Inspire Investing LLC Sells 7,664 Shares of Cantaloupe, Inc. $CTLP

Inspire Investing LLC decreased its holdings in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 17.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,503 shares of the technology company’s stock after selling 7,664 shares during the period. Inspire Investing LLC’s holdings in Cantaloupe were worth $390,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. KLP Kapitalforvaltning AS boosted its position in shares of Cantaloupe by 51.0% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 14,500 shares of the technology company’s stock valued at $159,000 after purchasing an additional 4,900 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Cantaloupe by 62.4% during 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 in the last quarter. Rhumbline Advisers boosted its position in shares of Cantaloupe by 3.4% during the 1st quarter. Rhumbline Advisers now owns 83,698 shares of the technology company’s stock valued at $659,000 after purchasing an additional 2,725 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Cantaloupe during the 1st quarter valued at about $731,000. Finally, Expect Equity LLC bought a new stake in shares of Cantaloupe during the 1st quarter valued at about $711,000. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Performance

Shares of Cantaloupe stock opened at $10.62 on Wednesday. The company has a market cap of $782.59 million, a PE ratio of 13.44 and a beta of 1.07. Cantaloupe, Inc. has a 52 week low of $7.01 and a 52 week high of $11.36. The business has a 50 day moving average price of $10.77 and a 200-day moving average price of $9.81. The company has a quick ratio of 1.30, a current ratio of 1.86 and a debt-to-equity ratio of 0.15.

Analyst Ratings Changes

A number of research analysts recently weighed in on CTLP shares. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Cantaloupe in a research note on Wednesday, October 8th. Craig Hallum downgraded Cantaloupe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. Benchmark downgraded Cantaloupe from a “buy” rating to a “hold” rating in a research note on Tuesday, June 17th. B. Riley downgraded Cantaloupe from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $11.50 to $11.20 in a research note on Tuesday, June 17th. Finally, Northland Capmk downgraded Cantaloupe from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, June 17th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $12.55.

Insider Activity at Cantaloupe

In other news, CTO Gaurav Singal sold 14,544 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $10.61, for a total value of $154,311.84. Following the completion of the sale, the chief technology officer directly owned 25,989 shares of the company’s stock, valued at $275,743.29. This represents a 35.88% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is currently owned by company insiders.

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.