Credit Industriel ET Commercial Acquires Shares of 102,480 Cantaloupe, Inc. $CTLP

Credit Industriel ET Commercial purchased a new stake in Cantaloupe, Inc. (NASDAQ:CTLP) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 102,480 shares of the technology company’s stock, valued at approximately $1,126,000.

Several other institutional investors have also bought and sold shares of the stock. Alpine Associates Management Inc. bought a new stake in shares of Cantaloupe during the 2nd quarter worth $12,053,000. Nuveen LLC purchased a new stake in Cantaloupe during the first quarter valued at about $5,624,000. Versor Investments LP bought a new stake in Cantaloupe during the second quarter worth about $3,901,000. CenterBook Partners LP lifted its stake in Cantaloupe by 528.1% during the first quarter. CenterBook Partners LP now owns 315,015 shares of the technology company’s stock worth $2,479,000 after purchasing an additional 264,859 shares during the last quarter. Finally, Wolverine Asset Management LLC purchased a new position in shares of Cantaloupe in the 2nd quarter worth about $1,906,000. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Price Performance

CTLP opened at $10.55 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.86 and a quick ratio of 1.30. The stock’s 50 day simple moving average is $10.65 and its 200 day simple moving average is $10.18. The firm has a market cap of $777.45 million, a price-to-earnings ratio of 13.35 and a beta of 1.07. Cantaloupe, Inc. has a 1 year low of $7.01 and a 1 year high of $11.36.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, November 6th. The technology company reported ($0.02) earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.10). Cantaloupe had a net margin of 21.33% and a return on equity of 10.43%. The company had revenue of $80.85 million for the quarter, compared to analysts’ expectations of $82.44 million. As a group, analysts predict that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on CTLP shares. Zacks Research cut Cantaloupe from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Weiss Ratings upgraded shares of Cantaloupe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cantaloupe has a consensus rating of “Hold” and an average price target of $12.55.

Insider Buying and Selling

In other Cantaloupe news, CTO Gaurav Singal sold 14,544 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $10.61, for a total value of $154,311.84. Following the completion of the sale, the chief technology officer owned 25,989 shares in the company, valued at approximately $275,743.29. This trade represents a 35.88% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 7.10% of the stock is owned by corporate insiders.

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.