 shares in the last quarter. Geode Capital Management LLC grew its position in Castellum by 49.9% during the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock worth $599,000 after buying an additional 99,714 shares in the last quarter. Inscription Capital LLC bought a new position in Castellum during the first quarter worth about $265,000. Finally, PKS Advisory Services LLC bought a new position in Castellum during the fourth quarter worth about $84,000. 3.39% of the stock is currently owned by hedge funds and other 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.