Samjo Management LLC Increases Stock Holdings in Cantaloupe, Inc. $CTLP

Samjo Management LLC lifted its position in Cantaloupe, Inc. (NASDAQ:CTLP - Free Report) by 49.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,257,785 shares of the technology company's stock after buying an additional 415,780 shares during the quarter. Cantaloupe comprises approximately 5.8% of Samjo Management LLC's holdings, making the stock its 5th biggest position. Samjo Management LLC owned approximately 1.72% of Cantaloupe worth $13,823,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CTLP. Farther Finance Advisors LLC raised its holdings in shares of Cantaloupe by 62.4% in the 2nd quarter. Farther Finance Advisors LLC now owns 7,296 shares of the technology company's stock valued at $80,000 after purchasing an additional 2,803 shares during the period. Credit Industriel ET Commercial bought a new position in Cantaloupe during the second quarter worth about $1,126,000. Eisler Capital Management Ltd. bought a new position in Cantaloupe during the second quarter worth about $2,147,000. Wolverine Asset Management LLC acquired a new position in Cantaloupe during the second quarter worth approximately $1,906,000. Finally, Alpine Associates Management Inc. bought a new stake in Cantaloupe in the second quarter valued at approximately $12,053,000. 75.75% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Cantaloupe

In other news, CFO Scott Matthew Stewart sold 62,830 shares of the business's stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $10.63, for a total value of $667,882.90. Following the completion of the sale, the chief financial officer owned 53,009 shares of the company's stock, valued at approximately $563,485.67. The trade was a 54.24% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CTO Gaurav Singal sold 14,544 shares of the company's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $10.61, for a total transaction of $154,311.84. Following the completion of the transaction, the chief technology officer owned 25,989 shares in the company, valued at $275,743.29. This trade represents a 35.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 277,374 shares of company stock valued at $2,948,195 over the last 90 days. 7.10% of the stock is currently owned by corporate insiders.

Cantaloupe Trading Down 0.2%

Shares of NASDAQ:CTLP opened at $10.67 on Monday. Cantaloupe, Inc. has a 12-month low of $7.01 and a 12-month high of $11.36. The business has a 50 day moving average of $10.60 and a 200-day moving average of $10.50. The company has a quick ratio of 1.30, a current ratio of 1.86 and a debt-to-equity ratio of 0.15. The stock has a market cap of $786.35 million, a PE ratio of 13.51 and a beta of 1.07.

Wall Street Analyst Weigh In

CTLP has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Cantaloupe in a research report on Tuesday, November 25th. Zacks Research raised Cantaloupe from a "strong sell" rating to a "hold" rating in a report on Tuesday, November 18th. Seven analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Cantaloupe has an average rating of "Reduce" and an average price target of $12.73.

View Our Latest Stock Report on CTLP

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.

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