Control4 Corporation (NASDAQ:CTRL) CFO Mark Novakovich sold 568 shares of the 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 $18,738.32. Following 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Control4 Corporation (NASDAQ CTRL) opened at $30.83 on Tuesday. The stock has a market capitalization of $825.71, a price-to-earnings 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 data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.15 by $0.20. The business had revenue of $64.70 million during the quarter, compared to the consensus estimate of $63.59 million. Control4 had a return on equity of 11.63% and a net margin of 5.96%. The firm’s quarterly revenue was up 17.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.26 earnings per share. equities analysts expect that Control4 Corporation will post 0.68 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the business. Alps Advisors Inc. increased its holdings in shares of Control4 by 0.3% during the second quarter. Alps Advisors Inc. now owns 32,663 shares of the electronics maker’s stock valued at $641,000 after acquiring an additional 84 shares in the last quarter. First Trust Advisors LP increased its holdings in shares of Control4 by 0.4% during the second quarter. First Trust Advisors LP now owns 34,166 shares of the electronics maker’s stock valued at $670,000 after acquiring an additional 142 shares in the last quarter. UBS Group AG increased its holdings in shares of Control4 by 6.3% during the first quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after acquiring an additional 458 shares in the last quarter. Legal & General Group Plc increased its holdings in shares of Control4 by 11.7% during the second quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after acquiring an additional 577 shares in the last quarter. Finally, American International Group Inc. increased its holdings in shares of Control4 by 7.1% during the first quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after acquiring an additional 822 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.
CTRL has been the subject of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and set a $27.00 price objective (up previously from $25.00) on shares of Control4 in a research note on Monday, September 11th. Cowen raised Control4 from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $22.00 to $30.00 in a research note on Friday, September 8th. UBS lowered Control4 from an “outperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Zacks Investment Research downgraded Control4 from a “buy” rating to a “hold” rating in a report on Monday, October 9th. Finally, Maxim Group restated a “hold” rating and set a $33.00 target price on shares of Control4 in a report on Friday, November 3rd. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Control4 currently has an average rating of “Buy” and a consensus target price of $25.50.
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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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