Squarepoint Ops LLC Purchases 19,365 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Squarepoint Ops LLC increased its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 163.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,228 shares of the technology company’s stock after purchasing an additional 19,365 shares during the period. Squarepoint Ops LLC’s holdings in Cantaloupe were worth $206,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. First Eagle Investment Management LLC bought a new position in Cantaloupe during the 2nd quarter worth $2,276,000. Susquehanna Fundamental Investments LLC increased its position in Cantaloupe by 53.2% during the first quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company’s stock worth $324,000 after acquiring an additional 17,479 shares during the period. Assenagon Asset Management S.A. acquired a new stake in Cantaloupe in the 2nd quarter worth about $89,000. Harbor Capital Advisors Inc. boosted its holdings in Cantaloupe by 143.2% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 82,124 shares of the technology company’s stock valued at $542,000 after purchasing an additional 48,356 shares during the period. Finally, Janus Henderson Group PLC grew its position in shares of Cantaloupe by 152.7% during the 1st quarter. Janus Henderson Group PLC now owns 99,321 shares of the technology company’s stock worth $638,000 after purchasing an additional 60,013 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. Benchmark reiterated a “buy” rating and issued a $10.00 price target on shares of Cantaloupe in a research report on Wednesday, September 11th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Friday, September 13th. Craig Hallum reduced their target price on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Friday, July 12th.

Cantaloupe Stock Up 3.8 %

NASDAQ CTLP opened at $9.21 on Friday. The business has a fifty day moving average price of $7.03 and a two-hundred day moving average price of $6.78. The stock has a market capitalization of $670.58 million, a PE ratio of 57.56 and a beta of 1.71. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $9.23. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.10.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.03 earnings per share for the quarter, missing the consensus estimate of $0.05 by ($0.02). Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. The business had revenue of $72.66 million for the quarter, compared to the consensus estimate of $76.14 million. During the same quarter in the prior year, the company earned $0.04 earnings per share. Equities analysts expect that Cantaloupe, Inc. will post 0.31 earnings per share for the current fiscal year.

Insider Activity

In related news, CEO Ravi Venkatesan acquired 8,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was acquired at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Ravi Venkatesan bought 8,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $6.30 per share, with a total value of $50,400.00. Following the completion of the purchase, the chief executive officer now owns 136,658 shares in the company, valued at $860,945.40. This represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Douglas Bergeron purchased 36,000 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was purchased at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the purchase, the director now directly owns 462,319 shares in the company, valued at $3,425,783.79. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 57,866 shares of company stock worth $416,302. Corporate insiders own 4.30% of the company’s stock.

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.