Cantaloupe, Inc. (NASDAQ:CTLP) Shares Sold by XTX Topco Ltd

XTX Topco Ltd cut its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 66.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 17,310 shares of the technology company’s stock after selling 33,897 shares during the quarter. XTX Topco Ltd’s holdings in Cantaloupe were worth $114,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in CTLP. Archon Capital Management LLC increased its position in Cantaloupe by 8.2% in the 1st quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company’s stock valued at $9,221,000 after acquiring an additional 108,423 shares during the period. First Eagle Investment Management LLC purchased a new position in shares of Cantaloupe in the 2nd quarter valued at approximately $2,276,000. Bank of New York Mellon Corp increased its holdings in shares of Cantaloupe by 10.8% in the second quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company’s stock valued at $1,405,000 after purchasing an additional 20,835 shares during the period. North Star Investment Management Corp. purchased a new stake in shares of Cantaloupe during the first quarter worth approximately $1,093,000. Finally, ClariVest Asset Management LLC lifted its holdings in shares of Cantaloupe by 2.8% during the second quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock worth $742,000 after purchasing an additional 3,011 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other 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 completion of the acquisition, the chief executive officer now owns 136,658 shares of the company’s stock, valued at $860,945.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Cantaloupe news, CEO Ravi Venkatesan acquired 8,000 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were acquired at an average cost of $6.30 per share, for a total transaction of $50,400.00. Following the transaction, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at $860,945.40. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Douglas Bergeron bought 13,866 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were acquired at an average price of $7.15 per share, with a total value of $99,141.90. Following the completion of the acquisition, the director now directly owns 192,185 shares in the company, valued at approximately $1,374,122.75. The disclosure for this purchase can be found here. Over the last ninety days, insiders bought 57,866 shares of company stock valued at $416,302. 4.30% of the stock is owned by insiders.

Cantaloupe Stock Performance

Shares of CTLP opened at $7.87 on Wednesday. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. Cantaloupe, Inc. has a 52-week low of $5.74 and a 52-week high of $8.21. The company has a 50-day simple moving average of $6.91 and a 200-day simple moving average of $6.66. The company has a market capitalization of $573.01 million, a PE ratio of 49.19 and a beta of 1.70.

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

Wall Street Analysts Forecast Growth

CTLP has been the topic of several recent research reports. Barrington Research reissued an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a research note on Friday, September 13th. Benchmark reiterated a “buy” rating and set a $10.00 price target on shares of Cantaloupe in a research note on Wednesday, September 11th. Craig Hallum cut their price target on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, Northland Securities reaffirmed an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Friday, July 12th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $10.00.

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.