Gregoire Maes Sells 55,137 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

CompoSecure, Inc. (NASDAQ:CMPO) COO Gregoire Maes sold 55,137 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.40, for a total transaction of $904,246.80. Following the sale, the chief operating officer now directly owns 762,009 shares of the company’s stock, valued at approximately $12,496,947.60. This represents a 6.75 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Gregoire Maes also recently made the following trade(s):

• On Friday, November 29th, Gregoire Maes sold 540 shares of CompoSecure stock. The shares were sold at an average price of $16.20, for a total transaction of $8,748.00.
• On Wednesday, November 27th, Gregoire Maes sold 24,323 shares of CompoSecure stock. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75.

CompoSecure Stock Performance

NASDAQ:CMPO opened at $16.29 on Wednesday. The company has a 50-day moving average of $15.03 and a 200-day moving average of $11.19. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of -36.48, a PEG ratio of 1.28 and a beta of 0.76. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week high of $16.77.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings data on Friday, November 8th. The company reported $0.27 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The business had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period in the previous year, the business posted $0.24 earnings per share. Sell-side analysts forecast that CompoSecure, Inc. will post 1.02 EPS for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on CMPO. Compass Point boosted their price target on shares of CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Lake Street Capital upped their price objective on shares of CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. B. Riley increased their price target on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC restated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 price objective on shares of CompoSecure in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.36.

Institutional Investors Weigh In On CompoSecure

Hedge funds have recently made changes to their positions in the company. CWM LLC increased its position in shares of CompoSecure by 205.9% during the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after purchasing an additional 2,461 shares in the last quarter. nVerses Capital LLC acquired a new stake in CompoSecure in the 3rd quarter valued at about $72,000. Wolverine Asset Management LLC acquired a new stake in CompoSecure in the 3rd quarter valued at about $74,000. FMR LLC increased its position in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock valued at $83,000 after acquiring an additional 5,156 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in CompoSecure in the 3rd quarter valued at about $140,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.