189,679 Shares in Freightos Limited (NASDAQ:CRGO) Purchased by Northern Trust Corp

Northern Trust Corp purchased a new stake in shares of Freightos Limited (NASDAQ:CRGO - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 189,679 shares of the company's stock, valued at approximately $579,000. Northern Trust Corp owned 0.38% of Freightos at the end of the most recent quarter.

Separately, Geode Capital Management LLC grew its position in Freightos by 41.6% during the fourth quarter. Geode Capital Management LLC now owns 18,813 shares of the company's stock valued at $57,000 after acquiring an additional 5,523 shares during the period. 22.72% of the stock is owned by hedge funds and other institutional investors.

Freightos Trading Up 11.4%

CRGO stock traded up $0.24 during trading on Monday, reaching $2.34. 53,819 shares of the stock traded hands, compared to its average volume of 71,590. The business's 50 day moving average price is $2.18 and its 200-day moving average price is $2.66. Freightos Limited has a 52-week low of $1.27 and a 52-week high of $4.42. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.90 and a quick ratio of 2.90. The firm has a market capitalization of $116.36 million, a PE ratio of -6.88 and a beta of 0.06.

Freightos (NASDAQ:CRGO - Get Free Report) last issued its earnings results on Tuesday, May 20th. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.10) by $0.05. Freightos had a negative return on equity of 20.80% and a negative net margin of 71.11%. The company had revenue of $6.95 million during the quarter, compared to the consensus estimate of $6.78 million. During the same quarter in the prior year, the business earned ($0.06) earnings per share. As a group, sell-side analysts forecast that Freightos Limited will post -0.35 earnings per share for the current year.

Freightos Company Profile

Freightos Limited, together with its subsidiaries, operates a vendor-neutral booking and payment platform for international freight. It operates WebCargo, a platform for connecting carriers and forwarders; and Freightos.com, a platform for connecting service providers to importers/exporters. The company also offers software-as-a-service solutions, such as WebCargo Air for airline rates and ebookings; WebCargo AcceleRate, a multi-modal rate repository; data services; and WebCargo Airline Control Panel that enables airlines to control bookings and optimize pricing with real-time booking analytics.