Insider Selling: Coda Octopus Group (NASDAQ:CODA) CFO Sells $28,403.04 in Stock

Coda Octopus Group Inc. (NASDAQ:CODA) CFO Gayle Michelle Jardine sold 2,256 shares of Coda Octopus Group stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $12.59, for a total value of $28,403.04. Following the transaction, the chief financial officer directly owned 2,500 shares in the company, valued at $31,475. The trade was a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Coda Octopus Group Stock Performance

CODA stock opened at $12.22 on Monday. The stock has a 50-day moving average price of $12.86 and a 200-day moving average price of $10.60. Coda Octopus Group Inc. has a 1-year low of $5.97 and a 1-year high of $17.28. The firm has a market cap of $137.84 million, a PE ratio of 33.94 and a beta of 0.54.

Coda Octopus Group (NASDAQ:CODA) last posted its quarterly earnings data on Tuesday, March 17th. The company reported $0.08 earnings per share for the quarter, topping the consensus estimate of $0.06 by $0.02. Coda Octopus Group had a return on equity of 7.17% and a net margin of 14.78%.The firm had revenue of $6.71 million during the quarter, compared to analyst estimates of $6.23 million.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Alliance Global Partners reissued a “buy” rating on shares of Coda Octopus Group in a research report on Monday, February 9th. Wall Street Zen lowered Coda Octopus Group from a “strong-buy” rating to a “buy” rating in a research report on Saturday, March 7th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Coda Octopus Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Coda Octopus Group currently has a consensus rating of “Moderate Buy”.

Institutional Trading of Coda Octopus Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in Coda Octopus Group by 2.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,561 shares of the company’s stock valued at $494,000 after buying an additional 1,562 shares in the last quarter. State Street Corp increased its position in Coda Octopus Group by 6.3% in the 4th quarter. State Street Corp now owns 33,903 shares of the company’s stock valued at $315,000 after buying an additional 2,000 shares in the last quarter. Bank of America Corp DE increased its position in Coda Octopus Group by 5,475.0% in the 3rd quarter. Bank of America Corp DE now owns 3,122 shares of the company’s stock valued at $25,000 after buying an additional 3,066 shares in the last quarter. Commonwealth Equity Services LLC increased its position in Coda Octopus Group by 50.0% in the 4th quarter. Commonwealth Equity Services LLC now owns 15,000 shares of the company’s stock valued at $140,000 after buying an additional 5,000 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Coda Octopus Group by 2.1% during the 3rd quarter. Vanguard Group Inc. now owns 304,058 shares of the company’s stock worth $2,440,000 after purchasing an additional 6,231 shares in the last quarter. 20.12% of the stock is owned by institutional investors.

About Coda Octopus Group

Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company’s product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.

The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.