Cantaloupe, Inc. (NASDAQ:CTLP) Shares Sold by Towerview LLC

Towerview LLC lowered its position in shares of Cantaloupe, Inc. (NASDAQ:CTLP) by 55.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 102,500 shares of the technology company’s stock after selling 127,500 shares during the quarter. Cantaloupe comprises 0.7% of Towerview LLC’s portfolio, making the stock its 15th largest position. Towerview LLC owned approximately 0.14% of Cantaloupe worth $975,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Wasatch Advisors LP raised its stake in Cantaloupe by 20.3% during the third quarter. Wasatch Advisors LP now owns 1,613,057 shares of the technology company’s stock valued at $11,937,000 after buying an additional 271,782 shares in the last quarter. Disciplined Growth Investors Inc. MN grew its holdings in shares of Cantaloupe by 0.4% during the third quarter. Disciplined Growth Investors Inc. MN now owns 1,608,375 shares of the technology company’s stock valued at $11,902,000 after purchasing an additional 7,114 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Cantaloupe by 3.5% during the third quarter. Geode Capital Management LLC now owns 1,366,034 shares of the technology company’s stock valued at $10,111,000 after purchasing an additional 46,518 shares during the last quarter. State Street Corp grew its holdings in shares of Cantaloupe by 2.4% during the third quarter. State Street Corp now owns 1,237,888 shares of the technology company’s stock valued at $9,160,000 after purchasing an additional 29,460 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Cantaloupe by 4.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 475,458 shares of the technology company’s stock valued at $3,518,000 after purchasing an additional 21,938 shares during the last quarter. Institutional investors and hedge funds own 75.75% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CTLP. Barrington Research upped their target price on Cantaloupe from $12.00 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, February 12th. Benchmark upped their target price on Cantaloupe from $11.00 to $13.00 and gave the company a “buy” rating in a report on Wednesday. Finally, Northland Securities upped their target price on Cantaloupe from $10.00 to $12.00 and gave the company an “outperform” rating in a report on Monday, November 11th.

Cantaloupe Stock Performance

CTLP opened at $10.05 on Friday. Cantaloupe, Inc. has a 1-year low of $5.75 and a 1-year high of $11.36. The business has a 50 day moving average price of $9.29 and a two-hundred day moving average price of $8.56. The company has a market capitalization of $734.00 million, a price-to-earnings ratio of 50.25 and a beta of 1.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.81 and a quick ratio of 1.12.

Cantaloupe (NASDAQ:CTLP) last announced its quarterly earnings data on Thursday, February 6th. The technology company reported $0.07 EPS for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Cantaloupe had a return on equity of 8.36% and a net margin of 5.40%. During the same quarter in the prior year, the firm posted $0.04 earnings per share. Research analysts predict that Cantaloupe, Inc. will post 0.32 EPS for the current fiscal year.

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.