Castellum (NYSEAMERICAN:CTM) Trading Down 5.4% - Here's What Happened

Castellum, Inc. (NYSEAMERICAN:CTM - Get Free Report) dropped 5.4% on Monday . The stock traded as low as $0.87 and last traded at $0.88. Approximately 651,900 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 3,607,300 shares. The stock had previously closed at $0.93.

Analysts Set New Price Targets

Separately, Maxim Group set a $3.00 price objective on Castellum and gave the company a "buy" rating in a research note on Thursday.

Castellum Stock Performance

The stock has a market cap of $70.29 million, a price-to-earnings ratio of -5.91 and a beta of -12.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The stock's 50-day moving average is $1.03 and its 200-day moving average is $0.67.

Insider Buying and Selling at Castellum

In other news, Director Mark C. Fuller sold 275,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were sold at an average price of $1.49, for a total value of $409,750.00. Following the transaction, the director now owns 7,338,659 shares of the company's stock, valued at approximately $10,934,601.91. This trade represents a 3.61 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 45.55% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in CTM. Bank of New York Mellon Corp acquired a new stake in Castellum during the 4th quarter worth about $2,456,000. PKS Advisory Services LLC purchased a new position in Castellum in the fourth quarter valued at about $84,000. Geode Capital Management LLC grew its stake in shares of Castellum by 49.9% in the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company's stock valued at $599,000 after buying an additional 99,714 shares in the last quarter. Jane Street Group LLC raised its holdings in shares of Castellum by 2,180.2% during the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company's stock valued at $898,000 after purchasing an additional 429,310 shares in the last quarter. Finally, Inscription Capital LLC acquired a new stake in shares of Castellum in the first quarter worth about $265,000. 3.39% of the stock is currently owned by 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.