Sargent Investment Group LLC Sells 33,800 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

Sargent Investment Group LLC reduced its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 2.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,517,243 shares of the technology company’s stock after selling 33,800 shares during the period. Cantaloupe makes up 2.0% of Sargent Investment Group LLC’s investment portfolio, making the stock its 14th biggest position. Sargent Investment Group LLC owned about 2.08% of Cantaloupe worth $11,228,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. GSA Capital Partners LLP purchased a new position in Cantaloupe in the 3rd quarter worth $153,000. Inspire Investing LLC purchased a new position in Cantaloupe in the 3rd quarter worth $416,000. SG Americas Securities LLC purchased a new position in Cantaloupe in the 3rd quarter worth $164,000. Disciplined Growth Investors Inc. MN raised its position in Cantaloupe by 0.9% in the 2nd quarter. Disciplined Growth Investors Inc. MN now owns 1,601,261 shares of the technology company’s stock worth $10,568,000 after purchasing an additional 14,431 shares during the period. Finally, Susquehanna Fundamental Investments LLC raised its position in Cantaloupe by 7.3% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company’s stock worth $357,000 after purchasing an additional 3,690 shares during the period. 75.75% of the stock is owned by institutional investors.

Cantaloupe Price Performance

CTLP stock traded down $0.28 during trading on Thursday, hitting $8.91. 118,613 shares of the company’s stock traded hands, compared to its average volume of 338,001. Cantaloupe, Inc. has a 52 week low of $5.74 and a 52 week high of $9.67. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.03 and a current ratio of 1.60. The business has a fifty day simple moving average of $8.09 and a 200 day simple moving average of $7.24. The stock has a market capitalization of $650.31 million, a price-to-earnings ratio of 54.06 and a beta of 1.68.

Cantaloupe (NASDAQ:CTLP) last released its earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The firm had revenue of $70.84 million during the quarter, compared to analyst estimates of $70.54 million. During the same quarter last year, the business earned $0.02 EPS. As a group, research analysts expect that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Craig Hallum decreased their target price on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating on the stock in a research report on Wednesday, September 11th. Northland Securities boosted their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a research report on Monday. Benchmark boosted their price objective on shares of Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Finally, Barrington Research reiterated an “outperform” rating and set a $10.00 price target on shares of Cantaloupe in a research report on Monday, November 4th.

Insiders Place Their Bets

In other news, Director Douglas Bergeron bought 36,000 shares of the firm’s stock in a transaction that occurred on Monday, September 30th. The stock was purchased at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the purchase, the director now directly owns 462,319 shares in the company, valued at approximately $3,425,783.79. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Cantaloupe news, Director Douglas Bergeron bought 36,000 shares of Cantaloupe stock in a transaction dated Monday, September 30th. The stock was acquired at an average cost of $7.41 per share, for a total transaction of $266,760.00. Following the completion of the transaction, the director now directly owns 462,319 shares of the company’s stock, valued at approximately $3,425,783.79. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Ravi Venkatesan bought 8,000 shares of Cantaloupe stock in a transaction dated Friday, September 13th. The stock was acquired at an average price of $6.30 per share, with a total value of $50,400.00. Following the completion of the transaction, the chief executive officer now directly owns 136,658 shares of the company’s stock, valued at approximately $860,945.40. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 57,866 shares of company stock valued at $416,302. 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.