Gregoire Maes Sells 97,226 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

Key Points

• Gregoire Maes, COO of CompoSecure, sold 97,226 shares of the company's stock on August 14th for approximately $1.88 million, reducing his total shareholding by 11.10% to 779,062 shares.
• CompoSecure's stock price dropped 4.5% to $18.57 following recent trades, with a market cap of $1.90 billion and a PE ratio of -11.05.
• Despite a negative return on equity of 65.50%, CompoSecure reported earnings per share of $0.25, exceeding expectations for the latest quarter.

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) COO Gregoire Maes sold 97,226 shares of the business's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $19.36, for a total transaction of $1,882,295.36. Following the transaction, the chief operating officer directly owned 779,062 shares of the company's stock, valued at approximately $15,082,640.32. This represents a 11.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Gregoire Maes also recently made the following trade(s):

• On Wednesday, August 13th, Gregoire Maes sold 19,899 shares of CompoSecure stock. The shares were sold at an average price of $19.26, for a total value of $383,254.74.

CompoSecure Trading Down 4.5%

CompoSecure stock traded down $0.88 during midday trading on Friday, reaching $18.57. 868,061 shares of the stock traded hands, compared to its average volume of 940,021. The company has a 50-day simple moving average of $14.71 and a two-hundred day simple moving average of $13.30. CompoSecure, Inc. has a 12-month low of $9.24 and a 12-month high of $19.60. The firm has a market cap of $1.90 billion, a PE ratio of -11.05 and a beta of 0.94.

CompoSecure (NASDAQ:CMPO - Get Free Report) last released its earnings results on Monday, May 12th. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.06. The company had revenue of $103.90 million for the quarter, compared to analysts' expectations of $103.22 million. CompoSecure had a negative return on equity of 65.50% and a negative net margin of 24.53%. Equities research analysts anticipate that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Institutional Investors Weigh In On CompoSecure

Institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. boosted its position in shares of CompoSecure by 617.5% in the fourth quarter. JPMorgan Chase & Co. now owns 372,709 shares of the company's stock worth $5,714,000 after buying an additional 320,760 shares during the period. Geode Capital Management LLC grew its holdings in shares of CompoSecure by 9.5% in the 4th quarter. Geode Capital Management LLC now owns 641,623 shares of the company's stock valued at $9,839,000 after buying an additional 55,877 shares during the period. Wells Fargo & Company MN grew its stake in shares of CompoSecure by 60.9% during the 4th quarter. Wells Fargo & Company MN now owns 12,985 shares of the company's stock worth $199,000 after acquiring an additional 4,916 shares in the last quarter. Envestnet Asset Management Inc. bought a new stake in shares of CompoSecure in the 4th quarter valued at about $180,000. Finally, Russell Investments Group Ltd. raised its holdings in CompoSecure by 27.4% in the 4th quarter. Russell Investments Group Ltd. now owns 168,113 shares of the company's stock valued at $2,577,000 after acquiring an additional 36,142 shares during the period. Hedge funds and other institutional investors own 37.56% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CMPO. Needham & Company LLC reiterated a "buy" rating and set a $15.00 target price on shares of CompoSecure in a report on Tuesday, May 13th. Wall Street Zen downgraded shares of CompoSecure from a "buy" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Benchmark raised their price objective on shares of CompoSecure from $14.00 to $17.00 and gave the company a "buy" rating in a research report on Friday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $17.07.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.