Castellum (NYSEAMERICAN:CTM) Shares Down 3.9% – Time to Sell?

Castellum, Inc. (NYSEAMERICAN:CTM) shares traded down 3.9% on Thursday. The company traded as low as $0.5610 and last traded at $0.5640. 323,486 shares were traded during trading, a decline of 10% from the average daily volume of 360,108 shares. The stock had previously closed at $0.5868.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised Castellum to a “hold” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Hold rating. According to MarketBeat, the stock presently has an average rating of “Hold”.

Castellum Price Performance

The firm has a market cap of $51.21 million, a price-to-earnings ratio of -27.02 and a beta of -6.53. The business has a fifty day simple moving average of $0.61 and a 200 day simple moving average of $0.67.

Castellum (NYSEAMERICAN:CTM) last released its quarterly earnings data on Thursday, August 6th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Castellum had a negative net margin of 4.13% and a negative return on equity of 6.32%. The business had revenue of $13.86 million during the quarter, compared to analyst estimates of $16.00 million.

Insiders Place Their Bets

In related news, COO Andrew Merriman purchased 50,000 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average price of $0.62 per share, for a total transaction of $31,000.00. Following the acquisition, the chief operating officer directly owned 588,531 shares of the company’s stock, valued at $364,889.22. This trade represents a 9.28% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders purchased 54,492 shares of company stock valued at $33,426. 8.41% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Castellum stock. Two Sigma Securities LLC increased its position in Castellum, Inc. (NYSEAMERICAN:CTM) by 166.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,530 shares of the company’s stock after purchasing an additional 25,308 shares during the quarter. Two Sigma Securities LLC’s holdings in Castellum were worth $29,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 3.39% of the company’s stock.

Castellum Company Profile

Castellum, Inc is a U.S.-based government technology and professional services company that provides mission-critical solutions to federal agencies, the Department of Defense and other government customers. Its service offerings focus on cybersecurity, information technology, intelligence, engineering and electronic warfare.

The company supports government clients with services such as cyber operations, network and systems security, software and technology development, intelligence analysis, test and evaluation, and related technical consulting.