Control4 Corp (NASDAQ:CTRL) CFO Mark Novakovich sold 28,302 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $24.97, for a total transaction of $706,700.94. Following the transaction, the chief financial officer now owns 47,235 shares in the company, valued at $1,179,457.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Control4 Corp (CTRL) opened at $24.90 on Wednesday. The stock has a market cap of $646.61, a P/E ratio of 33.82, a PEG ratio of 2.11 and a beta of -0.60. Control4 Corp has a one year low of $14.39 and a one year high of $35.99.
Control4 (NASDAQ:CTRL) last announced its earnings results on Thursday, February 8th. The electronics maker reported $0.40 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.05. The company had revenue of $68.34 million during the quarter, compared to the consensus estimate of $67.21 million. Control4 had a net margin of 6.53% and a return on equity of 12.74%. Control4’s revenue was up 19.1% compared to the same quarter last year. During the same period last year, the firm earned $0.31 earnings per share. equities analysts expect that Control4 Corp will post 0.79 EPS for the current fiscal year.
A number of research firms have recently issued reports on CTRL. Dougherty & Co reiterated a “neutral” rating on shares of Control4 in a research note on Monday, February 12th. Zacks Investment Research upgraded shares of Control4 from a “strong sell” rating to a “hold” rating in a research note on Wednesday, February 14th. Maxim Group upgraded shares of Control4 from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $36.00 in a research note on Friday, February 9th. BidaskClub downgraded shares of Control4 from a “sell” rating to a “strong sell” rating in a research note on Monday, February 5th. Finally, Imperial Capital increased their price objective on shares of Control4 from $28.00 to $30.00 and gave the company an “in-line” rating in a research note on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $30.67.
A number of institutional investors and hedge funds have recently made changes to their positions in CTRL. Stifel Financial Corp acquired a new stake in Control4 in the third quarter valued at approximately $12,680,000. Dimensional Fund Advisors LP boosted its stake in Control4 by 100.4% in the second quarter. Dimensional Fund Advisors LP now owns 802,857 shares of the electronics maker’s stock valued at $15,744,000 after acquiring an additional 402,208 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Control4 by 37.5% in the fourth quarter. Bank of New York Mellon Corp now owns 1,355,094 shares of the electronics maker’s stock valued at $40,328,000 after acquiring an additional 369,236 shares in the last quarter. Allianz Asset Management GmbH boosted its stake in Control4 by 1,275.0% in the fourth quarter. Allianz Asset Management GmbH now owns 314,865 shares of the electronics maker’s stock valued at $9,370,000 after acquiring an additional 291,965 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its stake in Control4 by 258.5% in the fourth quarter. Penserra Capital Management LLC now owns 309,644 shares of the electronics maker’s stock valued at $9,215,000 after acquiring an additional 223,267 shares in the last quarter. Institutional investors own 76.03% of the company’s stock.
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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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