CompoSecure, Inc. (NASDAQ:CMPO) COO Gregoire Maes Sells 24,323 Shares

CompoSecure, Inc. (NASDAQ:CMPO) COO Gregoire Maes sold 24,323 shares of CompoSecure stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $16.25, for a total transaction of $395,248.75. Following the sale, the chief operating officer now directly owns 762,009 shares in the company, valued at $12,382,646.25. This trade represents a 3.09 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Gregoire Maes also recently made the following trade(s):

• On Friday, November 29th, Gregoire Maes sold 540 shares of CompoSecure stock. The shares were sold at an average price of $16.20, for a total transaction of $8,748.00.

CompoSecure Trading Down 1.4 %

Shares of CMPO stock opened at $15.95 on Friday. The stock has a 50-day moving average of $14.74 and a 200-day moving average of $10.76. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of -36.25, a PEG ratio of 1.28 and a beta of 0.76. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $16.38.

CompoSecure (NASDAQ:CMPO) last released its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The firm had revenue of $107.14 million for the quarter, compared to the consensus estimate of $105.11 million. During the same quarter in the previous year, the business posted $0.24 EPS. Sell-side analysts forecast that CompoSecure, Inc. will post 1.02 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. Compass Point upped their price target on shares of CompoSecure from $11.50 to $14.50 and gave the stock a “buy” rating in a report on Tuesday, August 20th. B. Riley upped their target price on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Lake Street Capital lifted their price target on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Bank of America upped their price objective on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $16.00 target price on shares of CompoSecure in a research report on Monday, November 11th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.79.

Hedge Funds Weigh In On CompoSecure

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC raised its position in shares of CompoSecure by 474.6% in the 3rd quarter. Barclays PLC now owns 34,754 shares of the company’s stock worth $488,000 after acquiring an additional 28,706 shares in the last quarter. Geode Capital Management LLC increased its holdings in CompoSecure by 34.1% in the third quarter. Geode Capital Management LLC now owns 585,746 shares of the company’s stock worth $8,214,000 after purchasing an additional 148,833 shares in the last quarter. State Street Corp lifted its stake in CompoSecure by 20.1% in the third quarter. State Street Corp now owns 395,691 shares of the company’s stock valued at $5,548,000 after buying an additional 66,232 shares during the period. Quadrature Capital Ltd boosted its holdings in shares of CompoSecure by 137.3% during the 3rd quarter. Quadrature Capital Ltd now owns 32,071 shares of the company’s stock worth $449,000 after buying an additional 18,554 shares in the last quarter. Finally, Janus Henderson Group PLC grew its position in shares of CompoSecure by 43.9% during the 3rd quarter. Janus Henderson Group PLC now owns 17,682 shares of the company’s stock worth $248,000 after buying an additional 5,396 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

CompoSecure Company Profile

CompoSecure, Inc manufactures and designs metal, composite, and proprietary financial transaction cards in the United States and internationally. Its primary metal form factors include embedded, metal veneer lite, metal veneer, and full metal products. The company also offers Arculus Cold Storage Wallet, a three-factor authentication solution, which supports specific digital assets, including Bitcoin, Ethereum, non-fungible tokens and others.