Control4 Corp (CTRL) SVP Sells $439,287.36 in Stock

Control4 Corp (NASDAQ:CTRL) SVP Eric Anderson sold 14,384 shares of the stock in a transaction that occurred on Friday, December 28th. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36. Following the completion of the sale, the senior vice president now owns 17,388 shares of the company’s stock, valued at approximately $531,029.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

Eric Anderson also recently made the following trade(s):

  • On Thursday, December 28th, Eric Anderson sold 14,384 shares of Control4 stock. The stock was sold at an average price of $30.54, for a total transaction of $439,287.36.

Control4 Corp (NASDAQ CTRL) opened at $30.08 on Friday. The firm has a market cap of $766.84, a price-to-earnings ratio of 56.76, a PEG ratio of 2.50 and a beta of -0.51. Control4 Corp has a twelve month low of $10.60 and a twelve month high of $35.99.

Control4 (NASDAQ:CTRL) last released its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.20. The business had revenue of $64.70 million for the quarter, compared to the consensus estimate of $63.59 million. Control4 had a net margin of 5.96% and a return on equity of 11.63%. Control4’s revenue for the quarter was up 17.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.26 EPS. equities analysts forecast that Control4 Corp will post 0.68 earnings per share for the current year.

CTRL has been the subject of a number of research analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $27.00 target price (up previously from $25.00) on shares of Control4 in a research report on Monday, September 11th. Cowen upgraded shares of Control4 from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $22.00 to $30.00 in a research report on Friday, September 8th. UBS Group downgraded shares of Control4 from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Zacks Investment Research downgraded shares of Control4 from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, BidaskClub downgraded shares of Control4 from a “buy” rating to a “hold” rating in a report on Thursday, December 7th. Five analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $25.50.

Several institutional investors have recently added to or reduced their stakes in CTRL. Bank of New York Mellon Corp raised its holdings in Control4 by 35.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 985,858 shares of the electronics maker’s stock worth $29,043,000 after acquiring an additional 256,073 shares during the period. Dimensional Fund Advisors LP raised its holdings in Control4 by 14.0% in the 3rd quarter. Dimensional Fund Advisors LP now owns 915,412 shares of the electronics maker’s stock worth $26,968,000 after acquiring an additional 112,555 shares during the period. Renaissance Technologies LLC raised its holdings in Control4 by 38.3% in the 2nd quarter. Renaissance Technologies LLC now owns 850,400 shares of the electronics maker’s stock worth $16,676,000 after acquiring an additional 235,700 shares during the period. Vanguard Group Inc. raised its holdings in Control4 by 6.2% in the 2nd quarter. Vanguard Group Inc. now owns 849,627 shares of the electronics maker’s stock worth $16,661,000 after acquiring an additional 49,595 shares during the period. Finally, Lord Abbett & CO. LLC raised its holdings in Control4 by 11.3% in the 2nd quarter. Lord Abbett & CO. LLC now owns 800,964 shares of the electronics maker’s stock worth $15,707,000 after acquiring an additional 81,180 shares during the period. Institutional investors and hedge funds own 77.34% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This story was first posted by Transcript Daily and is the property of of Transcript Daily. If you are reading this story on another website, it was illegally stolen and republished in violation of U.S. and international copyright & trademark legislation. The original version of this story can be viewed at https://transcriptdaily.com/2018/01/05/control4-corp-ctrl-svp-sells-439287-36-in-stock.html.

Control4 Company Profile

Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.

Insider Buying and Selling by Quarter for Control4 (NASDAQ:CTRL)

Receive News & Ratings for Control4 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Control4 and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply