Control4 Corporation (NASDAQ:CTRL) SVP Bryce Judd sold 702 shares of the business’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $32.99, for a total value of $23,158.98. Following the completion of the sale, the senior vice president now directly owns 1,038 shares in the company, valued at approximately $34,243.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of Control4 Corporation (NASDAQ CTRL) traded down $1.85 on Monday, hitting $30.83. 673,577 shares of the stock traded hands, compared to its average volume of 495,074. The firm has a market capitalization of $825.71, a P/E ratio of 50.28, a price-to-earnings-growth ratio of 3.19 and a beta of -0.51. Control4 Corporation has a twelve month low of $10.08 and a twelve month high of $35.99.
Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.20. Control4 had a net margin of 5.96% and a return on equity of 11.63%. The firm had revenue of $64.70 million during the quarter, compared to analysts’ expectations of $63.59 million. During the same period in the prior year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up 17.2% on a year-over-year basis. analysts anticipate that Control4 Corporation will post 0.68 earnings per share for the current year.
Institutional investors have recently modified their holdings of the business. Victory Capital Management Inc. purchased a new position in Control4 in the third quarter valued at about $130,000. Legal & General Group Plc increased its stake in shares of Control4 by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock worth $107,000 after purchasing an additional 577 shares in the last quarter. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Control4 during the 3rd quarter worth approximately $183,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Control4 during the 3rd quarter worth approximately $215,000. Finally, Commonwealth Equity Services Inc purchased a new position in shares of Control4 during the 3rd quarter worth approximately $216,000. 77.34% of the stock is owned by institutional investors.
CTRL has been the topic of a number of recent research reports. UBS lowered Control4 from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Cowen set a $30.00 price objective on Control4 and gave the stock a “buy” rating in a research report on Wednesday, November 1st. Maxim Group reiterated a “hold” rating and set a $33.00 target price on shares of Control4 in a research note on Friday, November 3rd. Zacks Investment Research upgraded shares of Control4 from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research note on Wednesday, November 8th. Finally, BidaskClub downgraded shares of Control4 from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Control4 currently has an average rating of “Buy” and a consensus price target of $25.50.
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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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