Castellum (NYSEAMERICAN:CTM) Shares Climb 1.2% - What's Next?

Key Points

• Castellum shares rose 1.2% to $0.6275 in midday trading, while volume fell 48% below the average session level. The stock remains below its 50-day and 200-day moving averages of $0.64 and $0.68, respectively.
• Zacks Research upgraded Castellum to a “Hold” rating, matching the stock’s overall analyst consensus. The company recently missed quarterly expectations, reporting a $0.01 loss per share and $13.86 million in revenue versus the $16 million estimate.
• COO Andrew Merriman purchased 50,000 shares for approximately $31,000, increasing his ownership by 9.28%. Institutional ownership remains limited at 3.39%, though Two Sigma Securities increased its stake by 166.3% during the second quarter.

Shares of Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) shot up 1.2% during trading on Wednesday. The stock traded as high as $0.6349 and last traded at $0.6275. 244,075 shares traded hands during mid-day trading, a decline of 48% from the average session volume of 470,201 shares. The stock had previously closed at $0.62.

Analyst Ratings Changes

Separately, Zacks Research upgraded shares of Castellum to a "hold" rating in a research report on Tuesday, August 11th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Castellum Stock Performance

The stock has a fifty day simple moving average of $0.64 and a two-hundred day simple moving average of $0.68. The stock has a market cap of $59.47 million, a price-to-earnings ratio of -31.37 and a beta of -6.62.

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

Insider Transactions at Castellum

In other Castellum news, COO Andrew Merriman bought 50,000 shares of the stock in a transaction on Wednesday, September 9th. The stock was purchased at an average price of $0.62 per share, with a total value of $31,000.00. Following the completion of the purchase, the chief operating officer owned 588,531 shares in the company, valued at $364,889.22. The trade was a 9.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. 8.41% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Castellum

An institutional investor recently raised its position in Castellum stock. Two Sigma Securities LLC lifted its stake in shares of Castellum, Inc. (NYSEAMERICAN:CTM - Free Report) by 166.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 40,530 shares of the company's stock after purchasing an additional 25,308 shares during the quarter. Two Sigma Securities LLC's holdings in Castellum were worth $29,000 as of its most recent filing with the Securities and Exchange Commission. 3.39% of the stock is currently owned by institutional investors.

Castellum Company Profile

Castellum, Inc is a U.S.-based provider of technology and professional services to government and commercial customers. The company focuses on cybersecurity, information technology, engineering, and intelligence-related services, supporting organizations that require secure systems and mission-critical technical expertise.

Castellum's offerings include cyber operations and information assurance, software and systems engineering, cloud and IT support, data and analytics services, and technical assistance for national security and other federal missions.

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