CTLP - Insider Decision: Hudson Executive Capital LP Offloads $570K Worth Of Cantaloupe Stock | Benzinga
Revealing a significant insider sell on February 22, Hudson Executive Capital LP, 10% Owner at Cantaloupe (NASDAQ:CTLP), as per the latest SEC filing.
What Happened: LP's recent Form 4 filing with the U.S. Securities and Exchange Commission on Thursday unveiled the sale of 90,582 shares of Cantaloupe. The total transaction value is $570,666.
As of Thursday morning, Cantaloupe shares are up by 1.11%, currently priced at $6.35.
About Cantaloupe
Cantaloupe Inc operates in the small ticket electronic payments industry. It provides wireless, cashless, micro-transactions, and networking services within the unattended Point of Sale (POS) market. Its products and services portfolio consists of ePort Cashless devices, eSuds, EnergyMisers, and Value-added services which include Loyalty and Prepaid, Intelligent Vending, and others. The company offers services to different industries covering car wash, taxi and transportation, laundry, vending, kiosk, amusement, and arcade. The Company derives revenue from the sale or lease of equipment and services to the small ticket, unattended POS market and majority of its revenue is derived from subscription and transaction fees.
Cantaloupe: Financial Performance Dissected
Revenue Growth: Over the 3 months period, Cantaloupe showcased positive performance, achieving a revenue growth rate of 6.57% as of 31 ...