Jefferson Dungan Sells 20,032 Shares of Control4 Corp. (CTRL) Stock
Control4 Corp. (NASDAQ:CTRL) SVP Jefferson Dungan sold 20,032 shares of the business’s stock in a transaction on Friday, September 16th. The stock was sold at an average price of $10.82, for a total transaction of $216,746.24. Following the completion of the transaction, the senior vice president now owns 48,076 shares in the company, valued at approximately $520,182.32. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Shares of Control4 Corp. (NASDAQ:CTRL) opened at 10.98 on Thursday. Control4 Corp. has a 12 month low of $5.41 and a 12 month high of $11.65. The company has a market cap of $255.83 million, a P/E ratio of 34.21 and a beta of -1.05. The company’s 50 day moving average is $11.00 and its 200-day moving average is $8.76.
Control4 Corp. (NASDAQ:CTRL) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.23 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.05. Control4 Corp. had a net margin of 4.22% and a return on equity of 1.15%. The company had revenue of $53.20 million for the quarter, compared to analyst estimates of $50.44 million. During the same quarter in the prior year, the business posted $0.16 EPS. Control4 Corp.’s quarterly revenue was up 19.3% on a year-over-year basis. Analysts expect that Control4 Corp. will post $0.74 EPS for the current fiscal year.
CTRL has been the subject of several research analyst reports. Zacks Investment Research raised shares of Control4 Corp. from a “hold” rating to a “buy” rating and set a $9.75 target price for the company in a research report on Wednesday, July 20th. TheStreet raised shares of Control4 Corp. from a “sell” rating to a “hold” rating in a research report on Monday, August 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Control4 Corp. in a research report on Friday, June 10th. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $8.55.
Several hedge funds have recently bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its stake in Control4 Corp. by 1.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 54,547 shares of the company’s stock valued at $446,000 after buying an additional 756 shares in the last quarter. G2 Investment Partners Management LLC purchased a new stake in Control4 Corp. during the second quarter valued at about $614,000. Parametric Portfolio Associates LLC increased its stake in Control4 Corp. by 1.2% in the second quarter. Parametric Portfolio Associates LLC now owns 27,432 shares of the company’s stock valued at $224,000 after buying an additional 323 shares in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in Control4 Corp. by 3.9% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 332,863 shares of the company’s stock valued at $2,716,000 after buying an additional 12,491 shares in the last quarter. Finally, BlackRock Inc. increased its stake in Control4 Corp. by 1,209.2% in the second quarter. BlackRock Inc. now owns 14,729 shares of the company’s stock valued at $121,000 after buying an additional 13,604 shares in the last quarter. 74.84% of the stock is owned by institutional investors and hedge funds.
Control4 Corp. Company Profile
Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.
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