XTX Topco Ltd Has $254,000 Stake in Cantaloupe, Inc. (NASDAQ:CTLP)

XTX Topco Ltd grew its position in Cantaloupe, Inc. (NASDAQ:CTLP) by 98.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,350 shares of the technology company’s stock after buying an additional 17,040 shares during the quarter. XTX Topco Ltd’s holdings in Cantaloupe were worth $254,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CTLP. Quarry LP acquired a new position in Cantaloupe during the third quarter valued at approximately $26,000. Assenagon Asset Management S.A. bought a new position in shares of Cantaloupe in the 2nd quarter valued at $89,000. Quantbot Technologies LP raised its holdings in shares of Cantaloupe by 34.0% during the 3rd quarter. Quantbot Technologies LP now owns 15,664 shares of the technology company’s stock worth $116,000 after buying an additional 3,975 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Cantaloupe during the 3rd quarter worth $119,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Cantaloupe by 68.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,075 shares of the technology company’s stock valued at $152,000 after buying an additional 9,374 shares in the last quarter. Institutional investors own 75.75% of the company’s stock.

Cantaloupe Stock Down 4.7 %

NASDAQ:CTLP opened at $9.84 on Thursday. Cantaloupe, Inc. has a one year low of $5.74 and a one year high of $10.48. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.60 and a quick ratio of 1.03. The company has a market cap of $718.18 million, a PE ratio of 57.89 and a beta of 1.66. The firm’s 50 day simple moving average is $9.17 and its 200 day simple moving average is $7.72.

Cantaloupe (NASDAQ:CTLP) last released its quarterly earnings results on Thursday, November 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.04. Cantaloupe had a net margin of 4.90% and a return on equity of 7.53%. The firm had revenue of $70.84 million during the quarter, compared to the consensus estimate of $70.54 million. During the same quarter last year, the firm earned $0.02 earnings per share. On average, research analysts anticipate that Cantaloupe, Inc. will post 0.32 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Douglas Bergeron acquired 13,866 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The shares were bought at an average cost of $7.15 per share, with a total value of $99,141.90. Following the completion of the purchase, the director now directly owns 192,185 shares in the company, valued at $1,374,122.75. The trade was a 7.78 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 6.30% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on CTLP shares. Benchmark lifted their target price on Cantaloupe from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Friday, November 8th. Northland Securities upped their price objective on shares of Cantaloupe from $10.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Barrington Research restated an “outperform” rating and issued a $10.00 target price on shares of Cantaloupe in a research report on Monday, November 4th. Finally, Craig Hallum lowered their price target on shares of Cantaloupe from $13.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, September 11th.

Cantaloupe 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.