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

Wasatch Advisors LP cut its stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 5.1% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,530,864 shares of the technology company's stock after selling 82,193 shares during the period. Wasatch Advisors LP owned about 2.10% of Cantaloupe worth $14,559,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Harvest Fund Management Co. Ltd acquired a new stake in Cantaloupe in the 4th quarter worth about $40,000. Parkside Financial Bank & Trust purchased a new stake in shares of Cantaloupe during the fourth quarter worth approximately $47,000. New York State Common Retirement Fund raised its stake in Cantaloupe by 75.8% in the 4th quarter. New York State Common Retirement Fund now owns 7,884 shares of the technology company's stock valued at $75,000 after purchasing an additional 3,400 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Cantaloupe in the 4th quarter valued at $91,000. Finally, Truist Financial Corp acquired a new stake in Cantaloupe during the 4th quarter worth $111,000. Institutional investors and hedge funds own 75.75% of the company's stock.

Cantaloupe Trading Up 1.7 %

CTLP stock traded up $0.13 during midday trading on Tuesday, hitting $7.52. 57,545 shares of the company's stock were exchanged, compared to its average volume of 391,918. Cantaloupe, Inc. has a 1-year low of $5.75 and a 1-year high of $11.36. The company has a current ratio of 1.81, a quick ratio of 1.12 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $548.86 million, a PE ratio of 37.40 and a beta of 1.45. The business has a 50-day simple moving average of $8.58 and a two-hundred day simple moving average of $8.87.

Cantaloupe (NASDAQ:CTLP - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.06 by $0.01. Cantaloupe had a net margin of 5.40% and a return on equity of 8.36%. During the same period last year, the company posted $0.04 EPS. On average, sell-side analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CTLP. Barrington Research reissued an "outperform" rating and issued a $14.00 price target on shares of Cantaloupe in a research note on Thursday, March 27th. Benchmark boosted their price target on shares of Cantaloupe from $11.00 to $13.00 and gave the company a "buy" rating in a research report on Wednesday, February 26th.

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.