CompoSecure, Inc. (NASDAQ:CMPO) Insider Adam Joseph Lowe Sells 18,818 Shares

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) insider Adam Joseph Lowe sold 18,818 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $10.97, for a total value of $206,433.46. Following the transaction, the insider now directly owns 1,486,036 shares of the company's stock, valued at approximately $16,301,814.92. This represents a 1.25 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

CompoSecure Stock Performance

NASDAQ CMPO traded up $0.63 during trading hours on Friday, hitting $11.02. The company had a trading volume of 1,070,143 shares, compared to its average volume of 756,860. The business has a 50 day moving average of $14.52 and a 200-day moving average of $14.55. The company has a market cap of $1.13 billion, a PE ratio of -25.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77. CompoSecure, Inc. has a 1-year low of $5.69 and a 1-year high of $17.71.

Institutional Trading of CompoSecure

Large investors have recently made changes to their positions in the company. Verition Fund Management LLC purchased a new stake in CompoSecure in the third quarter valued at approximately $798,000. Geode Capital Management LLC raised its position in CompoSecure by 34.1% in the 3rd quarter. Geode Capital Management LLC now owns 585,746 shares of the company's stock valued at $8,214,000 after purchasing an additional 148,833 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in CompoSecure during the 4th quarter worth $526,000. JPMorgan Chase & Co. increased its stake in CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company's stock valued at $728,000 after purchasing an additional 44,018 shares during the period. Finally, Truist Financial Corp raised its holdings in shares of CompoSecure by 286.9% in the fourth quarter. Truist Financial Corp now owns 48,368 shares of the company's stock valued at $741,000 after buying an additional 35,868 shares during the last quarter. 37.56% of the stock is owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have commented on CMPO shares. TD Cowen began coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price target for the company. JPMorgan Chase & Co. lowered their target price on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Needham & Company LLC cut their price target on CompoSecure from $16.00 to $15.00 and set a "buy" rating on the stock in a research note on Thursday, March 6th. Finally, Lake Street Capital lowered their price objective on CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to data from MarketBeat, CompoSecure currently has an average rating of "Moderate Buy" and an average target price of $16.19.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.