Inscription Capital LLC Buys Shares of 250,000 Castellum, Inc. (NYSEAMERICAN:CTM)

Inscription Capital LLC purchased a new position in Castellum, Inc. (NYSEAMERICAN:CTM - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 250,000 shares of the company's stock, valued at approximately $265,000. Inscription Capital LLC owned 0.36% of Castellum at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Jane Street Group LLC grew its position in shares of Castellum by 2,180.2% during the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock valued at $898,000 after purchasing an additional 429,310 shares in the last quarter. Bank of New York Mellon Corp bought a new stake in Castellum during the fourth quarter valued at $2,456,000. Geode Capital Management LLC boosted its stake in Castellum by 49.9% during the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock valued at $599,000 after buying an additional 99,714 shares during the period. Finally, PKS Advisory Services LLC purchased 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.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Maxim Group set a $3.00 price target on Castellum and gave the company a "buy" rating in a research report on Thursday, April 24th. UBS Group raised shares of Castellum from a "strong sell" rating to a "hold" rating in a research note on Wednesday, April 23rd.

Insider Activity

In other Castellum news, Director Mark C. Fuller sold 500,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $1.05, for a total value of $525,000.00. Following the completion of the sale, the director now directly owns 6,613,659 shares of the company's stock, valued at $6,944,341.95. The trade was a 7.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, General Counsel Jay O. Wright sold 259,400 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $1.07, for a total transaction of $277,558.00. Following the sale, the general counsel now owns 9,023,673 shares of the company's stock, valued at approximately $9,655,330.11. The trade was a 2.79% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 29.79% of the company's stock.

Castellum Price Performance

CTM opened at $1.08 on Thursday. The business's fifty day simple moving average is $1.03 and its 200 day simple moving average is $0.80. Castellum, Inc. has a 52 week low of $0.12 and a 52 week high of $2.83. The company has a quick ratio of 2.92, a current ratio of 2.92 and a debt-to-equity ratio of 0.25. The stock has a market cap of $92.92 million, a PE ratio of -9.82 and a beta of -10.09.

Castellum Profile

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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