Renaissance Technologies LLC Lowers Holdings in Cantaloupe, Inc. (NASDAQ:CTLP)

Renaissance Technologies LLC reduced its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 24.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 246,100 shares of the technology company's stock after selling 80,100 shares during the period. Renaissance Technologies LLC owned 0.34% of Cantaloupe worth $1,624,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CTLP. Assenagon Asset Management S.A. bought a new stake in Cantaloupe in the second quarter valued at $89,000. Price T Rowe Associates Inc. MD increased its stake in Cantaloupe by 23.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 17,109 shares of the technology company's stock valued at $111,000 after purchasing an additional 3,197 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cantaloupe by 68.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company's stock valued at $152,000 after purchasing an additional 9,374 shares in the last quarter. Jupiter Asset Management Ltd. increased its stake in Cantaloupe by 11.4% in the first quarter. Jupiter Asset Management Ltd. now owns 34,558 shares of the technology company's stock valued at $222,000 after purchasing an additional 3,536 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC increased its stake in Cantaloupe by 53.2% in the first quarter. Susquehanna Fundamental Investments LLC now owns 50,333 shares of the technology company's stock valued at $324,000 after purchasing an additional 17,479 shares in the last quarter. 75.75% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CTLP has been the subject of several recent research reports. Benchmark reissued a "buy" rating and set a $10.00 target price on shares of Cantaloupe in a research report on Wednesday, September 11th. Barrington Research reissued an "outperform" rating and set a $10.00 target price on shares of Cantaloupe in a research report on Friday, September 13th. Northland Securities reissued an "outperform" rating and set a $10.00 target price on shares of Cantaloupe in a research report on Friday, July 12th. Finally, Craig Hallum decreased their target price on shares of Cantaloupe from $13.00 to $11.00 and set a "buy" rating for the company in a research report on Wednesday, September 11th.

Insiders Place Their Bets

In related news, CEO Ravi Venkatesan bought 8,000 shares of Cantaloupe stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $6.30 per share, with a total value of $50,400.00. Following the transaction, the chief executive officer now directly owns 136,658 shares of the company's stock, valued at approximately $860,945.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Ravi Venkatesan bought 8,000 shares of Cantaloupe stock in a transaction dated Friday, September 13th. The stock was purchased at an average cost of $6.30 per share, with a total value of $50,400.00. Following the transaction, the chief executive officer now directly owns 136,658 shares of the company's stock, valued at approximately $860,945.40. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas Bergeron bought 36,000 shares of Cantaloupe stock in a transaction dated Monday, September 30th. The shares were bought at an average cost of $7.41 per share, with a total value of $266,760.00. Following the completion of the transaction, the director now directly owns 462,319 shares in the company, valued at approximately $3,425,783.79. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders bought 57,866 shares of company stock valued at $416,302. Corporate insiders own 4.30% of the company's stock.

Cantaloupe Stock Up 2.2 %

CTLP stock traded up $0.17 during trading on Friday, reaching $7.95. The stock had a trading volume of 329,704 shares, compared to its average volume of 322,097. Cantaloupe, Inc. has a one year low of $5.74 and a one year high of $8.21. The company has a quick ratio of 1.10, a current ratio of 1.49 and a debt-to-equity ratio of 0.20. The company's 50 day moving average is $6.92 and its two-hundred day moving average is $6.68. The company has a market capitalization of $580.27 million, a price-to-earnings ratio of 49.57 and a beta of 1.71.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The technology company reported $0.03 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.05 by ($0.02). Cantaloupe had a return on equity of 6.83% and a net margin of 4.47%. The firm had revenue of $72.66 million during the quarter, compared to the consensus estimate of $76.14 million. During the same period in the previous year, the company posted $0.04 earnings per share. Equities research analysts forecast that Cantaloupe, Inc. will post 0.31 EPS for the current year.

Cantaloupe Profile

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.