S Squared Technology LLC Sells 15,000 Shares of Cantaloupe, Inc. (NASDAQ:CTLP)

S Squared Technology LLC reduced its holdings in Cantaloupe, Inc. (NASDAQ:CTLPGet Rating) by 6.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 223,457 shares of the technology company’s stock after selling 15,000 shares during the quarter. Cantaloupe makes up about 0.9% of S Squared Technology LLC’s portfolio, making the stock its 26th largest holding. S Squared Technology LLC’s holdings in Cantaloupe were worth $1,251,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CTLP. Lazard Asset Management LLC acquired a new position in Cantaloupe in the 1st quarter valued at approximately $40,000. Pinnacle Wealth Planning Services Inc. acquired a new position in Cantaloupe in the 2nd quarter valued at approximately $72,000. Principal Financial Group Inc. acquired a new position in Cantaloupe in the 1st quarter valued at approximately $72,000. Mirae Asset Global Investments Co. Ltd. acquired a new position in Cantaloupe in the 2nd quarter valued at approximately $92,000. Finally, Jane Street Group LLC acquired a new position in Cantaloupe in the 1st quarter valued at approximately $96,000. 80.46% of the stock is currently owned by institutional investors and hedge funds.

Cantaloupe Stock Up 2.7 %

Shares of Cantaloupe stock traded up $0.09 during trading hours on Thursday, reaching $3.40. The company’s stock had a trading volume of 218,680 shares, compared to its average volume of 404,695. Cantaloupe, Inc. has a one year low of $2.77 and a one year high of $9.46. The company has a market capitalization of $242.15 million, a P/E ratio of -24.28 and a beta of 1.90. The stock’s fifty day simple moving average is $3.46 and its two-hundred day simple moving average is $4.79. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.26 and a current ratio of 1.54.

Cantaloupe (NASDAQ:CTLPGet Rating) last released its quarterly earnings data on Thursday, September 8th. The technology company reported ($0.03) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.02). Cantaloupe had a negative net margin of 4.14% and a negative return on equity of 5.85%. The business had revenue of $58.03 million during the quarter, compared to the consensus estimate of $56.51 million. During the same period last year, the business posted $0.04 earnings per share. On average, research analysts forecast that Cantaloupe, Inc. will post -0.01 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Craig Hallum decreased their price objective on shares of Cantaloupe to $8.00 in a research report on Tuesday, November 15th.

Cantaloupe Company Profile

(Get Rating)

Cantaloupe, Inc, a digital payments and software services company, provides technology solutions for the unattended retail market. The company offers integrated solutions for payments processing, logistics, and back-office management. It also provides ePort, an integrated payment device that is deployed in self-service, unattended market applications, such as vending, micro-markets, amusement, arcade, commercial laundry, air/vacuum, car wash, and others, which facilitates digital payments; and integrated software services for payment or asset tracking devices.

Recommended Stories

Want to see what other hedge funds are holding CTLP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cantaloupe, Inc. (NASDAQ:CTLPGet Rating).

Institutional Ownership by Quarter for Cantaloupe (NASDAQ:CTLP)

Receive News & Ratings for Cantaloupe Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cantaloupe and related companies with MarketBeat.com's FREE daily email newsletter.