Cantaloupe, Inc. (NASDAQ:CTLP) Shares Bought by Wasatch Advisors LP

Wasatch Advisors LP increased its stake in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 20.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,613,057 shares of the technology company's stock after acquiring an additional 271,782 shares during the period. Wasatch Advisors LP owned approximately 2.21% of Cantaloupe worth $11,937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ARS Investment Partners LLC raised its position in shares of Cantaloupe by 3.4% in the 2nd quarter. ARS Investment Partners LLC now owns 50,059 shares of the technology company's stock worth $330,000 after buying an additional 1,650 shares during the period. ClariVest Asset Management LLC raised its holdings in shares of Cantaloupe by 2.8% in the 2nd quarter. ClariVest Asset Management LLC now owns 112,469 shares of the technology company's stock worth $742,000 after purchasing an additional 3,011 shares during the period. Price T Rowe Associates Inc. MD lifted its stake in shares of Cantaloupe by 23.0% in the 1st 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. The Manufacturers Life Insurance Company grew its holdings in shares of Cantaloupe by 15.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,079 shares of the technology company's stock worth $159,000 after purchasing an additional 3,210 shares during the period. Finally, Susquehanna Fundamental Investments LLC increased its position in Cantaloupe by 7.3% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 54,023 shares of the technology company's stock worth $357,000 after purchasing an additional 3,690 shares in the last quarter. Institutional investors and hedge funds own 75.75% of the company's stock.

Insider Activity at Cantaloupe

In related news, Director Douglas Bergeron acquired 36,000 shares of the firm's stock in a transaction on Monday, September 30th. The stock was bought at an average cost of $7.41 per share, with a total value of $266,760.00. Following the acquisition, the director now directly owns 462,319 shares in the company, valued at approximately $3,425,783.79. The trade was a 8.44 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ravi Venkatesan acquired 8,000 shares of the business's stock in a transaction on Friday, September 13th. The shares were purchased at an average price of $6.30 per share, for a total transaction of $50,400.00. Following the purchase, the chief executive officer now directly owns 136,658 shares of the company's stock, valued at $860,945.40. This represents a 6.22 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last 90 days, insiders acquired 57,866 shares of company stock valued at $416,302. Insiders own 6.30% of the company's stock.

Cantaloupe Stock Up 0.3 %

Shares of NASDAQ CTLP traded up $0.03 during trading on Friday, reaching $9.08. 168,814 shares of the stock were exchanged, compared to its average volume of 462,314. The company has a market capitalization of $662.75 million, a price-to-earnings ratio of 53.41 and a beta of 1.68. The business's 50-day moving average price is $8.73 and its 200 day moving average price is $7.49. The company has a quick ratio of 1.03, a current ratio of 1.60 and a debt-to-equity ratio of 0.19. Cantaloupe, Inc. has a twelve month low of $5.74 and a twelve month high of $9.67.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The technology company reported $0.04 EPS for the quarter, hitting analysts' consensus estimates of $0.04. The firm had revenue of $70.84 million for the quarter, compared to analyst estimates of $70.54 million. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. During the same quarter in the previous year, the business posted $0.02 EPS. As a group, equities analysts forecast that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CTLP. Barrington Research reaffirmed an "outperform" rating and set a $10.00 price target on shares of Cantaloupe in a research report on Monday, November 4th. Northland Securities lifted their target price on shares of Cantaloupe from $10.00 to $12.00 and gave the company an "outperform" rating in a report on Monday, November 11th. Craig Hallum lowered their price target on Cantaloupe from $13.00 to $11.00 and set a "buy" rating for the company in a report on Wednesday, September 11th. Finally, Benchmark raised their price objective on Cantaloupe from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Friday, November 8th.

Cantaloupe Company 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.