Insider Selling: CompoSecure, Inc. (NASDAQ:CMPO) CRO Sells $154,817.98 in Stock

CompoSecure, Inc. (NASDAQ:CMPO) CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The stock was sold at an average price of $16.09, for a total value of $154,817.98. Following the completion of the sale, the executive now owns 821,782 shares in the company, valued at $13,222,472.38. The trade was a 1.16 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Amanda Mandy Gourbault also recently made the following trade(s):

• On Tuesday, February 25th, Amanda Mandy Gourbault sold 900 shares of CompoSecure stock. The stock was sold at an average price of $16.00, for a total value of $14,400.00.

CompoSecure Price Performance

NASDAQ CMPO opened at $13.34 on Friday. The business’s fifty day moving average price is $15.41 and its 200-day moving average price is $14.56. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of -30.32, a PEG ratio of 2.63 and a beta of 0.78. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $17.71.

Analysts Set New Price Targets

CMPO has been the topic of several recent research reports. B. Riley upped their price target 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. JPMorgan Chase & Co. upped their price objective on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a research report on Monday, December 2nd. TD Cowen started coverage on CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. One equities research analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, CompoSecure currently has a consensus rating of “Moderate Buy” and an average price target of $16.81.

Hedge Funds Weigh In On CompoSecure

Hedge funds and other institutional investors have recently modified their holdings of the company. Verition Fund Management LLC purchased a new position in CompoSecure in the third quarter worth about $798,000. Geode Capital Management LLC grew 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 during the last quarter. JPMorgan Chase & Co. grew its holdings in CompoSecure by 555.0% in the third quarter. JPMorgan Chase & Co. now owns 51,949 shares of the company’s stock worth $728,000 after purchasing an additional 44,018 shares during the last quarter. State Street Corp grew its holdings in shares of CompoSecure by 20.1% during 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 last quarter. Finally, Allspring Global Investments Holdings LLC purchased a new stake in shares of CompoSecure during the fourth quarter valued at $526,000. 37.56% of the stock is owned by institutional investors.

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.