Disciplined Growth Investors Inc. MN Has $11.90 Million Position in Cantaloupe, Inc. (NASDAQ:CTLP)

Disciplined Growth Investors Inc. MN lifted its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,608,375 shares of the technology company’s stock after purchasing an additional 7,114 shares during the period. Disciplined Growth Investors Inc. MN owned 2.20% of Cantaloupe worth $11,902,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in CTLP. Quarry LP bought a new position in Cantaloupe in the 3rd quarter worth approximately $26,000. Assenagon Asset Management S.A. acquired a new stake in shares of Cantaloupe in the second quarter worth $89,000. Quantbot Technologies LP increased its position in Cantaloupe by 34.0% during the third quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after acquiring an additional 3,975 shares during the period. Intech Investment Management LLC acquired a new position in Cantaloupe during the 3rd quarter valued at $119,000. Finally, Price T Rowe Associates Inc. MD raised its stake in Cantaloupe by 23.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock valued at $111,000 after purchasing an additional 3,197 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Insider Buying and Selling at Cantaloupe

In other news, Director Douglas Bergeron purchased 13,866 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average cost of $7.15 per share, with a total value of $99,141.90. Following the acquisition, the director now directly owns 192,185 shares of the company’s stock, valued at approximately $1,374,122.75. This trade represents a 7.78 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Ravi Venkatesan acquired 8,000 shares of the firm’s stock in a transaction on Friday, September 13th. The shares were purchased at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the completion of the purchase, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at approximately $860,945.40. The trade was a 6.22 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 57,866 shares of company stock worth $416,302 over the last three months. Company insiders own 6.30% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Barrington Research restated an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a report on Monday, November 4th. Benchmark boosted their price target on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Friday, November 8th. Northland Securities upped their price target on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Finally, Craig Hallum decreased their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th.

Cantaloupe Price Performance

NASDAQ:CTLP opened at $9.23 on Tuesday. The company has a market capitalization of $673.70 million, a price-to-earnings ratio of 54.30 and a beta of 1.66. The company has a 50-day moving average of $8.95 and a 200-day moving average of $7.60. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $9.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, meeting the consensus estimate of $0.04. The company had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. During the same period in the prior year, the company posted $0.02 EPS. As a group, equities research analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current fiscal year.

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.