Control4 (NASDAQ:CTRL) insider Greg Bishop sold 6,072 shares of the stock in a transaction dated Friday, March 9th. The stock was sold at an average price of $25.22, for a total transaction of $153,135.84. Following the sale, the insider now owns 12,558 shares in the company, valued at $316,712.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Greg Bishop also recently made the following trade(s):
- On Monday, February 26th, Greg Bishop sold 21,040 shares of Control4 stock. The stock was sold at an average price of $25.01, for a total transaction of $526,210.40.
- On Tuesday, February 20th, Greg Bishop sold 17,574 shares of Control4 stock. The stock was sold at an average price of $24.96, for a total transaction of $438,647.04.
- On Friday, February 16th, Greg Bishop sold 2,178 shares of Control4 stock. The stock was sold at an average price of $25.58, for a total transaction of $55,713.24.
Control4 stock traded down $0.57 during mid-day trading on Monday, hitting $20.91. 336,617 shares of the stock were exchanged, compared to its average volume of 552,284. The firm has a market cap of $558.93, a price-to-earnings ratio of 27.88, a PEG ratio of 2.53 and a beta of -0.31. Control4 has a 12 month low of $14.63 and a 12 month high of $35.99.
Control4 (NASDAQ:CTRL) last announced its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 EPS for the quarter, topping the consensus estimate of $0.35 by $0.05. The company had revenue of $68.34 million during the quarter, compared to the consensus estimate of $67.21 million. Control4 had a net margin of 6.53% and a return on equity of 12.74%. The company’s quarterly revenue was up 19.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.31 EPS. equities research analysts expect that Control4 will post 0.81 EPS for the current fiscal year.
Control4 announced that its Board of Directors has approved a stock repurchase program on Thursday, February 8th that authorizes the company to buyback $20.00 million in shares. This buyback authorization authorizes the electronics maker to buy shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s leadership believes its stock is undervalued.
Hedge funds have recently made changes to their positions in the company. Penbrook Management LLC acquired a new stake in Control4 in the 4th quarter valued at $555,000. MetLife Investment Advisors LLC acquired a new stake in Control4 in the 4th quarter valued at $316,000. Gotham Asset Management LLC acquired a new stake in Control4 in the 4th quarter valued at $241,000. Municipal Employees Retirement System of Michigan grew its position in Control4 by 202.7% in the 4th quarter. Municipal Employees Retirement System of Michigan now owns 22,100 shares of the electronics maker’s stock valued at $657,000 after purchasing an additional 14,800 shares during the period. Finally, Millennium Management LLC acquired a new stake in Control4 in the 4th quarter valued at $642,000. 77.61% of the stock is owned by institutional investors.
A number of research firms have recently commented on CTRL. BidaskClub cut shares of Control4 from a “sell” rating to a “strong sell” rating in a report on Wednesday, March 28th. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Tuesday, March 27th. Raymond James Financial reiterated an “outperform” rating and issued a $30.00 price objective on shares of Control4 in a report on Monday, March 19th. DA Davidson started coverage on shares of Control4 in a report on Friday, March 16th. They issued a “buy” rating and a $30.00 price objective for the company. Finally, Imperial Capital upgraded shares of Control4 from an “in-line” rating to an “outperform” rating and raised their price objective for the company from $24.65 to $30.00 in a report on Thursday, March 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have issued a buy rating to the company. Control4 presently has a consensus rating of “Buy” and an average price target of $29.13.
Control4 Corporation (Control4) is a provider of smart home and business solutions. The Company’s smart home and small business solutions provide consumers with the ability to integrate audio, video, lighting, temperature, security, communications, network management and other functionalities into a unified automation solution, customized to match their lifestyles and business needs.
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