CompoSecure (NASDAQ:CMPO) Shares Gap Down After Insider Selling

CompoSecure, Inc. (NASDAQ:CMPO)’s share price gapped down before the market opened on Friday following insider selling activity. The stock had previously closed at $15.50, but opened at $12.58. CompoSecure shares last traded at $12.34, with a volume of 136,036 shares changing hands.

Specifically, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were 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. This represents a 1.16 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. JPMorgan Chase & Co. upped their target price on shares of CompoSecure from $12.00 to $16.00 and gave the company a “neutral” rating in a report on Monday, December 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $16.00 price objective on shares of CompoSecure in a research report on Monday, November 11th. B. Riley lifted their target price on CompoSecure from $18.00 to $23.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Benchmark restated a “buy” rating and set a $17.00 price target on shares of CompoSecure in a research note on Tuesday, November 12th. Finally, TD Cowen assumed coverage on shares of CompoSecure in a research report on Wednesday, December 18th. They issued a “buy” rating and a $20.00 price objective on the stock. One analyst has rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, CompoSecure currently has a consensus rating of “Moderate Buy” and an average target price of $16.81.

CompoSecure Price Performance

The stock has a 50 day moving average of $15.46 and a two-hundred day moving average of $14.52. The stock has a market capitalization of $1.10 billion, a PE ratio of -27.99, a P/E/G ratio of 2.63 and a beta of 0.78.

Institutional Investors Weigh In On CompoSecure

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CompoSecure by 1.7% in the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 40,944 shares of the company’s stock valued at $574,000 after purchasing an additional 701 shares in the last quarter. Rice Hall James & Associates LLC purchased a new stake in CompoSecure during the third quarter worth about $3,766,000. Principal Financial Group Inc. acquired a new position in CompoSecure during the third quarter worth about $146,000. Wolverine Asset Management LLC purchased a new position in CompoSecure in the third quarter valued at about $74,000. Finally, Bard Associates Inc. lifted its position in shares of CompoSecure by 0.6% during the 3rd quarter. Bard Associates Inc. now owns 305,247 shares of the company’s stock valued at $4,280,000 after acquiring an additional 1,957 shares during the period. Institutional investors and hedge funds own 37.56% of the company’s stock.

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.