Cantaloupe, Inc. (NASDAQ:CTLP) Major Shareholder Hudson Executive Capital Lp Purchases 17,940 Shares

Posted by on May 25th, 2022

Cantaloupe, Inc. (NASDAQ:CTLP – Get Rating) major shareholder Hudson Executive Capital Lp bought 17,940 shares of Cantaloupe stock in a transaction dated Wednesday, May 25th. The shares were bought at an average cost of $4.83 per share, with a total value of $86,650.20. Following the completion of the acquisition, the insider now owns 12,245,860 shares of the company’s stock, valued at $59,147,503.80. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Hudson Executive Capital Lp also recently made the following trade(s):

  • On Monday, May 23rd, Hudson Executive Capital Lp bought 66,215 shares of Cantaloupe stock. The shares were bought at an average cost of $4.50 per share, with a total value of $297,967.50.

Cantaloupe stock traded up $0.38 during mid-day trading on Wednesday, hitting $5.06. The company’s stock had a trading volume of 1,276,529 shares, compared to its average volume of 244,411. The firm’s 50 day moving average is $5.73 and its 200 day moving average is $7.09. The company has a market cap of $359.82 million, a PE ratio of 119.78 and a beta of 2.05. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.93 and a quick ratio of 1.72. Cantaloupe, Inc. has a 52-week low of $4.28 and a 52-week high of $13.25.

Cantaloupe (NASDAQ:CTLP – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The technology company reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.03) by $0.06. Cantaloupe had a return on equity of 1.98% and a net margin of 1.55%. The firm had revenue of $50.30 million during the quarter, compared to the consensus estimate of $51.71 million. During the same period in the prior year, the business earned ($0.03) EPS. As a group, analysts forecast that Cantaloupe, Inc. will post -0.01 EPS for the current year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Addison Advisors LLC purchased a new stake in shares of Cantaloupe during the 4th quarter worth about $38,000. Lazard Asset Management LLC purchased a new stake in shares of Cantaloupe during the 1st quarter worth about $40,000. Royal Bank of Canada purchased a new stake in shares of Cantaloupe during the 2nd quarter worth about $55,000. Macquarie Group Ltd. purchased a new stake in shares of Cantaloupe during the 3rd quarter worth about $68,000. Finally, Principal Financial Group Inc. purchased a new stake in shares of Cantaloupe during the 1st quarter worth about $72,000. 83.37% of the stock is owned by institutional investors.

Several equities research analysts have recently commented on the company. Zacks Investment Research raised Cantaloupe from a “hold” rating to a “strong-buy” rating and set a $5.50 target price for the company in a report on Tuesday, May 10th. Lake Street Capital reduced their target price on Cantaloupe from $14.00 to $8.00 in a report on Friday, May 6th. Finally, Barrington Research reduced their target price on Cantaloupe from $15.00 to $13.00 in a report on Tuesday, May 10th. Three research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Cantaloupe has an average rating of “Buy” and a consensus price target of $10.88.

Cantaloupe Company Profile (Get Rating)

Cantaloupe, Inc, a digital payment and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment devices in the field for the wireless transfer.

Further Reading

Insider Buying and Selling by Quarter for Cantaloupe (NASDAQ:CTLP)

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