Castellum (NYSEAMERICAN:CTM) Stock Price Down 1.9% – What’s Next?

Shares of Castellum, Inc. (NYSEAMERICAN:CTM) were down 1.9% during mid-day trading on Wednesday . The stock traded as low as $1.0050 and last traded at $1.03. Approximately 1,220,999 shares traded hands during trading, a decline of 85% from the average daily volume of 7,949,889 shares. The stock had previously closed at $1.05.

Castellum Price Performance

The company has a current ratio of 4.17, a quick ratio of 4.17 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $97.45 million, a PE ratio of -17.16 and a beta of -10.02. The business has a fifty day moving average price of $1.09 and a 200-day moving average price of $1.12.

Castellum (NYSEAMERICAN:CTM) last announced its quarterly earnings data on Friday, November 7th. The company reported $0.00 earnings per share for the quarter. The company had revenue of $14.62 million for the quarter. Castellum had a negative return on equity of 13.31% and a negative net margin of 7.55%.

Insider Buying and Selling

In other news, insider Mark C. Fuller sold 500,000 shares of the company’s stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $1.12, for a total value of $560,000.00. Following the completion of the sale, the insider owned 6,113,659 shares of the company’s stock, valued at approximately $6,847,298.08. This represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, General Counsel Jay O. Wright sold 160,000 shares of the stock in a transaction on Thursday, November 13th. The shares were sold at an average price of $1.17, for a total transaction of $187,200.00. Following the transaction, the general counsel directly owned 7,523,973 shares in the company, valued at approximately $8,803,048.41. This represents a 2.08% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 766,473 shares of company stock valued at $868,191. Company insiders own 29.79% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. XTX Topco Ltd purchased a new stake in Castellum during the 1st quarter valued at $69,000. Cubist Systematic Strategies LLC purchased a new position in shares of Castellum in the first quarter valued at about $72,000. Savvy Advisors Inc. bought a new position in shares of Castellum during the second quarter valued at about $201,000. Geode Capital Management LLC raised its stake in shares of Castellum by 43.2% during the second quarter. Geode Capital Management LLC now owns 599,198 shares of the company’s stock valued at $629,000 after acquiring an additional 180,673 shares during the last quarter. Finally, Meridian Wealth Management LLC boosted its holdings in shares of Castellum by 6.2% during the second quarter. Meridian Wealth Management LLC now owns 616,800 shares of the company’s stock worth $648,000 after purchasing an additional 36,000 shares during the period. 3.39% of the stock is owned by hedge funds and other institutional investors.

Castellum Company Profile

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.