Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) COO Sells 24,323 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the sale, the chief operating officer now owns 762,009 shares in the company, valued at approximately $12,382,646.25. This represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Gregoire Maes also recently made the following trade(s):

• On Friday, November 29th, Gregoire Maes sold 540 shares of CompoSecure stock. The shares were sold at an average price of $16.20, for a total transaction of $8,748.00.

CompoSecure Stock Down 1.4 %

CMPO opened at $15.95 on Monday. The business has a fifty day simple moving average of $14.74 and a 200-day simple moving average of $10.79. The firm has a market cap of $1.41 billion, a PE ratio of -36.25, a P/E/G ratio of 1.26 and a beta of 0.76. CompoSecure, Inc. has a fifty-two week low of $4.61 and a fifty-two week high of $16.38.

CompoSecure (NASDAQ:CMPO) last issued its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). The company had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same period in the prior year, the business posted $0.24 EPS. On average, equities research analysts anticipate that CompoSecure, Inc. will post 1.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. B. Riley upped their price target on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price target on shares of CompoSecure in a research note on Monday, November 11th. Bank of America lifted their price target on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research report on Thursday, August 8th. Compass Point upped their price objective on CompoSecure from $11.50 to $14.50 and gave the company a “buy” rating in a report on Tuesday, August 20th. Finally, JPMorgan Chase & Co. lifted their target price on CompoSecure from $8.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, August 20th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $15.79.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in CMPO. Barclays PLC boosted its stake in CompoSecure by 474.6% in the 3rd quarter. Barclays PLC now owns 34,754 shares of the company’s stock worth $488,000 after purchasing an additional 28,706 shares during the period. Geode Capital Management LLC lifted its holdings in shares of CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock valued at $8,214,000 after purchasing an additional 148,833 shares in the last quarter. State Street Corp boosted its position in shares of CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company’s stock worth $5,548,000 after buying an additional 66,232 shares during the period. Quadrature Capital Ltd boosted its position in shares of CompoSecure by 137.3% in the third quarter. Quadrature Capital Ltd now owns 32,071 shares of the company’s stock worth $449,000 after buying an additional 18,554 shares during the period. Finally, Janus Henderson Group PLC grew its holdings in shares of CompoSecure by 43.9% during the third quarter. Janus Henderson Group PLC now owns 17,682 shares of the company’s stock valued at $248,000 after buying an additional 5,396 shares in the last quarter. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.