Control4 Corp (NASDAQ:CTRL) General Counsel Joshua D. Ellis sold 716 shares of the stock in a transaction dated Tuesday, September 4th. The stock was sold at an average price of $32.56, for a total value of $23,312.96. Following the sale, the general counsel now directly owns 2,902 shares in the company, valued at $94,489.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website.
Shares of NASDAQ:CTRL traded up $0.81 during trading on Friday, reaching $34.69. 607,716 shares of the company’s stock traded hands, compared to its average volume of 601,039. Control4 Corp has a fifty-two week low of $20.50 and a fifty-two week high of $37.30. The stock has a market capitalization of $884.12 million, a PE ratio of 46.25, a price-to-earnings-growth ratio of 3.53 and a beta of -0.10.
Control4 (NASDAQ:CTRL) last posted its earnings results on Thursday, August 2nd. The electronics maker reported $0.42 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.21. Control4 had a return on equity of 15.03% and a net margin of 7.21%. The firm had revenue of $69.20 million for the quarter, compared to analysts’ expectations of $68.02 million. During the same period last year, the firm earned $0.32 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. equities research analysts expect that Control4 Corp will post 0.91 earnings per share for the current year.
Several equities research analysts have weighed in on CTRL shares. Zacks Investment Research downgraded Control4 from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. ValuEngine raised Control4 from a “hold” rating to a “buy” rating in a research report on Friday, August 3rd. BidaskClub raised Control4 from a “strong sell” rating to a “sell” rating in a research report on Tuesday, July 10th. Roth Capital set a $32.00 target price on Control4 and gave the company a “buy” rating in a research report on Friday, August 3rd. Finally, Needham & Company LLC raised their target price on Control4 from $31.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, August 3rd. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Control4 presently has a consensus rating of “Buy” and a consensus target price of $32.25.
Several large investors have recently bought and sold shares of the company. PNC Financial Services Group Inc. grew its position in shares of Control4 by 23.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 11,041 shares of the electronics maker’s stock valued at $268,000 after acquiring an additional 2,118 shares during the period. Skylands Capital LLC lifted its stake in Control4 by 1.6% in the 2nd quarter. Skylands Capital LLC now owns 142,100 shares of the electronics maker’s stock valued at $3,454,000 after buying an additional 2,200 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Control4 by 52.9% in the 1st quarter. Victory Capital Management Inc. now owns 7,403 shares of the electronics maker’s stock valued at $159,000 after buying an additional 2,561 shares in the last quarter. Rhumbline Advisers lifted its stake in Control4 by 5.4% in the 2nd quarter. Rhumbline Advisers now owns 53,608 shares of the electronics maker’s stock valued at $1,303,000 after buying an additional 2,747 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Control4 by 5.2% in the 2nd quarter. First Trust Advisors LP now owns 56,843 shares of the electronics maker’s stock valued at $1,382,000 after buying an additional 2,811 shares in the last quarter. Hedge funds and other institutional investors own 79.36% of the company’s stock.
Control4 Corporation provides smart home and business solutions in the United States, Canada, and internationally. The company offers Control4 solution that functions as the operating system of the home, integrating audio, video, lighting, temperature, security, communications, and other devices into a unified automation solution.
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