Insider Selling: Control4 Corp SVP Sells $197,860 in Stock (CTRL)
Control4 Corp (NASDAQ:CTRL) SVP James B. Arnold sold 13,000 shares of the company’s stock on the open market in a transaction dated Monday, August 18th. The shares were sold at an average price of $15.22, for a total transaction of $197,860.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Control4 Corp (NASDAQ:CTRL) traded up 0.60% during mid-day trading on Tuesday, hitting $15.09. 243,469 shares of the company’s stock traded hands. Control4 Corp has a 1-year low of $13.77 and a 1-year high of $32.50. The stock has a 50-day moving average of $17.12 and a 200-day moving average of $18.. The company has a market cap of $359.4 million and a P/E ratio of 90.36.
Control4 Corp (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.02. The company had revenue of $36.66 million for the quarter, compared to the consensus estimate of $37.47 million. During the same quarter in the previous year, the company posted $0.08 earnings per share. The company’s revenue for the quarter was up 12.7% on a year-over-year basis. Analysts expect that Control4 Corp will post $0.48 EPS for the current fiscal year.
A number of research firms have recently commented on CTRL. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Control4 Corp in a research note on Friday, August 1st. They now have a $19.00 price target on the stock, down previously from $24.00. Separately, analysts at Dougherty & Co cut their price target on shares of Control4 Corp from $30.00 to $25.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Needham & Company LLC cut their price target on shares of Control4 Corp from $23.00 to $20.00 in a research note on Friday, August 1st. They now have a “buy” rating on the stock. Seven investment analysts have rated the stock with a buy rating and one has given a strong buy rating to the company’s stock. Control4 Corp has a consensus rating of “Buy” and a consensus target price of $22.71.
Control4 Corporation is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music, video, lighting, temperature, security, communications and other functionalities into a unified home automation solution.
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