Castellum (NYSEAMERICAN:CTM) Shares Up 0.9% – Should You Buy?

Shares of Castellum, Inc. (NYSEAMERICAN:CTM) traded up 0.9% during trading on Monday . The company traded as high as $1.22 and last traded at $1.18. 1,784,528 shares traded hands during mid-day trading, a decline of 54% from the average session volume of 3,843,520 shares. The stock had previously closed at $1.17.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CTM. UBS Group upgraded Castellum from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 23rd. Maxim Group set a $3.00 price objective on shares of Castellum and gave the company a “buy” rating in a research note on Thursday, April 24th.

Castellum Trading Up 0.9%

The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. The business’s 50-day moving average is $1.03 and its two-hundred day moving average is $0.79. The firm has a market cap of $82.53 million, a P/E ratio of -6.94 and a beta of -12.75.

Insiders Place Their Bets

In related news, Director Mark C. Fuller sold 500,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $1.05, for a total value of $525,000.00. Following the completion of the transaction, the director now owns 6,613,659 shares in the company, valued at $6,944,341.95. This represents a 7.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, General Counsel Jay O. Wright sold 259,400 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $1.07, for a total transaction of $277,558.00. Following the completion of the transaction, the general counsel now owns 9,023,673 shares of the company’s stock, valued at $9,655,330.11. This represents a 2.79% decrease in their position. The disclosure for this sale can be found here. 45.55% of the stock is owned by insiders.

Hedge Funds Weigh In On Castellum

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its stake in shares of Castellum by 2,180.2% during the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company’s stock worth $898,000 after acquiring an additional 429,310 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Castellum in the 4th quarter valued at $2,456,000. Geode Capital Management LLC boosted its position in shares of Castellum by 49.9% in the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company’s stock valued at $599,000 after purchasing an additional 99,714 shares during the period. PKS Advisory Services LLC acquired a new position in shares of Castellum in the 4th quarter valued at $84,000. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Castellum in the 1st quarter valued at $72,000. 3.39% of the stock is owned by institutional investors.

About Castellum

Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.