Ravi Venkatesan, CEO of Cantaloupe Inc (CTLP, Financial), purchased 8,000 shares of the company on September 13, 2024, as reported in a recent SEC Filing. Following this transaction, the insider now owns a total of 136,658 shares of Cantaloupe Inc.
Cantaloupe Inc is a technology-driven company that specializes in digital payments and vending solutions, enhancing the retail experience with more efficient transactions and a range of customizable options for consumers.
Over the past year, the insider has increased their holdings by purchasing a total of 31,749 shares. There have been five insider buys and zero sells within the same timeframe across the company, indicating a trend of insider confidence in the stock's potential.
On the date of the latest purchase, shares of Cantaloupe Inc were priced at $6.3 each. This pricing sets the company's market cap at approximately $463.462 million. The price-earnings ratio of Cantaloupe Inc stands at 42.33, which is above both the industry median of 26.15 and the historical median for the company.
According to the GF Value, which is an intrinsic value estimate used by GuruFocus, Cantaloupe Inc is currently modestly undervalued with a price-to-GF-Value ratio of 0.85. The GF Value is calculated based on historical trading multiples, an adjustment factor from GuruFocus, and future business performance estimates provided by Morningstar analysts.
This insider purchase could signal a positive outlook from the CEO regarding the company's future performance and alignment with the current valuation metrics suggesting an undervalued position in the market.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
