CastleKnight Management LP Sells 87,400 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

CastleKnight Management LP trimmed its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 423,800 shares of the technology company's stock after selling 87,400 shares during the period. CastleKnight Management LP owned about 0.58% of Cantaloupe worth $4,030,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Harvest Fund Management Co. Ltd acquired a new stake in shares of Cantaloupe in the fourth quarter worth $40,000. Parkside Financial Bank & Trust acquired a new stake in shares of Cantaloupe in the fourth quarter valued at about $47,000. New York State Common Retirement Fund increased its stake in shares of Cantaloupe by 75.8% in the fourth quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock worth $75,000 after purchasing an additional 3,400 shares during the period. BNP Paribas Financial Markets acquired a new position in shares of Cantaloupe during the 4th quarter worth about $77,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in Cantaloupe in the 4th quarter valued at approximately $91,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms recently weighed in on CTLP. Benchmark increased their target price on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research note on Wednesday, February 26th. Barrington Research reissued an "outperform" rating and issued a $14.00 target price on shares of Cantaloupe in a report on Thursday, March 27th.

Cantaloupe Stock Down 6.9 %

CTLP traded down $0.57 on Friday, hitting $7.70. 1,507,585 shares of the company were exchanged, compared to its average volume of 404,732. The company has a market cap of $562.37 million, a PE ratio of 38.50 and a beta of 1.08. Cantaloupe, Inc. has a 12 month low of $5.82 and a 12 month high of $11.36. The stock's fifty day moving average is $7.88 and its 200-day moving average is $8.78. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.12 and a current ratio of 1.81.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its earnings results on Thursday, May 8th. The technology company reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by ($0.02). Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. The firm had revenue of $75.43 million during the quarter, compared to analyst estimates of $79.83 million. Equities research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Cantaloupe Profile

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.