Adam Joseph Lowe Sells 18,818 Shares of CompoSecure, Inc. (NASDAQ:CMPO) Stock

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 18,818 shares of CompoSecure stock in a transaction that occurred 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 sale, the insider now directly owns 1,486,036 shares in the company, valued at $16,301,814.92. This trade represents a 1.25 % 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.

CompoSecure Price Performance

NASDAQ:CMPO opened at $11.02 on Friday. The firm’s 50 day simple moving average is $14.52 and its 200 day simple moving average is $14.55. CompoSecure, Inc. has a one year low of $5.69 and a one year high of $17.71. The company has a market cap of $1.13 billion, a PE ratio of -25.05, a P/E/G ratio of 2.63 and a beta of 0.77.

Analyst Upgrades and Downgrades

CMPO has been the topic of several research reports. TD Cowen initiated coverage on shares of CompoSecure in a report on Wednesday, December 18th. They set a “buy” rating and a $20.00 price target on the stock. JPMorgan Chase & Co. decreased their price target on shares of CompoSecure from $16.00 to $15.00 and set a “neutral” rating on the stock in a report on Thursday, March 6th. Lake Street Capital decreased their price target on shares of CompoSecure from $18.00 to $15.00 and set a “buy” rating on the stock in a report on Thursday, March 6th. Finally, Needham & Company LLC cut their target price on shares of CompoSecure from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Thursday, March 6th. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.19.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CMPO. Tyro Capital Management LLC acquired a new position in shares of CompoSecure in the 3rd quarter worth approximately $27,978,000. Capital World Investors acquired a new position in shares of CompoSecure in the 4th quarter worth approximately $27,387,000. Divisadero Street Capital Management LP acquired a new position in shares of CompoSecure in the 4th quarter worth approximately $16,075,000. Nine Ten Capital Management LLC acquired a new position in shares of CompoSecure in the 4th quarter worth approximately $13,925,000. Finally, Woodson Capital Management LP acquired a new position in shares of CompoSecure in the 3rd quarter worth approximately $10,795,000. Institutional investors and hedge funds own 37.56% of the company’s stock.

About CompoSecure

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.