Control4 Co. (CTRL) CFO Mark Novakovich Sells 568 Shares
Control4 Co. (NASDAQ:CTRL) CFO Mark Novakovich sold 568 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $32.99, for a total transaction of $18,738.32. Following the completion of the sale, the chief financial officer now directly owns 19,911 shares of the company’s stock, valued at approximately $656,863.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of Control4 Co. (NASDAQ CTRL) traded down $1.36 during trading hours on Friday, hitting $33.08. 885,296 shares of the stock traded hands, compared to its average volume of 492,340. The firm has a market cap of $856.03, a PE ratio of 50.95, a PEG ratio of 3.23 and a beta of -0.57. Control4 Co. has a one year low of $10.08 and a one year high of $34.73.
Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.15 by $0.20. The business had revenue of $64.70 million during the quarter, compared to analysts’ expectations of $63.59 million. Control4 had a net margin of 8.01% and a return on equity of 13.31%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 EPS. equities research analysts anticipate that Control4 Co. will post 0.68 earnings per share for the current fiscal year.
CTRL has been the subject of a number of recent research reports. Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Wednesday, November 8th. Maxim Group restated a “hold” rating and issued a $33.00 target price on shares of Control4 in a research report on Friday, November 3rd. Needham & Company LLC restated a “buy” rating and issued a $30.00 target price on shares of Control4 in a research report on Friday, November 3rd. Cowen and Company set a $22.00 target price on shares of Control4 and gave the company a “hold” rating in a research report on Friday, August 4th. Finally, BidaskClub cut shares of Control4 from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $25.50.
Hedge funds have recently added to or reduced their stakes in the stock. Gerber Kawasaki Wealth & Investment Management acquired a new position in Control4 during the 2nd quarter worth approximately $2,463,000. Vanguard Group Inc. increased its position in Control4 by 7.9% during the 1st quarter. Vanguard Group Inc. now owns 800,032 shares of the electronics maker’s stock worth $12,633,000 after purchasing an additional 58,738 shares in the last quarter. Lord Abbett & CO. LLC increased its position in Control4 by 11.3% during the 2nd quarter. Lord Abbett & CO. LLC now owns 800,964 shares of the electronics maker’s stock worth $15,707,000 after purchasing an additional 81,180 shares in the last quarter. Renaissance Technologies LLC increased its position in Control4 by 38.3% during the 2nd quarter. Renaissance Technologies LLC now owns 850,400 shares of the electronics maker’s stock worth $16,676,000 after purchasing an additional 235,700 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Control4 by 12.3% during the 1st quarter. Bank of New York Mellon Corp now owns 98,864 shares of the electronics maker’s stock worth $1,561,000 after purchasing an additional 10,814 shares in the last quarter. Institutional investors and hedge funds own 74.15% of the company’s stock.
Control4 Company Profile
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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