AlphaQuest LLC Boosts Stock Position in Cantaloupe, Inc. $CTLP

AlphaQuest LLC boosted its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 164.5% during the 2nd quarter, Holdings Channel reports. The firm owned 47,851 shares of the technology company’s stock after acquiring an additional 29,757 shares during the period. AlphaQuest LLC’s holdings in Cantaloupe were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. New York State Common Retirement Fund raised its stake in shares of Cantaloupe by 57.1% in the first quarter. New York State Common Retirement Fund now owns 12,384 shares of the technology company’s stock valued at $97,000 after buying an additional 4,500 shares during the period. Bailard Inc. bought a new stake in shares of Cantaloupe in the first quarter valued at $87,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Cantaloupe by 5.7% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company’s stock valued at $238,000 after buying an additional 1,622 shares during the period. DCF Advisers LLC bought a new stake in shares of Cantaloupe in the first quarter valued at $248,000. Finally, Vanguard Group Inc. raised its stake in shares of Cantaloupe by 0.4% in the first quarter. Vanguard Group Inc. now owns 3,553,862 shares of the technology company’s stock valued at $27,969,000 after buying an additional 14,747 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Analyst Upgrades and Downgrades

CTLP has been the topic of several research reports. Zacks Research lowered Cantaloupe from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 15th. Weiss Ratings upgraded Cantaloupe from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, October 24th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $12.55.

Insider Activity

In other news, CTO Gaurav Singal sold 200,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.63, for a total value of $2,126,000.00. Following the completion of the transaction, the chief technology officer directly owned 40,533 shares in the company, valued at approximately $430,865.79. This represents a 83.15% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.10% of the company’s stock.

Cantaloupe Price Performance

CTLP opened at $10.58 on Wednesday. The stock has a 50-day moving average price of $10.70 and a 200-day moving average price of $10.03. Cantaloupe, Inc. has a 12-month low of $7.01 and a 12-month high of $11.36. The company has a current ratio of 1.86, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $779.64 million, a P/E ratio of 13.39 and a beta of 1.07.

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.