Cantaloupe, Inc. (NASDAQ:CTLP) Shares Sold by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC reduced its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 18.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 152,084 shares of the technology company's stock after selling 33,864 shares during the quarter. Greenwood Capital Associates LLC owned 0.21% of Cantaloupe worth $1,446,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company raised its position in Cantaloupe by 15.4% during the second quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company's stock worth $159,000 after acquiring an additional 3,210 shares during the last quarter. Quarry LP purchased a new position in shares of Cantaloupe during the 3rd quarter worth approximately $26,000. Quantbot Technologies LP lifted its stake in Cantaloupe by 34.0% in the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company's stock valued at $116,000 after buying an additional 3,975 shares in the last quarter. Zacks Investment Management grew its holdings in Cantaloupe by 18.0% during the 3rd quarter. Zacks Investment Management now owns 32,586 shares of the technology company's stock valued at $241,000 after buying an additional 4,971 shares during the last quarter. Finally, SG Americas Securities LLC increased its position in Cantaloupe by 25.3% during the fourth quarter. SG Americas Securities LLC now owns 27,817 shares of the technology company's stock worth $265,000 after buying an additional 5,612 shares in the last quarter. 75.75% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CTLP. Barrington Research reaffirmed an "outperform" rating and set a $12.00 price objective on shares of Cantaloupe in a research note on Monday. Northland Securities raised their price target on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an "outperform" rating in a research note on Monday, November 11th. Finally, 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.

Cantaloupe Trading Up 13.7 %

NASDAQ:CTLP traded up $1.19 during mid-day trading on Friday, reaching $9.86. The company's stock had a trading volume of 824,942 shares, compared to its average volume of 290,158. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03. The stock has a market cap of $719.75 million, a P/E ratio of 58.01 and a beta of 1.64. The company's fifty day simple moving average is $8.94 and its two-hundred day simple moving average is $8.21. Cantaloupe, Inc. has a twelve month low of $5.74 and a twelve month high of $10.48.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last released its earnings results on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same period in the previous year, the firm earned $0.04 EPS. On average, equities analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current year.

About Cantaloupe

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.