Essex Investment Management Co. LLC Acquires New Stake in Freightos Limited $CRGO

Essex Investment Management Co. LLC acquired a new stake in Freightos Limited (NASDAQ:CRGO) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 308,818 shares of the company’s stock, valued at approximately $1,019,000. Essex Investment Management Co. LLC owned about 0.62% of Freightos as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Topline Capital Management LLC purchased a new stake in shares of Freightos during the second quarter valued at $658,000. Jane Street Group LLC lifted its holdings in Freightos by 183.8% during the 1st quarter. Jane Street Group LLC now owns 30,788 shares of the company’s stock valued at $74,000 after buying an additional 19,938 shares in the last quarter. Finally, Goldman Sachs Group Inc. purchased a new stake in Freightos in the 1st quarter valued at about $73,000. 22.72% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Freightos in a research report on Wednesday, January 21st. Wall Street Zen cut Freightos from a “hold” rating to a “sell” rating in a research note on Saturday, November 22nd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Freightos presently has an average rating of “Sell”.

Freightos Trading Down 0.5%

NASDAQ CRGO opened at $2.08 on Wednesday. Freightos Limited has a one year low of $1.72 and a one year high of $4.25. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.02 and a current ratio of 2.02. The company has a market capitalization of $106.68 million, a price-to-earnings ratio of -4.33 and a beta of 0.17. The company’s 50-day simple moving average is $2.49 and its two-hundred day simple moving average is $3.04.

Freightos (NASDAQ:CRGO) last announced its quarterly earnings results on Monday, November 17th. The company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.08) by ($0.02). The business had revenue of $7.67 million during the quarter, compared to analysts’ expectations of $7.64 million. Freightos had a negative return on equity of 47.17% and a negative net margin of 82.31%. Equities analysts forecast that Freightos Limited will post -0.35 EPS for the current fiscal year.

About Freightos

Freightos, trading under the symbol CRGO on Nasdaq, operates a digital booking platform designed to streamline international freight logistics. The company’s core offering, the Freightos Marketplace, allows shippers and freight forwarders to compare and book air, ocean and trucking services online, providing rate transparency and live booking capabilities. By aggregating quotes from a global network of carriers and forwarders, Freightos enables customers to secure competitive prices and manage bookings through a single interface.

In addition to its marketplace, Freightos offers a suite of SaaS solutions for logistics professionals.