Coda Octopus Group, Inc. (CODA) Major Shareholder Sells 1,902 Shares

Coda Octopus Group, Inc. (NASDAQ:CODA) major shareholder Hills Bv Sandy sold 1,902 shares of Coda Octopus Group stock in a transaction dated Wednesday, March 27th. The stock was sold at an average price of $10.51, for a total value of $19,990.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Hills Bv Sandy also recently made the following trade(s):

  • On Tuesday, April 2nd, Hills Bv Sandy sold 38,600 shares of Coda Octopus Group stock. The stock was sold at an average price of $10.14, for a total value of $391,404.00.
  • On Monday, March 25th, Hills Bv Sandy sold 2,002 shares of Coda Octopus Group stock. The stock was sold at an average price of $11.00, for a total value of $22,022.00.
  • On Thursday, March 21st, Hills Bv Sandy sold 22,359 shares of Coda Octopus Group stock. The stock was sold at an average price of $11.37, for a total value of $254,221.83.

Coda Octopus Group stock traded up $0.58 during midday trading on Friday, hitting $13.54. The stock had a trading volume of 75,311 shares, compared to its average volume of 107,433. The company has a quick ratio of 4.11, a current ratio of 5.06 and a debt-to-equity ratio of 0.04. The firm has a market cap of $144.50 million, a P/E ratio of 21.84 and a beta of 1.29. Coda Octopus Group, Inc. has a 12 month low of $3.40 and a 12 month high of $14.00.

Coda Octopus Group (NASDAQ:CODA) last announced its quarterly earnings data on Monday, March 18th. The company reported $0.12 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.10 by $0.02. The firm had revenue of $5.76 million during the quarter. Coda Octopus Group had a return on equity of 27.89% and a net margin of 30.86%.

A number of analysts have recently issued reports on the company. TheStreet raised Coda Octopus Group from a “c” rating to a “b-” rating in a research report on Wednesday, February 13th. ValuEngine raised Coda Octopus Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 7th.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. grew its holdings in shares of Coda Octopus Group by 73.6% during the fourth quarter. BlackRock Inc. now owns 21,192 shares of the company’s stock valued at $124,000 after purchasing an additional 8,988 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Coda Octopus Group by 72.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 22,688 shares of the company’s stock valued at $132,000 after purchasing an additional 9,508 shares during the last quarter. Vanguard Group Inc grew its holdings in shares of Coda Octopus Group by 6.6% during the third quarter. Vanguard Group Inc now owns 28,930 shares of the company’s stock valued at $174,000 after purchasing an additional 1,800 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in shares of Coda Octopus Group during the third quarter valued at approximately $2,205,000. 5.44% of the stock is owned by hedge funds and other institutional investors.

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Coda Octopus Group Company Profile

Coda Octopus Group, Inc, together with its subsidiaries, develops and sells underwater technologies and equipment for imaging, mapping, defense, and survey applications in the United States, Europe, and Australia. The company operates through two segments, Marine Engineering Business and Marine Technology Business.

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