Control4 Corp (CTRL) Director Phil Molyneux Sells 23,374 Shares

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Control4 Corp (NASDAQ:CTRL) Director Phil Molyneux sold 23,374 shares of the stock in a transaction dated Tuesday, May 14th. The stock was sold at an average price of $23.74, for a total value of $554,898.76. Following the transaction, the director now directly owns 42,347 shares in the company, valued at approximately $1,005,317.78. The transaction was disclosed in a filing with the SEC, which is available at this link.

CTRL stock traded up $0.04 during mid-day trading on Wednesday, reaching $23.80. The company had a trading volume of 571,311 shares, compared to its average volume of 572,434. The company has a debt-to-equity ratio of 0.04, a current ratio of 3.89 and a quick ratio of 2.74. The firm has a market capitalization of $633.20 million, a P/E ratio of 24.79, a P/E/G ratio of 2.33 and a beta of 0.88. Control4 Corp has a fifty-two week low of $15.59 and a fifty-two week high of $37.62.

Control4 (NASDAQ:CTRL) last posted its quarterly earnings results on Thursday, May 9th. The electronics maker reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.17. The company had revenue of $60.43 million for the quarter, compared to analyst estimates of $61.64 million. Control4 had a return on equity of 12.56% and a net margin of 14.94%. Control4’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.21 EPS. On average, analysts expect that Control4 Corp will post 0.68 EPS for the current year.

Several hedge funds and other institutional investors have recently modified their holdings of CTRL. Millennium Management LLC raised its position in shares of Control4 by 2,816.3% during the 4th quarter. Millennium Management LLC now owns 414,149 shares of the electronics maker’s stock worth $7,289,000 after acquiring an additional 399,948 shares in the last quarter. Deutsche Bank AG raised its position in shares of Control4 by 133.9% during the 4th quarter. Deutsche Bank AG now owns 375,400 shares of the electronics maker’s stock worth $6,605,000 after acquiring an additional 214,889 shares in the last quarter. Spark Investment Management LLC raised its position in shares of Control4 by 67.3% during the 1st quarter. Spark Investment Management LLC now owns 526,800 shares of the electronics maker’s stock worth $8,918,000 after acquiring an additional 212,000 shares in the last quarter. BlackRock Inc. grew its stake in Control4 by 4.8% during the 1st quarter. BlackRock Inc. now owns 4,134,023 shares of the electronics maker’s stock worth $69,989,000 after buying an additional 187,597 shares during the last quarter. Finally, AQR Capital Management LLC grew its stake in Control4 by 314.3% during the 1st quarter. AQR Capital Management LLC now owns 233,451 shares of the electronics maker’s stock worth $3,952,000 after buying an additional 177,102 shares during the last quarter. 85.38% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts recently issued reports on the company. ValuEngine raised Control4 from a “sell” rating to a “hold” rating in a research note on Thursday, May 9th. DA Davidson lowered Control4 from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $33.00 to $24.00 in a research note on Thursday, May 9th. Cowen lowered Control4 from an “outperform” rating to a “market perform” rating in a research note on Thursday, May 9th. Roth Capital lowered Control4 from a “buy” rating to a “neutral” rating and set a $24.00 target price on the stock. in a research note on Tuesday. Finally, Maxim Group lowered Control4 from a “buy” rating to a “hold” rating in a research note on Monday. Two investment analysts have rated the stock with a sell rating and eight have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $26.57.

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Control4 Company Profile

Control4 Corporation provides smart home and business solutions in the United States, Australia, Canada, China, Germany, the United Kingdom, 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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