Versor Investments LP Buys New Shares in Cantaloupe, Inc. $CTLP

Versor Investments LP bought a new stake in shares of Cantaloupe, Inc. (NASDAQ:CTLP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 354,915 shares of the technology company’s stock, valued at approximately $3,901,000. Cantaloupe comprises approximately 0.7% of Versor Investments LP’s investment portfolio, making the stock its 11th biggest holding. Versor Investments LP owned 0.48% of Cantaloupe at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. increased its holdings in Cantaloupe by 0.4% in the 1st quarter. Vanguard Group Inc. now owns 3,553,862 shares of the technology company’s stock valued at $27,969,000 after buying an additional 14,747 shares during the period. Samjo Management LLC increased its holdings in Cantaloupe by 5.5% in the 1st quarter. Samjo Management LLC now owns 842,005 shares of the technology company’s stock valued at $6,627,000 after buying an additional 43,555 shares during the period. Nuveen LLC bought a new stake in Cantaloupe in the 1st quarter valued at $5,624,000. Roubaix Capital LLC increased its holdings in Cantaloupe by 54.5% in the 1st quarter. Roubaix Capital LLC now owns 406,405 shares of the technology company’s stock valued at $3,198,000 after buying an additional 143,444 shares during the period. Finally, CenterBook Partners LP increased its holdings in Cantaloupe by 528.1% in the 1st quarter. CenterBook Partners LP now owns 315,015 shares of the technology company’s stock valued at $2,479,000 after buying an additional 264,859 shares during the period. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Price Performance

CTLP opened at $10.56 on Friday. The firm’s 50-day simple moving average is $10.68 and its 200-day simple moving average is $10.09. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.30 and a current ratio of 1.86. Cantaloupe, Inc. has a twelve month low of $7.01 and a twelve month high of $11.36. The firm has a market cap of $778.19 million, a price-to-earnings ratio of 13.37 and a beta of 1.07.

Insider Buying and Selling at Cantaloupe

In other news, 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 value of $154,311.84. Following the sale, the chief technology officer owned 25,989 shares of the company’s stock, valued at approximately $275,743.29. This represents a 35.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on CTLP shares. Weiss Ratings raised shares of Cantaloupe from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, October 24th. Zacks Research lowered shares of Cantaloupe from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 15th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, Cantaloupe has an average rating of “Hold” and an average price target of $12.55.

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.