Castellum, Inc. (NYSEAMERICAN:CTM) General Counsel Sells $277,558.00 in Stock

Castellum, Inc. (NYSEAMERICAN:CTM) General Counsel Jay O. Wright sold 259,400 shares of Castellum stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $1.07, for a total value of $277,558.00. Following the completion of the transaction, the general counsel now owns 9,023,673 shares of the company’s stock, valued at approximately $9,655,330.11. This represents a 2.79% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Castellum Stock Down 1.9%

Shares of CTM stock traded down $0.02 during trading hours on Tuesday, reaching $1.02. 1,595,141 shares of the stock were exchanged, compared to its average volume of 3,683,123. Castellum, Inc. has a 12-month low of $0.12 and a 12-month high of $2.83. The business’s fifty day moving average is $1.02 and its two-hundred day moving average is $0.71. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market capitalization of $71.34 million, a P/E ratio of -6.00 and a beta of -12.75.

Analysts Set New Price Targets

A number of research analysts have issued reports on CTM shares. UBS Group upgraded shares of Castellum from a “strong sell” rating to a “hold” rating in a research note on Wednesday, April 23rd. Maxim Group set a $3.00 price target on shares of Castellum and gave the company a “buy” rating in a research note on Thursday, April 24th.

Hedge Funds Weigh In On Castellum

A number of hedge funds and other institutional investors have recently made changes to their positions in CTM. Bank of New York Mellon Corp acquired a new position in shares of Castellum during the fourth quarter worth about $2,456,000. Jane Street Group LLC boosted its stake in shares of Castellum by 2,180.2% in the fourth quarter. Jane Street Group LLC now owns 449,001 shares of the company’s stock valued at $898,000 after buying an additional 429,310 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Castellum by 49.9% in the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company’s stock valued at $599,000 after acquiring an additional 99,714 shares during the period. Inscription Capital LLC acquired a new position in shares of Castellum during the 1st quarter worth $265,000. Finally, Cubist Systematic Strategies LLC purchased a new position in shares of Castellum in the 1st quarter valued at about $72,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Castellum Company Profile

Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.