CompoSecure, Inc. (NASDAQ:CMPO) Insider Adam Joseph Lowe Sells 34,310 Shares

CompoSecure, Inc. (NASDAQ:CMPO) insider Adam Joseph Lowe sold 34,310 shares of the stock in a transaction that occurred on Friday, December 6th. The shares were sold at an average price of $16.24, for a total value of $557,194.40. Following the transaction, the insider now owns 1,315,068 shares in the company, valued at approximately $21,356,704.32. This trade represents a 2.54 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Adam Joseph Lowe also recently made the following trade(s):

• On Monday, December 9th, Adam Joseph Lowe sold 66,350 shares of CompoSecure stock. The stock was sold at an average price of $15.91, for a total transaction of $1,055,628.50.
• On Wednesday, September 11th, Adam Joseph Lowe sold 5,730 shares of CompoSecure stock. The stock was sold at an average price of $12.05, for a total transaction of $69,046.50.

CompoSecure Trading Up 0.1 %

Shares of NASDAQ:CMPO opened at $16.48 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of -37.45, a PEG ratio of 1.28 and a beta of 0.76. CompoSecure, Inc. has a 1-year low of $4.61 and a 1-year high of $16.80. The business’s 50 day moving average is $15.19 and its 200-day moving average is $11.33.

CompoSecure (NASDAQ:CMPO) last posted its quarterly earnings results on Friday, November 8th. The company reported $0.27 earnings per share for the quarter, missing analysts’ consensus estimates of $0.29 by ($0.02). CompoSecure had a negative return on equity of 14.87% and a negative net margin of 5.63%. The business had revenue of $107.14 million for the quarter, compared to analyst estimates of $105.11 million. During the same quarter in the prior year, the firm earned $0.24 EPS. On average, sell-side analysts predict that CompoSecure, Inc. will post 1.02 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently issued reports on CMPO. Lake Street Capital raised their price target on CompoSecure from $14.00 to $18.00 and gave the company a “buy” rating in a research report on Wednesday, October 2nd. JPMorgan Chase & Co. raised their target price on CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC reiterated a “buy” rating and set a $16.00 price target on shares of CompoSecure in a report on Monday, November 11th. Benchmark reissued a “buy” rating and issued a $17.00 price objective on shares of CompoSecure in a research report on Tuesday, November 12th. Finally, B. Riley boosted their target price on shares of CompoSecure from $18.00 to $23.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.36.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CMPO. CWM LLC boosted its holdings in CompoSecure by 205.9% during the second quarter. CWM LLC now owns 3,656 shares of the company’s stock valued at $25,000 after purchasing an additional 2,461 shares in the last quarter. Sandia Investment Management LP bought a new position in shares of CompoSecure during the 2nd quarter worth approximately $68,000. nVerses Capital LLC acquired a new stake in CompoSecure in the 3rd quarter valued at $72,000. Wolverine Asset Management LLC bought a new stake in CompoSecure in the third quarter valued at $74,000. Finally, FMR LLC raised its stake in CompoSecure by 693.0% during the third quarter. FMR LLC now owns 5,900 shares of the company’s stock worth $83,000 after acquiring an additional 5,156 shares in the last quarter. 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.