Inspire Investing LLC Invests $416,000 in Cantaloupe, Inc. (NASDAQ:CTLP)

Inspire Investing LLC bought a new position in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 56,189 shares of the technology company's stock, valued at approximately $416,000. Inspire Investing LLC owned approximately 0.08% of Cantaloupe as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Disciplined Growth Investors Inc. MN lifted its holdings in Cantaloupe by 0.9% during the second quarter. Disciplined Growth Investors Inc. MN now owns 1,601,261 shares of the technology company's stock valued at $10,568,000 after purchasing an additional 14,431 shares in the last quarter. Archon Capital Management LLC raised its position in shares of Cantaloupe by 8.2% during the 1st quarter. Archon Capital Management LLC now owns 1,434,125 shares of the technology company's stock worth $9,221,000 after purchasing an additional 108,423 shares during the last quarter. First Eagle Investment Management LLC purchased a new position in Cantaloupe in the 2nd quarter valued at about $2,276,000. Bank of New York Mellon Corp boosted its holdings in Cantaloupe by 10.8% in the 2nd quarter. Bank of New York Mellon Corp now owns 212,891 shares of the technology company's stock worth $1,405,000 after buying an additional 20,835 shares during the last quarter. Finally, North Star Investment Management Corp. purchased a new stake in Cantaloupe during the 1st quarter worth approximately $1,093,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cantaloupe

In other Cantaloupe news, Director Douglas Bergeron bought 13,866 shares of Cantaloupe stock in a transaction on Thursday, September 26th. The shares were bought at an average price of $7.15 per share, for a total transaction of $99,141.90. Following the completion of the transaction, the director now directly owns 192,185 shares of the company's stock, valued at $1,374,122.75. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO Ravi Venkatesan acquired 8,000 shares of the stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average price of $6.30 per share, with a total value of $50,400.00. Following the transaction, the chief executive officer now owns 136,658 shares of the company's stock, valued at approximately $860,945.40. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Douglas Bergeron bought 13,866 shares of the company's stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average price of $7.15 per share, with a total value of $99,141.90. Following the acquisition, the director now directly owns 192,185 shares in the company, valued at $1,374,122.75. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 57,866 shares of company stock worth $416,302. Insiders own 6.30% of the company's stock.

Cantaloupe Trading Up 2.1 %

Shares of CTLP traded up $0.19 during midday trading on Wednesday, reaching $9.24. The company had a trading volume of 308,989 shares, compared to its average volume of 332,512. The firm has a 50 day simple moving average of $7.12 and a 200-day simple moving average of $6.81. 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 stock has a market cap of $674.43 million, a PE ratio of 61.20 and a beta of 1.71. Cantaloupe, Inc. has a 1-year low of $5.74 and a 1-year high of $9.31.

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

Analyst Ratings Changes

Several equities analysts have recently weighed in on CTLP shares. Barrington Research restated an "outperform" rating and issued a $10.00 target price on shares of Cantaloupe in a research report on Friday, September 13th. Benchmark restated a "buy" rating and issued a $10.00 price objective on shares of Cantaloupe in a report on Wednesday, September 11th. Northland Securities reaffirmed an "outperform" rating and set a $10.00 target price on shares of Cantaloupe in a report on Friday, July 12th. Finally, Craig Hallum decreased their price target on shares of Cantaloupe from $13.00 to $11.00 and set a "buy" rating on the stock in a research note on Wednesday, September 11th.

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.