CPS Technologies (NASDAQ:CPSH) Director Acquires $75,000.00 in Stock

Key Points

• CPS Technologies Director Ivo James Cavoli recently purchased 25,000 shares of the company's stock for $75,000, increasing his total ownership to 49,185 shares, a 103.37% increase in his position.
• CPS Technologies stock rose 12.4% to $3.98, with a significant trading volume of 471,735 shares compared to its average volume of 121,938.
• Institutional investors have increased their stakes in CPS Technologies, with Citadel Advisors lifting its position by 18.3% and multiple firms making new investments in recent months.

CPS Technologies Corp. (NASDAQ:CPSH - Get Free Report) Director Ivo James Cavoli bought 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The stock was bought at an average price of $3.00 per share, with a total value of $75,000.00. Following the completion of the acquisition, the director owned 49,185 shares of the company's stock, valued at $147,555. This trade represents a 103.37% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Ivo James Cavoli also recently made the following trade(s):

• On Wednesday, August 20th, Ivo James Cavoli bought 1,500 shares of CPS Technologies stock. The stock was purchased at an average cost of $3.03 per share, with a total value of $4,545.00.
• On Monday, August 11th, Ivo James Cavoli bought 2,767 shares of CPS Technologies stock. The stock was purchased at an average cost of $2.88 per share, with a total value of $7,968.96.
• On Friday, August 8th, Ivo James Cavoli purchased 6,425 shares of CPS Technologies stock. The stock was bought at an average price of $2.74 per share, for a total transaction of $17,604.50.
• On Friday, August 8th, Ivo James Cavoli purchased 233 shares of CPS Technologies stock. The stock was bought at an average price of $2.85 per share, for a total transaction of $664.05.

CPS Technologies Stock Up 12.4%

CPSH stock traded up $0.44 during trading on Thursday, hitting $3.98. The company had a trading volume of 471,735 shares, compared to its average volume of 121,938. The firm has a market cap of $57.83 million, a PE ratio of -33.16 and a beta of 1.61. CPS Technologies Corp. has a 1-year low of $1.38 and a 1-year high of $4.33. The firm has a 50-day moving average price of $3.37 and a 200-day moving average price of $2.61.

CPS Technologies (NASDAQ:CPSH - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The electronics maker reported $0.01 earnings per share (EPS) for the quarter. The firm had revenue of $8.08 million for the quarter. CPS Technologies had a negative return on equity of 12.35% and a negative net margin of 7.13%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in CPSH. Citadel Advisors LLC lifted its stake in shares of CPS Technologies by 18.3% during the 4th quarter. Citadel Advisors LLC now owns 37,171 shares of the electronics maker's stock worth $60,000 after purchasing an additional 5,751 shares during the period. XTX Topco Ltd purchased a new position in shares of CPS Technologies during the 1st quarter worth $32,000. Finally, Jane Street Group LLC purchased a new position in shares of CPS Technologies during the 2nd quarter worth $98,000. Hedge funds and other institutional investors own 11.18% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Wall Street Zen upgraded CPS Technologies to a "hold" rating in a research report on Saturday, July 12th. Weiss Ratings reiterated a "sell (d-)" rating on shares of CPS Technologies in a research report on Wednesday. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock has an average rating of "Sell".

About CPS Technologies

CPS Technologies Corporation provides advanced material solutions to the transportation, automotive, energy, computing/internet, telecommunication, aerospace, defense, and oil and gas markets in the United States, Europe, and Asia. The company offers metal matrix composites such as baseplates for various applications, including motor controllers used in electric trains, subway cars, wind turbines, and hybrid and electric vehicles; hermetic packages for use in radar, satellite, and avionics applications; baseplates and housings used in modules built with wide band gap semiconductors; and lids and heat spreaders for use in internet switches and routers.

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