Castellum (NYSEAMERICAN:CTM) Stock Price Down 4.3% on Insider Selling

Shares of Castellum, Inc. (NYSEAMERICAN:CTM) dropped 4.3% during trading on Wednesday following insider selling activity. The company traded as low as $1.07 and last traded at $1.10. Approximately 1,731,792 shares changed hands during mid-day trading, a decline of 24% from the average daily volume of 2,283,014 shares. The stock had previously closed at $1.15.

Specifically, General Counsel Jay O. Wright sold 46,473 shares of the stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $1.08, for a total value of $50,190.84. Following the completion of the transaction, the general counsel directly owned 8,477,200 shares in the company, valued at approximately $9,155,376. This represents a 0.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Castellum Stock Up 0.9%

The company has a market capitalization of $103.23 million, a PE ratio of -13.88 and a beta of -10.02. The company has a quick ratio of 3.62, a current ratio of 3.62 and a debt-to-equity ratio of 0.13. The firm has a 50-day moving average of $1.17 and a two-hundred day moving average of $1.09.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CTM. Jane Street Group LLC boosted 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 buying an additional 429,310 shares during the period. Inscription Capital LLC purchased a new position in shares of Castellum during the first quarter worth $265,000. Savvy Advisors Inc. purchased a new position in shares of Castellum during the second quarter worth $201,000. Geode Capital Management LLC boosted its position in shares of Castellum by 43.2% during the second quarter. Geode Capital Management LLC now owns 599,198 shares of the company’s stock worth $629,000 after buying an additional 180,673 shares during the period. Finally, XTX Topco Ltd boosted its position in shares of Castellum by 107.6% during the second quarter. XTX Topco Ltd now owns 135,796 shares of the company’s stock worth $143,000 after buying an additional 70,377 shares during the period. 3.39% of the stock is currently owned by hedge funds and other institutional investors.

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.