Cantaloupe, Inc. (NASDAQ:CTLP) Shares Sold by Sargent Investment Group LLC

Sargent Investment Group LLC reduced its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 2.2% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 1,517,243 shares of the technology company’s stock after selling 33,800 shares during the quarter. Cantaloupe makes up about 2.0% of Sargent Investment Group LLC’s investment portfolio, making the stock its 14th biggest position. Sargent Investment Group LLC’s holdings in Cantaloupe were worth $11,228,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CTLP. GSA Capital Partners LLP bought a new position in shares of Cantaloupe in the third quarter worth $153,000. Inspire Investing LLC acquired a new position in shares of Cantaloupe in the 3rd quarter valued at $416,000. SG Americas Securities LLC acquired a new position in shares of Cantaloupe in the 3rd quarter valued at $164,000. Disciplined Growth Investors Inc. MN lifted its stake in Cantaloupe by 0.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,261 shares of the technology company’s stock worth $10,568,000 after acquiring an additional 14,431 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC lifted its stake in Cantaloupe by 7.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company’s stock worth $357,000 after acquiring an additional 3,690 shares in the last quarter. 75.75% of the stock is owned by institutional investors and hedge funds.

Cantaloupe Stock Performance

Shares of NASDAQ:CTLP traded down $0.28 during trading on Thursday, hitting $8.91. 118,613 shares of the stock were exchanged, compared to its average volume of 338,001. Cantaloupe, Inc. has a 1-year low of $5.74 and a 1-year high of $9.67. The company has a market capitalization of $650.31 million, a price-to-earnings ratio of 54.06 and a beta of 1.68. The company’s fifty day simple moving average is $8.09 and its 200-day simple moving average is $7.24. 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 announced its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 earnings per share for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a return on equity of 7.53% and a net margin of 4.90%. The company had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. During the same quarter last year, the firm earned $0.02 EPS. Sell-side analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CTLP. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Monday, November 4th. Northland Securities increased their price objective on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday. Benchmark increased their price objective on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a report on Friday, November 8th. Finally, Craig Hallum lowered their target price on Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a report on Wednesday, September 11th.

Insider Buying and Selling

In other Cantaloupe news, Director Douglas Bergeron acquired 36,000 shares of Cantaloupe stock in a transaction on Monday, September 30th. The shares were bought at an average price of $7.41 per share, with a total value of $266,760.00. Following the completion of the purchase, the director now owns 462,319 shares in the company, valued at $3,425,783.79. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Douglas Bergeron acquired 36,000 shares of the company’s stock in a transaction that occurred on Monday, September 30th. The stock was acquired at an average price of $7.41 per share, for a total transaction of $266,760.00. Following the completion of the acquisition, the director now owns 462,319 shares of the company’s stock, valued at $3,425,783.79. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Ravi Venkatesan purchased 8,000 shares of the stock in a transaction on Friday, September 13th. The stock was acquired at an average price of $6.30 per share, with a total value of $50,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at approximately $860,945.40. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 57,866 shares of company stock worth $416,302 in the last 90 days. 6.30% of the stock is owned by company insiders.

Cantaloupe Company Profile

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.