Castellum, Inc. (NYSEAMERICAN:CTM) General Counsel Jay O. Wright Sells 259,400 Shares of Stock

Castellum, Inc. (NYSEAMERICAN:CTM) General Counsel Jay O. Wright sold 259,400 shares of Castellum stock in a transaction on Monday, May 19th. The shares were sold at an average price of $1.07, for a total value of $277,558.00. Following the completion of the transaction, the general counsel now owns 9,023,673 shares in the company, valued at $9,655,330.11. The trade was a 2.79% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Castellum Stock Performance

NYSEAMERICAN:CTM opened at $1.02 on Wednesday. The firm’s fifty day simple moving average is $1.02 and its 200 day simple moving average is $0.71. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.63. Castellum, Inc. has a twelve month low of $0.12 and a twelve month high of $2.83. The firm has a market capitalization of $71.34 million, a price-to-earnings ratio of -6.00 and a beta of -12.75.

Institutional Investors Weigh In On Castellum

Institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp acquired a new position in Castellum during the 4th quarter worth approximately $2,456,000. PKS Advisory Services LLC acquired a new position in shares of Castellum during the fourth quarter worth $84,000. Geode Capital Management LLC boosted its stake in shares of Castellum by 49.9% in the fourth quarter. Geode Capital Management LLC now owns 299,643 shares of the company’s stock valued at $599,000 after purchasing an additional 99,714 shares during the period. Jane Street Group LLC grew its holdings in Castellum by 2,180.2% during the 4th quarter. Jane Street Group LLC now owns 449,001 shares of the company’s stock valued at $898,000 after purchasing an additional 429,310 shares in the last quarter. Finally, Inscription Capital LLC purchased a new stake in Castellum during the 1st quarter worth $265,000. Hedge funds and other institutional investors own 3.39% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Maxim Group set a $3.00 price objective on Castellum and gave the stock a “buy” rating in a report on Thursday, April 24th. UBS Group upgraded shares of Castellum from a “strong sell” rating to a “hold” rating in a report on Wednesday, April 23rd.

About Castellum

Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.