Insider Selling: Control4 Corporation (CTRL) CEO Sells $7,159,500.00 in Stock
Control4 Corporation (NASDAQ:CTRL) CEO Martin Plaehn sold 222,000 shares of Control4 Corporation stock in a transaction dated Thursday, November 9th. The shares were sold at an average price of $32.25, for a total transaction of $7,159,500.00. Following the sale, the chief executive officer now owns 169,257 shares in the company, valued at $5,458,538.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.
Martin Plaehn also recently made the following trade(s):
- On Tuesday, November 7th, Martin Plaehn sold 117,137 shares of Control4 Corporation stock. The shares were sold at an average price of $33.02, for a total transaction of $3,867,863.74.
Control4 Corporation (NASDAQ CTRL) opened at $31.84 on Friday. The company has a market cap of $804.50, a PE ratio of 48.98, a price-to-earnings-growth ratio of 3.11 and a beta of -0.57. Control4 Corporation has a 12-month low of $10.08 and a 12-month high of $34.10.
Control4 Corporation (NASDAQ:CTRL) last announced its earnings results 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. Control4 Corporation had a net margin of 5.96% and a return on equity of 11.63%. 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 prior year, the business earned $0.26 earnings per share. Control4 Corporation’s quarterly revenue was up 17.2% on a year-over-year basis. equities research analysts forecast that Control4 Corporation will post 0.68 EPS for the current fiscal year.
Several hedge funds have recently made changes to their positions in CTRL. Bank of New York Mellon Corp lifted its position in shares of Control4 Corporation by 638.2% during the second quarter. Bank of New York Mellon Corp now owns 729,785 shares of the electronics maker’s stock worth $14,311,000 after purchasing an additional 630,921 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Control4 Corporation by 100.4% during the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock worth $15,744,000 after purchasing an additional 402,208 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Control4 Corporation by 135.8% during the first quarter. Renaissance Technologies LLC now owns 614,700 shares of the electronics maker’s stock worth $9,706,000 after purchasing an additional 354,000 shares in the last quarter. Acadian Asset Management LLC acquired a new position in shares of Control4 Corporation during the second quarter worth approximately $4,519,000. Finally, Principal Financial Group Inc. acquired a new position in shares of Control4 Corporation during the third quarter worth approximately $4,540,000. Institutional investors own 71.23% of the company’s stock.
Several analysts have recently weighed in on CTRL shares. Zacks Investment Research upgraded shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research report on Wednesday. Maxim Group reiterated a “hold” rating and set a $33.00 target price on shares of Control4 Corporation in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $30.00 target price on shares of Control4 Corporation in a research report on Friday, November 3rd. BidaskClub lowered shares of Control4 Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, August 22nd. Finally, Cowen and Company set a $22.00 target price on shares of Control4 Corporation and gave the company a “hold” rating in a research report on Friday, August 4th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Control4 Corporation presently has a consensus rating of “Buy” and an average price target of $25.50.
About Control4 Corporation
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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