Cantaloupe (NASDAQ:CTLP) CTO Gaurav Singal Sells 14,544 Shares

Cantaloupe, Inc. (NASDAQ:CTLP) 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 owned 25,989 shares in the company, valued at approximately $275,743.29. This represents a 35.88% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gaurav Singal also recently made the following trade(s):

• On Thursday, September 18th, Gaurav Singal sold 200,000 shares of Cantaloupe stock. The shares were sold at an average price of $10.63, for a total transaction of $2,126,000.00.

Cantaloupe Price Performance

Shares of NASDAQ CTLP opened at $10.55 on Friday. Cantaloupe, Inc. has a fifty-two week low of $7.01 and a fifty-two week high of $11.36. The firm’s 50-day simple moving average is $10.90 and its 200 day simple moving average is $9.54. The company has a quick ratio of 1.30, a current ratio of 1.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of $774.05 million, a P/E ratio of 13.35 and a beta of 1.09.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. William Blair cut shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a research note on Monday, June 16th. Benchmark cut shares of Cantaloupe from a “buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Craig Hallum cut shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Northland Capmk cut shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Finally, Barrington Research cut shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, June 16th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cantaloupe currently has a consensus rating of “Hold” and an average target price of $12.55.

Hedge Funds Weigh In On Cantaloupe

A number of institutional investors have recently bought and sold shares of CTLP. Farther Finance Advisors LLC increased its stake in Cantaloupe by 8,886.0% in the 1st quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock worth $35,000 after purchasing an additional 4,443 shares in the last quarter. Osaic Holdings Inc. increased its stake 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 in the last quarter. BNP Paribas Financial Markets increased its stake in Cantaloupe by 55.6% in the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock worth $63,000 after purchasing an additional 2,063 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new position in Cantaloupe in the 2nd quarter worth about $76,000. Finally, Bailard Inc. purchased a new position in Cantaloupe in the 1st quarter worth about $87,000. Hedge funds and other institutional investors own 75.75% 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.