22,205 Shares in Cantaloupe, Inc. (NASDAQ:CTLP) Acquired by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) in the third quarter, according to its most recent disclosure with the SEC. The firm purchased 22,205 shares of the technology company’s stock, valued at approximately $164,000.

Other hedge funds also recently modified their holdings of the company. Assenagon Asset Management S.A. acquired a new stake in shares of Cantaloupe in the second quarter valued at $89,000. Price T Rowe Associates Inc. MD raised its position in Cantaloupe by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company’s stock worth $111,000 after acquiring an additional 3,197 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Cantaloupe by 68.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock worth $152,000 after acquiring an additional 9,374 shares in the last quarter. The Manufacturers Life Insurance Company lifted its holdings in Cantaloupe by 15.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company’s stock valued at $159,000 after acquiring an additional 3,210 shares during the last quarter. Finally, Squarepoint Ops LLC boosted its position in shares of Cantaloupe by 163.2% during the 2nd quarter. Squarepoint Ops LLC now owns 31,228 shares of the technology company’s stock valued at $206,000 after purchasing an additional 19,365 shares in the last quarter. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts recently commented on CTLP shares. Northland Securities reiterated an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Friday, July 12th. Barrington Research reaffirmed an “outperform” rating and issued a $10.00 price target on shares of Cantaloupe in a report on Friday, September 13th. Craig Hallum cut their price objective on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a research report on Wednesday, September 11th. Finally, Benchmark restated a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Wednesday, September 11th.

Insider Activity

In other Cantaloupe news, CEO Ravi Venkatesan purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, September 13th. The shares were purchased at an average cost of $6.30 per share, with a total value of $50,400.00. Following the completion of the transaction, the chief executive officer now 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Cantaloupe news, CEO Ravi Venkatesan bought 8,000 shares of the stock in a transaction on Friday, September 13th. The shares were bought at an average price of $6.30 per share, with a total value of $50,400.00. Following the purchase, the chief executive officer now directly owns 136,658 shares in the company, valued at $860,945.40. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Douglas Bergeron bought 36,000 shares of the company’s stock in a transaction dated 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 acquisition, the director now directly 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 disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 57,866 shares of company stock worth $416,302. 4.30% of the stock is owned by corporate insiders.

Cantaloupe Stock Performance

Cantaloupe stock opened at $9.10 on Friday. Cantaloupe, Inc. has a fifty-two week low of $5.74 and a fifty-two week high of $9.40. The firm’s 50 day simple moving average is $7.42 and its 200-day simple moving average is $6.93. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.49 and a quick ratio of 1.10. The company has a market cap of $662.57 million, a P/E ratio of 56.88 and a beta of 1.71.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. The firm had revenue of $72.66 million during the quarter, compared to analyst estimates of $76.14 million. During the same period in the prior year, the business posted $0.04 EPS. As a group, equities research analysts predict that Cantaloupe, Inc. will post 0.31 EPS for the current year.

About Cantaloupe

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.