Cantaloupe, Inc. (NASDAQ:CTLP) Stock Holdings Cut by Sargent Investment Group LLC

Sargent Investment Group LLC trimmed its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 1.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,731,549 shares of the technology company’s stock after selling 31,895 shares during the quarter. Cantaloupe accounts for approximately 2.8% of Sargent Investment Group LLC’s portfolio, making the stock its 5th largest holding. Sargent Investment Group LLC owned about 2.38% of Cantaloupe worth $12,831,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Cantaloupe by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 3,331,780 shares of the technology company’s stock worth $20,824,000 after acquiring an additional 46,252 shares during the last quarter. Nierenberg Investment Management Company Inc. raised its stake in shares of Cantaloupe by 8.6% during the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 2,631,436 shares of the technology company’s stock worth $16,446,000 after purchasing an additional 209,078 shares during the period. Deutsche Bank AG raised its stake in shares of Cantaloupe by 14.3% during the 3rd quarter. Deutsche Bank AG now owns 2,029,926 shares of the technology company’s stock worth $12,687,000 after purchasing an additional 254,203 shares during the period. Jacob Asset Management of New York LLC raised its stake in shares of Cantaloupe by 22.8% during the 3rd quarter. Jacob Asset Management of New York LLC now owns 396,294 shares of the technology company’s stock worth $2,477,000 after purchasing an additional 73,700 shares during the period. Finally, Towerview LLC raised its stake in shares of Cantaloupe by 2.2% during the 4th quarter. Towerview LLC now owns 230,000 shares of the technology company’s stock worth $1,704,000 after purchasing an additional 5,000 shares during the period. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CTLP. Barrington Research reiterated an “outperform” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Wednesday, February 14th. Benchmark reiterated a “buy” rating and set a $10.00 target price on shares of Cantaloupe in a research note on Monday, March 25th. Five equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $9.70.

Cantaloupe Stock Performance

NASDAQ CTLP traded down $0.08 during trading on Friday, hitting $5.80. 394,427 shares of the company’s stock traded hands, compared to its average volume of 252,203. The stock has a market capitalization of $422.24 million, a price-to-earnings ratio of 30.53 and a beta of 1.55. Cantaloupe, Inc. has a 12-month low of $5.36 and a 12-month high of $8.28. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.20 and a current ratio of 1.64. The business has a 50 day moving average of $6.31 and a 200-day moving average of $6.68.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.04 EPS for the quarter, beating the consensus estimate of $0.02 by $0.02. Cantaloupe had a net margin of 5.90% and a return on equity of 8.95%. The business had revenue of $65.36 million for the quarter, compared to the consensus estimate of $66.92 million. As a group, equities research analysts anticipate that Cantaloupe, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Transactions at Cantaloupe

In other news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the stock in a transaction dated Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total value of $570,666.60. Following the sale, the insider now directly owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Hudson Executive Capital Lp sold 90,582 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $6.30, for a total value of $570,666.60. Following the sale, the insider now directly owns 9,270,694 shares of the company’s stock, valued at $58,405,372.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ravi Venkatesan bought 7,749 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was bought at an average cost of $6.45 per share, for a total transaction of $49,981.05. Following the completion of the purchase, the chief executive officer now directly owns 128,658 shares of the company’s stock, valued at $829,844.10. The disclosure for this purchase can be found here. Insiders own 4.30% of the company’s stock.

About Cantaloupe

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.