Cantaloupe, Inc. $CTLP Shares Sold by North Star Investment Management Corp.

Key Points

• North Star Investment Management Corp. reduced its stake in Cantaloupe, Inc. by 66.5%, owning 87,000 shares after selling 172,475 during the second quarter.
• CTO Gaurav Singal sold 14,544 shares of Cantaloupe at an average price of $10.61, marking a 35.88% decrease in his position.
• Several analysts have downgraded Cantaloupe's stock ratings recently, with a consensus rating of "Hold" and an average price target of $12.55.

North Star Investment Management Corp. lessened its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 66.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 87,000 shares of the technology company's stock after selling 172,475 shares during the period. North Star Investment Management Corp. owned 0.12% of Cantaloupe worth $956,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Inspire Investing LLC raised its position in shares of Cantaloupe by 3.5% during the 1st quarter. Inspire Investing LLC now owns 43,167 shares of the technology company's stock worth $340,000 after purchasing an additional 1,470 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cantaloupe by 5.7% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company's stock valued at $238,000 after acquiring an additional 1,622 shares during the last quarter. Rhumbline Advisers raised its holdings in Cantaloupe by 3.4% in the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company's stock valued at $659,000 after acquiring an additional 2,725 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Cantaloupe by 62.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,296 shares of the technology company's stock valued at $80,000 after acquiring an additional 2,803 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Cantaloupe by 6.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 55,992 shares of the technology company's stock valued at $441,000 after acquiring an additional 3,200 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Activity at Cantaloupe

In other news, CTO Gaurav Singal sold 14,544 shares of Cantaloupe stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $10.61, for a total transaction of $154,311.84. Following the sale, the chief technology officer owned 25,989 shares of the company's stock, valued at approximately $275,743.29. The trade was a 35.88% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 6.30% of the company's stock.

Cantaloupe Stock Down 0.1%

CTLP stock opened at $10.55 on Friday. The firm has a market cap of $774.05 million, a PE ratio of 13.35 and a beta of 1.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 1.86. The firm's 50 day moving average price is $10.90 and its 200-day moving average price is $9.54. Cantaloupe, Inc. has a one year low of $7.01 and a one year high of $11.36.

Wall Street Analysts Forecast Growth

CTLP has been the subject of a number of recent research reports. Northland Capmk downgraded shares of Cantaloupe from a "strong-buy" rating to a "hold" rating in a report on Tuesday, June 17th. B. Riley downgraded shares of Cantaloupe from a "buy" rating to a "neutral" rating and cut their price objective for the company from $11.50 to $11.20 in a report on Tuesday, June 17th. William Blair downgraded shares of Cantaloupe from an "outperform" rating to a "market perform" rating in a report on Monday, June 16th. Barrington Research downgraded shares of Cantaloupe from a "strong-buy" rating to a "strong sell" rating in a report on Monday, June 16th. Finally, Benchmark downgraded shares of Cantaloupe from a "buy" rating to a "hold" rating in a report on Tuesday, June 17th. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $12.55.

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.

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