SG Americas Securities LLC Purchases New Position in Cantaloupe, Inc. (NASDAQ:CTLP)

SG Americas Securities LLC acquired a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,205 shares of the technology company’s stock, valued at approximately $164,000.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Assenagon Asset Management S.A. acquired a new position in Cantaloupe during the 2nd quarter worth approximately $89,000. Price T Rowe Associates Inc. MD lifted its position in shares of Cantaloupe by 23.0% during the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after purchasing an additional 3,197 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Cantaloupe by 68.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock valued at $152,000 after purchasing an additional 9,374 shares during the period. The Manufacturers Life Insurance Company grew its holdings in Cantaloupe by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after purchasing an additional 3,210 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Cantaloupe by 163.2% during the 2nd quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company’s stock worth $206,000 after buying an additional 19,365 shares during the period. Hedge funds and other institutional investors own 75.75% of the company’s stock.

Insider Buying and Selling at Cantaloupe

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

Cantaloupe Trading Down 1.8 %

NASDAQ:CTLP opened at $9.10 on Friday. The company has a market cap of $662.57 million, a PE ratio of 56.88 and a beta of 1.71. The business’s 50 day moving average is $7.42 and its two-hundred day moving average is $6.93. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $9.40.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $76.14 million. During the same quarter in the previous year, the business posted $0.04 earnings per share. On average, analysts predict that Cantaloupe, Inc. will post 0.31 EPS for the current year.

Wall Street Analyst Weigh In

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

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.