Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) COO Sells 24,323 Shares of Stock

CompoSecure, Inc. (NASDAQ:CMPO) COO Gregoire Maes sold 24,323 shares of the stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $16.25, for a total value of $395,248.75. Following the transaction, the chief operating officer now owns 762,009 shares in the company, valued at $12,382,646.25. The trade was a 3.09 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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

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

CompoSecure Stock Down 1.4 %

Shares of CompoSecure stock traded down $0.22 on Friday, reaching $15.95. The company’s stock had a trading volume of 216,588 shares, compared to its average volume of 532,260. The firm’s fifty day simple moving average is $14.74 and its two-hundred day simple moving average is $10.73. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of -36.25, a P/E/G ratio of 1.28 and a beta of 0.76. CompoSecure, Inc. has a 52 week low of $4.61 and a 52 week 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 analysts’ consensus estimates of $0.29 by ($0.02). The firm had revenue of $107.14 million during the quarter, compared to analysts’ expectations of $105.11 million. CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. During the same quarter last year, the business earned $0.24 earnings per share. As a group, research analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current year.

Hedge Funds Weigh In On CompoSecure

A number of institutional investors and hedge funds have recently made changes to their positions in CMPO. CWM LLC increased its stake in CompoSecure by 205.9% in the 2nd quarter. CWM LLC now owns 3,656 shares of the company’s stock worth $25,000 after buying an additional 2,461 shares in the last quarter. Sandia Investment Management LP bought a new position in CompoSecure in the 2nd quarter worth approximately $68,000. nVerses Capital LLC bought a new stake in shares of CompoSecure during the third quarter valued at approximately $72,000. Wolverine Asset Management LLC purchased a new position in CompoSecure during the third quarter valued at $74,000. Finally, FMR LLC lifted its stake in CompoSecure by 693.0% in the 3rd quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after purchasing an additional 5,156 shares in the last quarter. Hedge funds and other institutional investors own 37.56% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. Lake Street Capital upped their target price on CompoSecure from $14.00 to $18.00 and gave the stock a “buy” rating in a research report on Wednesday, October 2nd. B. Riley increased their price objective on CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Benchmark reaffirmed a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, Bank of America increased their price objective on CompoSecure from $9.00 to $10.00 and gave the company a “buy” rating in a report on Thursday, August 8th. One equities research analyst has rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.79.

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.