Cantaloupe, Inc. (NASDAQ:CTLP – Get Free Report) Director Douglas Bergeron bought 36,000 shares of the company’s stock in a transaction dated Monday, September 30th. The stock was bought at an average cost of $7.41 per share, with a total value of $266,760.00. Following the completion of the transaction, the director now owns 462,319 shares in the company, valued at approximately $3,425,783.79. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Douglas Bergeron also recently made the following trade(s):
- On Thursday, September 26th, Douglas Bergeron purchased 13,866 shares of Cantaloupe stock. The stock was bought at an average cost of $7.15 per share, with a total value of $99,141.90.
Cantaloupe Stock Down 0.5 %
NASDAQ:CTLP opened at $7.83 on Thursday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.10 and a current ratio of 1.49. The firm has a market cap of $570.10 million, a P/E ratio of 48.94 and a beta of 1.70. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $8.21. The firm has a 50-day simple moving average of $6.92 and a two-hundred day simple moving average of $6.67.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the business. Disciplined Growth Investors Inc. MN boosted its position in shares of Cantaloupe by 0.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,601,261 shares of the technology company’s stock valued at $10,568,000 after buying an additional 14,431 shares during the last quarter. Archon Capital Management LLC boosted its holdings in shares of Cantaloupe by 8.2% during the 1st quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after acquiring an additional 108,423 shares during the last quarter. First Eagle Investment Management LLC bought a new stake in shares of Cantaloupe in the second quarter worth approximately $2,276,000. Bank of New York Mellon Corp raised its holdings in shares of Cantaloupe by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 20,835 shares during the last quarter. Finally, North Star Investment Management Corp. bought a new position in Cantaloupe during the first quarter valued at approximately $1,093,000. Hedge funds and other institutional investors own 75.75% of the company’s stock.
Wall Street Analysts Forecast Growth
Several research analysts recently issued reports on the stock. Northland Securities reiterated an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a research note on Friday, July 12th. Craig Hallum decreased their target price on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research note on Wednesday, September 11th. Benchmark reissued a “buy” rating and issued a $10.00 price target on shares of Cantaloupe in a research report on Wednesday, September 11th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Friday, September 13th.
Read Our Latest Report on Cantaloupe
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.
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