Control4 Corp (NASDAQ:CTRL) insider Greg Bishop sold 17,574 shares of Control4 stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $24.96, for a total transaction of $438,647.04. Following the completion of the sale, the insider now directly owns 14,295 shares in the company, valued at approximately $356,803.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Greg Bishop also recently made the following trade(s):
- On Friday, February 16th, Greg Bishop sold 2,178 shares of Control4 stock. The stock was sold at an average price of $25.58, for a total transaction of $55,713.24.
Control4 Corp (NASDAQ CTRL) traded down $0.13 during trading on Tuesday, reaching $24.90. 632,211 shares of the company were exchanged, compared to its average volume of 657,641. Control4 Corp has a fifty-two week low of $14.39 and a fifty-two week high of $35.99. The stock has a market cap of $643.24, a price-to-earnings ratio of 27.36, a price-to-earnings-growth ratio of 2.11 and a beta of -0.60.
Control4 (NASDAQ:CTRL) last released its quarterly earnings data on Thursday, February 8th. The electronics maker reported $0.40 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.05. Control4 had a net margin of 6.53% and a return on equity of 12.74%. The business had revenue of $68.34 million during the quarter, compared to analyst estimates of $67.21 million. During the same period in the previous year, the business earned $0.31 EPS. Control4’s revenue was up 19.1% compared to the same quarter last year. equities research analysts predict that Control4 Corp will post 0.79 EPS for the current year.
Control4 declared that its board has authorized a share repurchase plan on Thursday, February 8th that allows the company to repurchase $20.00 million in shares. This repurchase authorization allows the electronics maker to purchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s management believes its shares are undervalued.
A number of institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC grew its stake in Control4 by 160.7% in the 4th quarter. Advisory Services Network LLC now owns 3,910 shares of the electronics maker’s stock valued at $116,000 after buying an additional 2,410 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in Control4 by 17.4% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,482 shares of the electronics maker’s stock valued at $362,000 after buying an additional 2,740 shares in the last quarter. California Public Employees Retirement System grew its stake in Control4 by 5.5% in the 3rd quarter. California Public Employees Retirement System now owns 58,741 shares of the electronics maker’s stock valued at $1,731,000 after buying an additional 3,041 shares in the last quarter. Wellington Shields Capital Management LLC grew its stake in Control4 by 11.4% in the 3rd quarter. Wellington Shields Capital Management LLC now owns 34,100 shares of the electronics maker’s stock valued at $1,005,000 after buying an additional 3,500 shares in the last quarter. Finally, American International Group Inc. grew its stake in Control4 by 23.6% in the 3rd quarter. American International Group Inc. now owns 18,720 shares of the electronics maker’s stock valued at $551,000 after buying an additional 3,577 shares in the last quarter. Institutional investors and hedge funds own 76.03% of the company’s stock.
A number of equities research analysts recently commented on CTRL shares. Dougherty & Co reaffirmed a “neutral” rating on shares of Control4 in a report on Monday, February 12th. BidaskClub cut shares of Control4 from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Zacks Investment Research raised shares of Control4 from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a report on Wednesday, November 8th. Cowen reaffirmed a “buy” rating on shares of Control4 in a report on Tuesday, January 9th. Finally, Maxim Group reaffirmed a “hold” rating and issued a $33.00 price target on shares of Control4 in a report on Friday, November 3rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $30.67.
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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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