Credit Industriel ET Commercial Purchases Shares of 102,480 Cantaloupe, Inc. $CTLP

Credit Industriel ET Commercial purchased a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 102,480 shares of the technology company’s stock, valued at approximately $1,126,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Nuveen LLC acquired a new stake in shares of Cantaloupe in the first quarter valued at about $5,624,000. CenterBook Partners LP grew its position in shares of Cantaloupe by 528.1% in the first quarter. CenterBook Partners LP now owns 315,015 shares of the technology company’s stock valued at $2,479,000 after purchasing an additional 264,859 shares during the last quarter. Roubaix Capital LLC grew its holdings in Cantaloupe by 54.5% in the 1st quarter. Roubaix Capital LLC now owns 406,405 shares of the technology company’s stock valued at $3,198,000 after buying an additional 143,444 shares during the last quarter. Jane Street Group LLC acquired a new stake in Cantaloupe in the 1st quarter valued at approximately $731,000. Finally, Expect Equity LLC acquired a new stake in Cantaloupe in the 1st quarter valued at approximately $711,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Up 0.2%

CTLP opened at $10.59 on Tuesday. Cantaloupe, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $11.36. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.86 and a quick ratio of 1.30. The firm’s fifty day moving average price is $10.78 and its two-hundred day moving average price is $9.80. The company has a market capitalization of $776.99 million, a P/E ratio of 13.41 and a beta of 1.07.

Analyst Ratings Changes

A number of analysts have issued reports on CTLP shares. Barrington Research lowered Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a report on Monday, June 16th. B. Riley downgraded shares of Cantaloupe from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $11.50 to $11.20 in a research note on Tuesday, June 17th. Benchmark lowered shares of Cantaloupe from a “buy” rating to a “hold” rating in a research report on Tuesday, June 17th. William Blair lowered shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Finally, Northland Capmk lowered shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $12.55.

Insider Buying and Selling at Cantaloupe

In other news, CTO Gaurav Singal sold 14,544 shares of Cantaloupe stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $10.61, for a total transaction of $154,311.84. Following the sale, the chief technology officer directly owned 25,989 shares in the company, valued at approximately $275,743.29. The trade was a 35.88% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 6.30% of the company’s stock.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for self-service commerce market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides G11 cashless and pulse kits that are 4G LTE digital payment devices for payment and consumer engagement applications; G11 chip kit, a digital reader that accepts contact EMV and contactless EMV payment methods; Engage series comprising Engage and Engage Combo, which are digital touchscreen devices that offers networking, security, and interactivity payment methods; and card touchscreen card readers, including P66, P100, P100Pro, and P30.