Scott Matthew Stewart Sells 62,830 Shares of Cantaloupe (NASDAQ:CTLP) Stock

Cantaloupe, Inc. (NASDAQ:CTLP) CFO Scott Matthew Stewart sold 62,830 shares of Cantaloupe stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $10.63, for a total value of $667,882.90. Following the completion of the transaction, the chief financial officer owned 53,009 shares in the company, valued at approximately $563,485.67. This represents a 54.24% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Cantaloupe Trading Up 0.3%

NASDAQ CTLP opened at $10.61 on Friday. The firm has a market cap of $781.93 million, a PE ratio of 13.43 and a beta of 1.07. Cantaloupe, Inc. has a 1-year low of $7.01 and a 1-year high of $11.36. The stock has a 50-day moving average of $10.60 and a 200-day moving average of $10.37. The company has a current ratio of 1.86, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. Zacks Research raised Cantaloupe from a “strong sell” rating to a “hold” rating in a research note on Tuesday. Weiss Ratings reiterated a “hold (c)” rating on shares of Cantaloupe in a report on Wednesday. Seven investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Cantaloupe has a consensus rating of “Reduce” and a consensus price target of $12.73.

Hedge Funds Weigh In On Cantaloupe

Several hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue bought a new position in shares of Cantaloupe during the third quarter valued at approximately $32,000. Osaic Holdings Inc. raised its holdings 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. Russell Investments Group Ltd. raised its holdings in Cantaloupe by 2,824.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 5,234 shares of the technology company’s stock worth $55,000 after purchasing an additional 5,055 shares in the last quarter. US Bancorp DE lifted its position 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 purchasing an additional 3,327 shares during the period. Finally, BNP Paribas Financial Markets boosted its stake in shares of Cantaloupe by 55.6% during the 2nd quarter. BNP Paribas Financial Markets now owns 5,772 shares of the technology company’s stock valued at $63,000 after purchasing an additional 2,063 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Cantaloupe Company Profile

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.