CompoSecure (NASDAQ:CMPO) Shares Gap Down on Insider Selling

Shares of CompoSecure, Inc. (NASDAQ:CMPO) gapped down before the market opened on Friday following insider selling activity. The stock had previously closed at $15.50, but opened at $12.58. CompoSecure shares last traded at $12.34, with a volume of 136,036 shares traded.

Specifically, CRO Amanda Mandy Gourbault sold 9,622 shares of the stock in a transaction dated Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the transaction, the executive now directly owns 821,782 shares of the company’s stock, valued at approximately $13,222,472.38. This represents a 1.16 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CMPO. TD Cowen began coverage on CompoSecure in a report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock. JPMorgan Chase & Co. raised their target price on CompoSecure from $12.00 to $16.00 and gave the stock a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of CompoSecure in a report on Monday, November 11th. B. Riley raised their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, Benchmark reaffirmed a “buy” rating and set a $17.00 target price on shares of CompoSecure in a report on Tuesday, November 12th. One investment analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $16.81.

CompoSecure Price Performance

The firm has a fifty day simple moving average of $15.41 and a 200 day simple moving average of $14.54. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of -30.32, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78.

Institutional Trading of CompoSecure

Several institutional investors have recently bought and sold shares of CMPO. Tyro Capital Management LLC acquired a new stake in CompoSecure in the third quarter valued at approximately $27,978,000. Capital World Investors acquired a new stake in CompoSecure in the fourth quarter valued at approximately $27,387,000. Divisadero Street Capital Management LP acquired a new stake in CompoSecure in the fourth quarter valued at approximately $16,075,000. Nine Ten Capital Management LLC acquired a new stake in CompoSecure in the fourth quarter valued at approximately $13,925,000. Finally, Woodson Capital Management LP acquired a new stake in CompoSecure in the third quarter valued at approximately $10,795,000. 37.56% of the stock is owned by institutional investors and hedge funds.

CompoSecure Company Profile

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.