CompoSecure, Inc. (NASDAQ:CMPO - Get Free Report) insider Adam Joseph Lowe sold 18,818 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $10.97, for a total transaction of $206,433.46. Following the transaction, the insider now directly owns 1,486,036 shares of the company's stock, valued at $16,301,814.92. The trade was a 1.25 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
CompoSecure Stock Up 6.1 %
NASDAQ CMPO opened at $11.02 on Friday. The company's 50 day moving average is $14.52 and its 200-day moving average is $14.53. CompoSecure, Inc. has a 12-month low of $5.58 and a 12-month high of $17.71. The firm has a market cap of $1.13 billion, a P/E ratio of -25.05, a price-to-earnings-growth ratio of 2.63 and a beta of 0.77.
Institutional Trading of CompoSecure
Several hedge funds and other institutional investors have recently modified their holdings of the business. Wolverine Asset Management LLC bought a new stake in CompoSecure during the 3rd quarter worth approximately $74,000. KLP Kapitalforvaltning AS bought a new stake in CompoSecure during the 4th quarter worth approximately $75,000. FMR LLC increased its holdings in CompoSecure by 693.0% during the 3rd quarter. FMR LLC now owns 5,900 shares of the company's stock worth $83,000 after acquiring an additional 5,156 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in CompoSecure in the 3rd quarter worth approximately $140,000. Finally, Principal Financial Group Inc. purchased a new position in CompoSecure in the 3rd quarter worth approximately $146,000. Institutional investors own 37.56% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on CMPO shares. Lake Street Capital decreased their price target on shares of CompoSecure from $18.00 to $15.00 and set a "buy" rating for the company in a research note on Thursday, March 6th. JPMorgan Chase & Co. decreased their price target on shares of CompoSecure from $16.00 to $15.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Needham & Company LLC reduced their price objective on shares of CompoSecure from $16.00 to $15.00 and set a "buy" rating for the company in a report on Thursday, March 6th. Finally, TD Cowen assumed coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a "buy" rating and a $20.00 price objective for the company. One analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $16.19.
Read Our Latest Research Report on CMPO
About CompoSecure
(
Get Free Report)
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.
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