Control4 Corporation (CTRL) SVP Sells $23,158.98 in Stock
Control4 Corporation (NASDAQ:CTRL) SVP Bryce Judd sold 702 shares of Control4 Corporation stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $32.99, for a total value of $23,158.98. Following the sale, the senior vice president now owns 1,038 shares in the company, valued at $34,243.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Control4 Corporation (CTRL) traded up $1.63 during trading hours on Thursday, hitting $34.44. The company had a trading volume of 734,740 shares, compared to its average volume of 490,414. Control4 Corporation has a 12 month low of $10.08 and a 12 month high of $34.73. The company has a market cap of $856.03, a price-to-earnings ratio of 50.95, a price-to-earnings-growth ratio of 3.23 and a beta of -0.57.
Control4 Corporation (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, beating analysts’ consensus estimates of $0.15 by $0.20. Control4 Corporation had a return on equity of 11.63% and a net margin of 5.96%. The company had revenue of $64.70 million for the quarter, compared to analyst estimates of $63.59 million. During the same period in the previous year, the company posted $0.26 EPS. The firm’s revenue for the quarter was up 17.2% compared to the same quarter last year. equities analysts forecast that Control4 Corporation will post 0.68 EPS for the current fiscal year.
Large investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. bought a new stake in shares of Control4 Corporation during the 3rd quarter valued at $130,000. Legal & General Group Plc grew its position in Control4 Corporation by 11.7% during the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after buying an additional 577 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in Control4 Corporation during the third quarter worth about $183,000. Municipal Employees Retirement System of Michigan purchased a new position in Control4 Corporation during the third quarter worth about $215,000. Finally, Commonwealth Equity Services Inc purchased a new position in Control4 Corporation during the third quarter worth about $216,000. Institutional investors own 74.15% of the company’s stock.
A number of brokerages recently commented on CTRL. BidaskClub lowered Control4 Corporation from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Cowen and Company set a $30.00 target price on Control4 Corporation and gave the company a “buy” rating in a research note on Wednesday, November 1st. Zacks Investment Research upgraded Control4 Corporation from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a research note on Wednesday, August 9th. UBS AG lowered Control4 Corporation from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $25.00 target price (up from $22.00) on shares of Control4 Corporation in a research note on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Control4 Corporation has a consensus rating of “Buy” and a consensus target price of $25.50.
Control4 Corporation 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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