Voya Investment Management LLC Sells 1,908 Shares of Cantaloupe, Inc. $CTLP

Voya Investment Management LLC reduced its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 10.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,863 shares of the technology company’s stock after selling 1,908 shares during the quarter. Voya Investment Management LLC’s holdings in Cantaloupe were worth $133,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Inspire Investing LLC boosted its position in shares of Cantaloupe by 3.5% during the first quarter. Inspire Investing LLC now owns 43,167 shares of the technology company’s stock worth $340,000 after acquiring an additional 1,470 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Cantaloupe by 5.7% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company’s stock worth $238,000 after acquiring an additional 1,622 shares during the last quarter. Rhumbline Advisers boosted its position in shares of Cantaloupe by 3.4% during the first quarter. Rhumbline Advisers now owns 83,698 shares of the technology company’s stock worth $659,000 after acquiring an additional 2,725 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in shares of Cantaloupe by 6.1% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 55,992 shares of the technology company’s stock worth $441,000 after acquiring an additional 3,200 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its position in shares of Cantaloupe by 8,886.0% during the first quarter. Farther Finance Advisors LLC now owns 4,493 shares of the technology company’s stock worth $35,000 after acquiring an additional 4,443 shares during the last quarter. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Trading Down 0.3%

Shares of CTLP opened at $10.57 on Wednesday. The company’s fifty day simple moving average is $10.86 and its 200-day simple moving average is $9.62. The company has a current ratio of 1.86, a quick ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $775.51 million, a P/E ratio of 13.38 and a beta of 1.09. Cantaloupe, Inc. has a twelve month low of $7.01 and a twelve month high of $11.36.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on CTLP shares. William Blair lowered shares of Cantaloupe from an “outperform” rating to a “market perform” rating in a research report on Monday, June 16th. Barrington Research lowered shares of Cantaloupe from a “strong-buy” rating to a “strong sell” rating in a research report on Monday, June 16th. Craig Hallum lowered shares of Cantaloupe from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 17th. Benchmark downgraded shares of Cantaloupe from a “buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Finally, B. Riley downgraded shares of Cantaloupe from a “buy” rating to a “neutral” rating and decreased their price target for the company from $11.50 to $11.20 in a research note on Tuesday, June 17th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $12.55.

Insider Activity at Cantaloupe

In other news, CTO Gaurav Singal sold 200,000 shares of the company’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $10.63, for a total value of $2,126,000.00. Following the transaction, the chief technology officer directly owned 40,533 shares in the company, valued at approximately $430,865.79. This represents a 83.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 6.30% of the company’s stock.

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.