CompoSecure (NASDAQ:CMPO) Shares Gap Up on Insider Buying Activity

CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report)'s share price gapped up prior to trading on Wednesday following insider buying activity. The stock had previously closed at $10.88, but opened at $11.58. CompoSecure shares last traded at $11.33, with a volume of 91,410 shares trading hands.

Specifically, Director Joseph J. Deangelo purchased 45,045 shares of the company's stock in a transaction on Monday, March 17th. The stock was acquired at an average price of $11.12 per share, for a total transaction of $500,900.40. Following the completion of the purchase, the director now directly owns 45,045 shares in the company, valued at approximately $500,900.40. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

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

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CompoSecure Stock Down 1.0 %

The firm has a market capitalization of $1.16 billion, a PE ratio of -25.68, a PEG ratio of 2.63 and a beta of 0.77. The business's fifty day moving average price is $14.18 and its 200 day moving average price is $14.55.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. KLP Kapitalforvaltning AS purchased a new position in CompoSecure during the fourth quarter worth about $75,000. FMR LLC raised its holdings in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company's stock worth $83,000 after purchasing an additional 5,156 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in CompoSecure during the third quarter worth about $140,000. Wolverine Asset Management LLC raised its holdings in CompoSecure by 76.3% during the fourth quarter. Wolverine Asset Management LLC now owns 9,335 shares of the company's stock worth $143,000 after purchasing an additional 4,039 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new position in CompoSecure during the third quarter worth about $146,000. 37.56% of the stock is owned by hedge funds and other institutional investors.

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.