Insider Selling: Cantaloupe (NASDAQ:CTLP) CFO Sells 62,830 Shares of Stock

Cantaloupe, Inc. (NASDAQ:CTLP) CFO Scott Matthew Stewart sold 62,830 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.63, for a total transaction of $667,882.90. Following the completion of the transaction, the chief financial officer directly owned 53,009 shares of the company’s stock, valued at approximately $563,485.67. The trade was a 54.24% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Cantaloupe Trading Up 0.2%

CTLP opened at $10.73 on Thursday. The company has a quick ratio of 1.30, a current ratio of 1.86 and a debt-to-equity ratio of 0.15. Cantaloupe, Inc. has a 52 week low of $7.01 and a 52 week high of $11.36. The stock has a market cap of $790.40 million, a PE ratio of 13.47 and a beta of 1.07. The business has a 50 day moving average of $10.61 and a 200-day moving average of $10.35.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CTLP shares. Zacks Research upgraded shares of Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday. Weiss Ratings reissued a “hold (c)” rating on shares of Cantaloupe in a research note on Thursday, November 13th. Seven research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average target price of $12.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. State of Alaska Department of Revenue bought a new position in Cantaloupe during the 3rd quarter valued at about $32,000. Osaic Holdings Inc. grew its position in Cantaloupe by 136.2% in the 2nd quarter. Osaic Holdings Inc. now owns 4,746 shares of the technology company’s stock worth $52,000 after purchasing an additional 2,737 shares during the period. Russell Investments Group Ltd. raised its stake in Cantaloupe by 2,824.0% during the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock valued at $55,000 after buying an additional 5,055 shares during the last quarter. US Bancorp DE boosted its stake in shares of Cantaloupe by 142.2% in the 3rd quarter. US Bancorp DE now owns 5,667 shares of the technology company’s stock worth $60,000 after buying an additional 3,327 shares during the last quarter. Finally, BNP Paribas Financial Markets grew its holdings in shares of Cantaloupe by 55.6% in the second quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after acquiring an additional 2,063 shares during the period. 75.75% of the stock is owned by institutional investors.

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.