Control4 Corporation (NASDAQ:CTRL) insider Greg Bishop sold 2,254 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $32.90, for a total transaction of $74,156.60. Following the completion of the transaction, the insider now owns 15,961 shares of the company’s stock, valued at approximately $525,116.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Control4 Corporation (CTRL) traded up $1.63 during trading hours on Thursday, hitting $34.44. 734,740 shares of the stock traded hands, compared to its average volume of 490,414. Control4 Corporation has a one year low of $10.08 and a one year high of $34.73. The company has a market cap of $856.03, a price-to-earnings ratio of 50.95, a price-to-earnings-growth ratio of 3.23 and a beta of -0.57.
Control4 Corporation (NASDAQ:CTRL) last posted its quarterly earnings data on Thursday, November 2nd. The electronics maker reported $0.35 earnings per share for the quarter, beating the Thomson Reuters’ 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 during the quarter, compared to analyst estimates of $63.59 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. equities analysts forecast that Control4 Corporation will post 0.68 earnings per share for the current year.
Large investors have recently bought and sold shares of the company. Legal & General Group Plc boosted its position in shares of Control4 Corporation by 11.7% during the 2nd quarter. Legal & General Group Plc now owns 5,506 shares of the electronics maker’s stock valued at $107,000 after purchasing an additional 577 shares in the last quarter. UBS Group AG boosted its position in shares of Control4 Corporation by 6.3% during the 1st quarter. UBS Group AG now owns 7,727 shares of the electronics maker’s stock valued at $122,000 after purchasing an additional 458 shares in the last quarter. Victory Capital Management Inc. bought a new position in shares of Control4 Corporation during the 3rd quarter valued at about $130,000. Teachers Retirement System of The State of Kentucky bought a new position in shares of Control4 Corporation during the 3rd quarter valued at about $183,000. Finally, American International Group Inc. boosted its position in shares of Control4 Corporation by 7.1% during the 1st quarter. American International Group Inc. now owns 12,377 shares of the electronics maker’s stock valued at $195,000 after purchasing an additional 822 shares in the last quarter. Institutional investors own 74.15% of the company’s stock.
A number of brokerages recently issued reports on CTRL. Zacks Investment Research upgraded shares of Control4 Corporation from a “hold” rating to a “buy” rating and set a $37.00 target price for the company in a research report on Wednesday, November 8th. Needham & Company LLC reiterated a “buy” rating and issued a $30.00 target price on shares of Control4 Corporation in a research report on Friday, November 3rd. Maxim Group reiterated a “hold” rating and issued a $33.00 target price on shares of Control4 Corporation in a research report on Friday, November 3rd. UBS AG lowered shares of Control4 Corporation from an “outperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, Cowen and Company set a $30.00 target price on shares of Control4 Corporation and gave the company a “buy” rating in a research report on Wednesday, November 1st. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Control4 Corporation has a consensus rating of “Buy” and a consensus target price of $25.50.
Control4 Corporation 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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