Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) Insider Sells $55,050.00 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 5,000 shares of CompoSecure stock in a transaction on Monday, March 17th. The stock was sold at an average price of $11.01, for a total transaction of $55,050.00. Following the completion of the transaction, the insider now directly owns 1,481,036 shares in the company, valued at $16,306,206.36. This represents a 0.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Adam Joseph Lowe also recently made the following trade(s):

• On Wednesday, March 12th, Adam Joseph Lowe sold 18,818 shares of CompoSecure stock. The stock was sold at an average price of $10.97, for a total value of $206,433.46.

CompoSecure Price Performance

CMPO stock opened at $11.38 on Thursday. The firm’s fifty day simple moving average is $14.30 and its 200-day simple moving average is $14.54. CompoSecure, Inc. has a 12 month low of $5.98 and a 12 month high of $17.71. The company has a market capitalization of $1.16 billion, a P/E ratio of -25.86, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.

Institutional Investors Weigh In On CompoSecure

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Verition Fund Management LLC acquired a new position in shares of CompoSecure in the 3rd quarter valued at about $798,000. Geode Capital Management LLC boosted its position in CompoSecure by 34.1% in the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after purchasing an additional 148,833 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in shares of CompoSecure during the 4th quarter worth approximately $526,000. JPMorgan Chase & Co. increased its holdings in shares of CompoSecure by 555.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock valued at $728,000 after purchasing an additional 44,018 shares in the last quarter. Finally, Truist Financial Corp lifted its stake in shares of CompoSecure by 286.9% in the 4th quarter. Truist Financial Corp now owns 48,368 shares of the company’s stock valued at $741,000 after purchasing an additional 35,868 shares during the period. 37.56% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CMPO has been the subject of a number of research analyst reports. Lake Street Capital decreased their price target on CompoSecure from $18.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. Needham & Company LLC lowered their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. dropped their target price on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a research report on Thursday, March 6th. Finally, TD Cowen started coverage on shares of CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price target for the company. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.19.

About CompoSecure

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.