Coda Octopus Group (NASDAQ:CODA) CFO Gayle Michelle Jardine Sells 2,256 Shares of Stock

Coda Octopus Group Inc. (NASDAQ:CODA) CFO Gayle Michelle Jardine sold 2,256 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $12.59, for a total transaction of $28,403.04. Following the transaction, the chief financial officer directly owned 2,500 shares in the company, valued at approximately $31,475. This trade represents a 47.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

Coda Octopus Group Stock Performance

Shares of NASDAQ:CODA opened at $12.22 on Friday. The firm’s 50 day simple moving average is $12.86 and its 200-day simple moving average is $10.56. The firm has a market cap of $137.79 million, a PE ratio of 33.94 and a beta of 0.54. Coda Octopus Group Inc. has a one year low of $5.97 and a one year high of $17.28.

Coda Octopus Group (NASDAQ:CODA) last released its quarterly earnings data on Tuesday, March 17th. The company reported $0.08 EPS for the quarter, topping the consensus estimate of $0.06 by $0.02. The company had revenue of $6.71 million for the quarter, compared to the consensus estimate of $6.23 million. Coda Octopus Group had a return on equity of 7.17% and a net margin of 14.78%.

Analysts Set New Price Targets

Several research analysts have commented on CODA shares. Wall Street Zen downgraded Coda Octopus Group from a “strong-buy” rating to a “buy” rating in a report on Saturday, March 7th. Weiss Ratings restated a “hold (c+)” rating on shares of Coda Octopus Group in a report on Monday, December 29th. Finally, Alliance Global Partners restated a “buy” rating on shares of Coda Octopus Group in a report on Monday, February 9th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Coda Octopus Group has an average rating of “Moderate Buy”.

Hedge Funds Weigh In On Coda Octopus Group

Institutional investors have recently bought and sold shares of the business. Bank of America Corp DE increased its holdings in Coda Octopus Group by 5,475.0% during the third quarter. Bank of America Corp DE now owns 3,122 shares of the company’s stock valued at $25,000 after buying an additional 3,066 shares during the period. Quadrature Capital Ltd purchased a new position in Coda Octopus Group during the fourth quarter valued at approximately $104,000. Trexquant Investment LP purchased a new position in Coda Octopus Group during the fourth quarter valued at approximately $106,000. Marshall Wace LLP purchased a new position in Coda Octopus Group during the second quarter valued at approximately $104,000. Finally, Jane Street Group LLC purchased a new position in Coda Octopus Group during the fourth quarter valued at approximately $122,000. 20.12% of the stock is owned by hedge funds and other institutional investors.

About Coda Octopus Group

Coda Octopus Group, Inc is a technology company that develops and sells real-time 3D sonar systems and related solutions for underwater applications. Its flagship Echoscope® real-time 3D sonar system enables clients to visualize subsea structures and seabed conditions in unprecedented detail. The company’s product portfolio also includes BathyCORR® geophysical survey processing software, a range of ROV and USV inspection tools, and advanced subsea positioning and motion reference units. These technologies support tasks such as inspection, maintenance, salvage, survey, and security in challenging marine environments.

The company serves a broad set of industries, including offshore oil and gas, marine mining, defense, civil engineering, telecommunications, and scientific research.