Short Interest in Cantaloupe, Inc. (NASDAQ:CTLP) Declines By 14.9%

Cantaloupe, Inc. (NASDAQ:CTLPGet Rating) saw a large drop in short interest in the month of December. As of December 30th, there was short interest totalling 462,900 shares, a drop of 14.9% from the December 15th total of 544,000 shares. Approximately 0.7% of the company’s shares are short sold. Based on an average daily trading volume, of 491,800 shares, the short-interest ratio is presently 0.9 days.

Insider Buying and Selling

In related news, CFO Scott Matthew Stewart purchased 7,500 shares of Cantaloupe stock in a transaction that occurred on Thursday, December 15th. The shares were bought at an average price of $4.00 per share, with a total value of $30,000.00. Following the purchase, the chief financial officer now directly owns 24,028 shares of the company’s stock, valued at approximately $96,112. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Scott Matthew Stewart purchased 7,500 shares of Cantaloupe stock in a transaction that occurred on Thursday, December 15th. The shares were bought at an average price of $4.00 per share, with a total value of $30,000.00. Following the purchase, the chief financial officer now directly owns 24,028 shares of the company’s stock, valued at approximately $96,112. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ravi Venkatesan bought 12,315 shares of the business’s stock in a transaction on Wednesday, December 14th. The shares were acquired at an average cost of $4.06 per share, for a total transaction of $49,998.90. Following the transaction, the chief executive officer now directly owns 104,909 shares in the company, valued at approximately $425,930.54. The disclosure for this purchase can be found here. Insiders have purchased 32,075 shares of company stock valued at $129,324 in the last 90 days. Company insiders own 20.40% of the company’s stock.

Institutional Trading of Cantaloupe

Institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Cantaloupe in the 1st quarter valued at about $40,000. Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in Cantaloupe in the 2nd quarter worth approximately $49,000. Tower Research Capital LLC TRC boosted its stake in Cantaloupe by 265.2% in the 3rd quarter. Tower Research Capital LLC TRC now owns 15,432 shares of the technology company’s stock worth $53,000 after purchasing an additional 11,206 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd acquired a new stake in Cantaloupe in the 3rd quarter worth approximately $62,000. Finally, Pinnacle Wealth Planning Services Inc. acquired a new stake in Cantaloupe in the 2nd quarter worth approximately $72,000. 79.81% of the stock is currently owned by institutional investors.

Cantaloupe Trading Up 5.9 %

NASDAQ CTLP opened at $5.22 on Friday. Cantaloupe has a one year low of $2.77 and a one year high of $8.46. The company has a market capitalization of $371.76 million, a price-to-earnings ratio of -37.28 and a beta of 1.73. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.54. The company’s 50-day simple moving average is $4.07 and its two-hundred day simple moving average is $4.54.

Cantaloupe (NASDAQ:CTLPGet Rating) last released its quarterly earnings results on Monday, November 7th. The technology company reported ($0.13) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.14). Cantaloupe had a negative net margin of 4.14% and a negative return on equity of 5.85%. The firm had revenue of $57.78 million during the quarter, compared to the consensus estimate of $53.63 million. Equities analysts forecast that Cantaloupe will post -0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Craig Hallum cut their target price on shares of Cantaloupe to $8.00 in a research report on Tuesday, November 15th.

About Cantaloupe

(Get Rating)

Cantaloupe, Inc, a digital payments 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, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.

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