SG Americas Securities LLC Raises Stock Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

SG Americas Securities LLC grew its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 40.5% during the 4th quarter, Holdings Channel reports. The fund owned 21,265 shares of the technology company’s stock after acquiring an additional 6,125 shares during the period. SG Americas Securities LLC’s holdings in Cantaloupe were worth $158,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CTLP. Swiss National Bank lifted its position in shares of Cantaloupe by 7.1% in the first quarter. Swiss National Bank now owns 125,800 shares of the technology company’s stock valued at $852,000 after acquiring an additional 8,300 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Cantaloupe in the first quarter valued at $72,000. JPMorgan Chase & Co. lifted its position in shares of Cantaloupe by 20.7% in the first quarter. JPMorgan Chase & Co. now owns 27,566 shares of the technology company’s stock valued at $187,000 after acquiring an additional 4,719 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Cantaloupe by 1.2% in the first quarter. Bank of New York Mellon Corp now owns 221,974 shares of the technology company’s stock valued at $1,503,000 after acquiring an additional 2,611 shares in the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Cantaloupe by 14.7% in the first quarter. Rhumbline Advisers now owns 57,608 shares of the technology company’s stock valued at $390,000 after acquiring an additional 7,401 shares in the last quarter. 75.75% of the stock is currently owned by hedge funds and other institutional investors.

Cantaloupe Stock Performance

NASDAQ CTLP opened at $6.26 on Tuesday. The business’s 50-day moving average price is $6.40 and its 200 day moving average price is $6.72. The company has a market capitalization of $455.71 million, a PE ratio of 32.95 and a beta of 1.55. The company has a current ratio of 1.64, a quick ratio of 1.20 and a debt-to-equity ratio of 0.21. Cantaloupe, Inc. has a twelve month low of $5.36 and a twelve month high of $8.28.

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

Insider Transactions at Cantaloupe

In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $6.30, for a total value of $570,666.60. Following the transaction, the insider now directly owns 9,270,694 shares in the company, valued at approximately $58,405,372.20. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CEO Ravi Venkatesan bought 7,749 shares of the stock in a transaction dated Monday, February 12th. The stock was acquired at an average price of $6.45 per share, for a total transaction of $49,981.05. Following the completion of the purchase, the chief executive officer now owns 128,658 shares in the company, valued at $829,844.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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 approximately $58,405,372.20. The disclosure for this sale can be found here. Company insiders own 4.30% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on CTLP shares. Benchmark restated a “buy” rating and issued a $10.00 price objective on shares of Cantaloupe in a research report on Monday, March 25th. Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research report on Wednesday, February 14th. Five analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cantaloupe presently has an average rating of “Buy” and a consensus target price of $9.70.

Cantaloupe Company 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.