Cantaloupe, Inc. (NASDAQ:CTLP – Get Rating) major shareholder Hudson Executive Capital Lp bought 17,940 shares of the stock in a transaction on Wednesday, May 25th. The stock was acquired at an average cost of $4.83 per share, for a total transaction of $86,650.20. Following the acquisition, the insider now directly owns 12,245,860 shares in the company, valued at $59,147,503.80. The transaction was disclosed in a filing with the SEC, which is available through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Hudson Executive Capital Lp also recently made the following trade(s):

• On Monday, May 23rd, Hudson Executive Capital Lp bought 66,215 shares of Cantaloupe stock. The stock was acquired at an average cost of $4.50 per share, for a total transaction of $297,967.50.

Shares of CTLP stock traded up $0.38 during mid-day trading on Wednesday, reaching $5.06. The stock had a trading volume of 1,276,529 shares, compared to its average volume of 244,411. The firm’s 50 day simple moving average is $5.73 and its 200 day simple moving average is $7.09. The company has a quick ratio of 1.72, a current ratio of 1.93 and a debt-to-equity ratio of 0.09. Cantaloupe, Inc. has a one year low of $4.28 and a one year high of $13.25. The firm has a market cap of $359.82 million, a PE ratio of 119.78 and a beta of 2.05.

Cantaloupe (NASDAQ:CTLP – Get Rating) last announced its quarterly earnings data on Thursday, May 5th. The technology company reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.03) by $0.06. Cantaloupe had a return on equity of 1.98% and a net margin of 1.55%. The company had revenue of $50.30 million during the quarter, compared to the consensus estimate of $51.71 million. During the same quarter last year, the company earned ($0.03) EPS. Sell-side analysts forecast that Cantaloupe, Inc. will post -0.01 earnings per share for the current fiscal year.

A number of analysts have issued reports on CTLP shares. Lake Street Capital lowered their target price on Cantaloupe from $14.00 to $8.00 in a report on Friday, May 6th. Zacks Investment Research raised Cantaloupe from a “hold” rating to a “strong-buy” rating and set a $5.50 target price on the stock in a report on Tuesday, May 10th. Finally, Barrington Research lowered their target price on Cantaloupe from $15.00 to $13.00 in a report on Tuesday, May 10th. Three analysts have rated the stock with a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $10.88.

Several hedge funds have recently made changes to their positions in the business. Jane Street Group LLC bought a new position in shares of Cantaloupe during the 1st quarter worth approximately $96,000. Goldman Sachs Group Inc. lifted its position in shares of Cantaloupe by 208.1% during the 1st quarter. Goldman Sachs Group Inc. now owns 65,712 shares of the technology company’s stock worth $444,000 after buying an additional 44,386 shares during the period. G2 Investment Partners Management LLC lifted its position in shares of Cantaloupe by 0.5% during the 1st quarter. G2 Investment Partners Management LLC now owns 1,433,412 shares of the technology company’s stock worth $9,704,000 after buying an additional 7,100 shares during the period. Engineers Gate Manager LP bought a new position in shares of Cantaloupe during the 1st quarter worth approximately $330,000. Finally, Atria Wealth Solutions Inc. bought a new position in shares of Cantaloupe during the 1st quarter worth approximately $120,000. Institutional investors own 83.37% of the company’s stock.

About Cantaloupe (Get Rating)

Cantaloupe, Inc, a digital payment and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment devices in the field for the wireless transfer.

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