Maxim Group Upgrades Castellum (NYSEAMERICAN:CTM) to Strong-Buy

Castellum (NYSEAMERICAN:CTM) was upgraded by equities researchers at Maxim Group to a “strong-buy” rating in a report released on Thursday,Zacks.com reports.

Castellum Stock Performance

Shares of Castellum stock opened at $1.01 on Thursday. The firm has a market cap of $70.64 million, a P/E ratio of -5.94 and a beta of -12.75. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a 50 day simple moving average of $1.03 and a 200 day simple moving average of $0.67. Castellum has a fifty-two week low of $0.12 and a fifty-two week high of $2.83.

Insiders Place Their Bets

In other Castellum news, Director Mark C. Fuller sold 275,000 shares of the business’s stock in a transaction dated Wednesday, March 5th. The stock was sold at an average price of $1.49, for a total value of $409,750.00. Following the completion of the transaction, the director now directly owns 7,338,659 shares of the company’s stock, valued at approximately $10,934,601.91. The trade was a 3.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 45.55% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Inscription Capital LLC bought a new position in shares of Castellum during the 1st quarter worth approximately $265,000. Jane Street Group LLC raised its position in shares of Castellum by 2,180.2% during the fourth quarter. Jane Street Group LLC now owns 449,001 shares of the company’s stock worth $898,000 after acquiring an additional 429,310 shares during the last quarter. Geode Capital Management LLC grew its holdings in Castellum by 49.9% during the 4th quarter. Geode Capital Management LLC now owns 299,643 shares of the company’s stock worth $599,000 after acquiring an additional 99,714 shares during the period. PKS Advisory Services LLC bought a new position in shares of Castellum during the 4th quarter worth approximately $84,000. Finally, Bank of New York Mellon Corp acquired a new stake in Castellum in the fourth quarter worth $2,456,000. 3.39% of the stock is owned by institutional investors and hedge funds.

About Castellum

Castellum, Inc provides services in the areas of cybersecurity, information technology, electronic and information warfare, and information operations. Its services include intelligence analysis, software development, software engineering, program management, strategic and mission planning, information assurance, cybersecurity and policy support, data analytics, and model based systems engineering services.