Geode Capital Management LLC Buys 244,659 Shares of Cantaloupe, Inc. $CTLP

Geode Capital Management LLC grew its stake in Cantaloupe, Inc. (NASDAQ:CTLP) by 17.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,637,446 shares of the technology company’s stock after acquiring an additional 244,659 shares during the period. Geode Capital Management LLC owned 2.23% of Cantaloupe worth $17,997,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CTLP. Inspire Investing LLC grew its stake 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 valued at $340,000 after purchasing an additional 1,470 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Cantaloupe by 5.7% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 30,263 shares of the technology company’s stock worth $238,000 after buying an additional 1,622 shares in the last quarter. Rhumbline Advisers boosted its position in Cantaloupe by 3.4% in the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company’s stock valued at $659,000 after buying an additional 2,725 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Cantaloupe by 62.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,296 shares of the technology company’s stock valued at $80,000 after buying an additional 2,803 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. increased its stake in shares of Cantaloupe by 6.1% in the 1st quarter. Fuller & Thaler Asset Management Inc. now owns 55,992 shares of the technology company’s stock valued at $441,000 after buying an additional 3,200 shares during the period. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Price Performance

Cantaloupe stock opened at $10.67 on Monday. 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 firm has a market capitalization of $786.35 million, a P/E ratio of 13.51 and a beta of 1.07. The business has a 50-day moving average of $10.60 and a 200-day moving average of $10.50. Cantaloupe, Inc. has a 1 year low of $7.01 and a 1 year high of $11.36.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CTLP. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Cantaloupe in a research note on Tuesday, November 25th. Zacks Research raised Cantaloupe from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 18th. Seven equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $12.73.

Insider Buying and Selling

In other Cantaloupe news, CFO Scott Matthew Stewart sold 62,830 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $10.63, for a total value of $667,882.90. Following the completion of the sale, the chief financial officer owned 53,009 shares of the company’s stock, valued at approximately $563,485.67. This represents a 54.24% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Gaurav Singal sold 200,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $10.63, for a total transaction of $2,126,000.00. Following the completion of the sale, the chief technology officer owned 40,533 shares in the company, valued at approximately $430,865.79. This trade represents a 83.15% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 277,374 shares of company stock valued at $2,948,195. Corporate insiders own 7.10% 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.