XTX Topco Ltd Trims Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

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

Other institutional investors have also recently added to or reduced their stakes in the company. First Eagle Investment Management LLC purchased a new position in shares of Cantaloupe during the second quarter worth $2,276,000. ClariVest Asset Management LLC boosted its holdings in Cantaloupe by 2.8% during the 2nd quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company’s stock valued at $742,000 after acquiring an additional 3,011 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cantaloupe by 68.4% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock valued at $152,000 after acquiring an additional 9,374 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Cantaloupe by 10.8% during the second quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company’s stock worth $1,405,000 after purchasing an additional 20,835 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of Cantaloupe during the second quarter worth about $89,000. Institutional investors and hedge funds own 75.75% of the company’s stock.

Cantaloupe Price Performance

Shares of CTLP opened at $7.87 on Wednesday. The firm has a market capitalization of $573.01 million, a price-to-earnings ratio of 49.19 and a beta of 1.70. The firm’s fifty day simple moving average is $6.91 and its 200-day simple moving average is $6.66. Cantaloupe, Inc. has a twelve month low of $5.74 and a twelve month high of $8.21. The company has a current ratio of 1.49, a quick ratio of 1.10 and a debt-to-equity ratio of 0.20.

Cantaloupe (NASDAQ:CTLP) last posted its quarterly earnings results on Tuesday, September 10th. The technology company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.05 by ($0.02). The business had revenue of $72.66 million during 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 prior year, the business earned $0.04 earnings per share. Equities analysts forecast that Cantaloupe, Inc. will post 0.31 EPS for the current fiscal year.

Insider Transactions at Cantaloupe

In other Cantaloupe news, CEO Ravi Venkatesan purchased 8,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of $6.30 per share, with a total value of $50,400.00. Following the completion of the acquisition, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at approximately $860,945.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Ravi Venkatesan acquired 8,000 shares of Cantaloupe stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $6.30 per share, for a total transaction of $50,400.00. Following the transaction, 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 SEC, which can be accessed through this hyperlink. Also, Director Douglas Bergeron bought 13,866 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average cost of $7.15 per share, for a total transaction of $99,141.90. Following the completion of the transaction, the director now directly owns 192,185 shares in the company, valued at $1,374,122.75. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 57,866 shares of company stock valued at $416,302. Corporate insiders own 4.30% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Northland Securities restated an “outperform” rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Friday, July 12th. Barrington Research reaffirmed an “outperform” rating and set a $10.00 price objective on shares of Cantaloupe in a research report on Friday, September 13th. Craig Hallum decreased their target price on Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 11th. Finally, Benchmark restated a “buy” rating and set a $10.00 price target on shares of Cantaloupe in a report on Wednesday, September 11th. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Cantaloupe has a consensus rating of “Buy” and an average price target of $10.00.

Cantaloupe 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.