Vanguard Group Inc. Acquires 46,252 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Vanguard Group Inc. raised its holdings in Cantaloupe, Inc. (NASDAQ:CTLP) by 1.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,331,780 shares of the technology company’s stock after acquiring an additional 46,252 shares during the quarter. Vanguard Group Inc. owned approximately 4.58% of Cantaloupe worth $20,824,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of CTLP. Lazard Asset Management LLC bought a new position in Cantaloupe in the 1st quarter valued at $40,000. FMR LLC grew its position in Cantaloupe by 101.9% in the 3rd quarter. FMR LLC now owns 6,651 shares of the technology company’s stock valued at $42,000 after acquiring an additional 3,356 shares during the last quarter. Alliancebernstein L.P. purchased a new stake in shares of Cantaloupe in the 4th quarter worth $47,000. Zurcher Kantonalbank Zurich Cantonalbank purchased a new stake in shares of Cantaloupe in the 2nd quarter worth $49,000. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of 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 buying an additional 11,206 shares during the period. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Trading Down 2.3 %

Shares of NASDAQ CTLP opened at $6.33 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.64 and a quick ratio of 1.20. The stock has a market capitalization of $460.82 million, a P/E ratio of 33.32 and a beta of 1.55. Cantaloupe, Inc. has a 1-year low of $5.36 and a 1-year high of $8.28. The business has a fifty day moving average price of $6.41 and a 200 day moving average price of $6.72.

Cantaloupe (NASDAQ:CTLP) last issued its quarterly earnings data on Thursday, February 8th. The technology company reported $0.04 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.02. The firm had revenue of $65.36 million during the quarter, compared to analysts’ expectations of $66.92 million. Cantaloupe had a return on equity of 8.95% and a net margin of 5.90%. Equities research analysts expect that Cantaloupe, Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ravi Venkatesan acquired 7,749 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the purchase, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at approximately $829,844.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Ravi Venkatesan acquired 7,749 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was purchased at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the purchase, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at approximately $829,844.10. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total value of $570,666.60. Following the completion of the sale, the insider now owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The disclosure for this sale can be found here. 4.30% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

CTLP has been the subject of several research reports. Barrington Research reiterated an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Wednesday, February 14th. Benchmark reiterated a “buy” rating and issued a $10.00 target price on shares of Cantaloupe in a report on Monday, March 25th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $9.70.

Cantaloupe Profile

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.