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

Shares of CompoSecure, Inc. (NASDAQ:CMPO) gapped down prior to trading on Friday after an insider sold shares in the company. 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 traded.

Specifically, CRO Amanda Mandy Gourbault sold 9,622 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was 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 directly owns 821,782 shares in the company, valued at approximately $13,222,472.38. This represents a 1.16 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Analysts Set New Price Targets

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

CompoSecure Stock Down 13.9 %

The business has a 50 day simple moving average of $15.41 and a 200 day simple moving average of $14.54. The company has a market capitalization of $1.18 billion, a PE ratio of -30.32, a PEG ratio of 2.63 and a beta of 0.78.

Institutional Investors Weigh In On CompoSecure

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CMPO. Tyro Capital Management LLC purchased a new stake in CompoSecure in the third quarter valued at about $27,978,000. Capital World Investors purchased a new stake in CompoSecure in the fourth quarter valued at about $27,387,000. Divisadero Street Capital Management LP purchased a new stake in CompoSecure in the fourth quarter valued at about $16,075,000. Nine Ten Capital Management LLC acquired a new position in shares of CompoSecure in the fourth quarter valued at about $13,925,000. Finally, Woodson Capital Management LP acquired a new position in shares of CompoSecure in the third quarter valued at about $10,795,000. 37.56% of the stock is currently owned by hedge funds and other institutional investors.

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.