Gayle Michelle Jardine Sells 2,256 Shares of Coda Octopus Group (NASDAQ:CODA) Stock

Key Points

• CFO Gayle Michelle Jardine sold 2,256 shares of Coda Octopus (NASDAQ:CODA) on March 19 at an average price of $12.59 for $28,403, leaving her with 2,500 shares and representing a 47.43% reduction in her ownership.
• Recent results and stock action: CODA beat estimates with $0.08 EPS (vs. $0.06 expected) and $6.71M revenue, the stock traded up ~3% and the company has a market cap of about $139.7M with a one‑year range of $5.90–$17.28.
• Institutional activity and analyst view: Several funds (including Rothschild, Dimensional, State Street, Essex, and Jane Street) added or initiated positions, institutions own ~20.1% of the shares, and analysts' consensus is a "Moderate Buy" with mixed buy/hold ratings.

Coda Octopus Group Inc. (NASDAQ:CODA - Get Free Report) CFO Gayle Michelle Jardine sold 2,256 shares of the business's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $12.59, for a total transaction of $28,403.04. Following the sale, the chief financial officer directly owned 2,500 shares of the company's stock, valued at approximately $31,475. This trade represents a 47.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Coda Octopus Group Trading Up 3.0%

Coda Octopus Group stock opened at $12.38 on Friday. The firm has a market capitalization of $139.65 million, a P/E ratio of 34.39 and a beta of 0.54. Coda Octopus Group Inc. has a 1 year low of $5.90 and a 1 year high of $17.28. The business has a 50-day moving average of $12.83 and a 200-day moving average of $10.54.

Coda Octopus Group (NASDAQ:CODA - Get Free Report) last released its quarterly earnings data on Tuesday, March 17th. The company reported $0.08 EPS for the quarter, beating analysts' consensus estimates of $0.06 by $0.02. The business had revenue of $6.71 million during the quarter, compared to analysts' expectations of $6.23 million. Coda Octopus Group had a net margin of 14.78% and a return on equity of 7.17%.

Hedge Funds Weigh In On Coda Octopus Group

Large investors have recently bought and sold shares of the company. Rothschild Wealth LLC acquired a new position in Coda Octopus Group in the 4th quarter valued at approximately $625,000. Dimensional Fund Advisors LP raised its position in shares of Coda Octopus Group by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,561 shares of the company's stock worth $494,000 after acquiring an additional 1,562 shares in the last quarter. State Street Corp increased its holdings in Coda Octopus Group by 6.3% in the fourth quarter. State Street Corp now owns 33,903 shares of the company's stock worth $315,000 after purchasing an additional 2,000 shares in the last quarter. Essex Investment Management Co. LLC lifted its position in shares of Coda Octopus Group by 61.4% during the 4th quarter. Essex Investment Management Co. LLC now owns 23,299 shares of the company's stock valued at $217,000 after acquiring an additional 8,865 shares during the period. Finally, Jane Street Group LLC acquired a new position in shares of Coda Octopus Group during the second quarter valued at about $207,000. 20.12% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CODA. Wall Street Zen downgraded Coda Octopus Group from a "strong-buy" rating to a "buy" rating in a research note on Saturday, March 7th. Weiss Ratings restated a "hold (c+)" rating on shares of Coda Octopus Group in a research report on Monday, December 29th. Finally, Alliance Global Partners reissued a "buy" rating on shares of Coda Octopus Group in a research report on Monday, February 9th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy".

About Coda Octopus Group

Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company's product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.

The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.

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