Castellum (NYSEAMERICAN:CTM) COO Buys $31,000.00 in Stock

Key Points

• Castellum COO Andrew Merriman purchased 50,000 shares at an average price of $0.62, investing $31,000 and increasing his ownership by 9.28% to 588,531 shares.
• CTM shares traded at $0.60, near the lower end of their 52-week range of $0.48 to $1.36. The company’s latest quarter missed expectations, reporting a $0.01 loss per share and $13.86 million in revenue versus the $16 million estimate.
• Analyst sentiment remains neutral, with Zacks Research assigning a “Hold” rating and institutional investors owning 3.39% of the company.

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) COO Andrew Merriman purchased 50,000 shares of the business's stock in a transaction on Wednesday, September 9th. The shares were acquired at an average price of $0.62 per share, with a total value of $31,000.00. Following the completion of the transaction, the chief operating officer owned 588,531 shares of the company's stock, valued at approximately $364,889.22. This trade represents a 9.28% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Castellum Price Performance

CTM traded down $0.03 during midday trading on Wednesday, reaching $0.60. 834,133 shares of the company's stock traded hands, compared to its average volume of 2,375,361. The stock has a market capitalization of $56.86 million, a price-to-earnings ratio of -29.99 and a beta of -6.62. The firm has a fifty day moving average of $0.65 and a two-hundred day moving average of $0.72. Castellum, Inc. has a 52 week low of $0.48 and a 52 week high of $1.36.

Castellum (NYSEAMERICAN:CTM - Get Free Report) last issued its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.02). Castellum had a negative return on equity of 6.32% and a negative net margin of 4.13%.The company had revenue of $13.86 million during the quarter, compared to analysts' expectations of $16.00 million.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Castellum to a "hold" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Castellum has a consensus rating of "Hold".

Institutional Investors Weigh In On Castellum

Several institutional investors have recently added to or reduced their stakes in CTM. Geode Capital Management LLC boosted its holdings in Castellum by 6.9% in the fourth quarter. Geode Capital Management LLC now owns 773,724 shares of the company's stock valued at $699,000 after purchasing an additional 50,197 shares during the last quarter. Centiva Capital LP acquired a new position in shares of Castellum in the 3rd quarter valued at $133,000. Bridgeway Capital Management LLC acquired a new stake in Castellum in the 3rd quarter valued at approximately $103,000. Vanguard Group Inc. increased its stake in Castellum by 21.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,277,915 shares of the company's stock worth $1,393,000 after buying an additional 225,937 shares during the period. Finally, Jane Street Group LLC acquired a new stake in Castellum in the second quarter valued at approximately $204,000. Institutional investors and hedge funds own 3.39% of the company's stock.

Castellum Company Profile

Castellum AB is a Sweden‐based real estate company specializing in the ownership, management and development of commercial properties. The company's primary focus is on office premises and logistics facilities situated in attractive growth regions across Sweden and the broader Öresund area. With a strategic emphasis on long‐term leases and strong tenant relationships, Castellum aims to deliver stable rental income and capital appreciation over time.

Founded in 1940 and headquartered in Gothenburg, Castellum has grown through a combination of land acquisitions, property development and selective portfolio divestments.

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