Insider Selling: Cantaloupe, Inc. (NASDAQ:CTLP) Major Shareholder Sells $570,666.60 in Stock

On August 19, 2021, a major shareholder of Cantaloupe, Inc. (NASDAQCTLP) sold $570,666.60 in stock. The insider selling was identified as the Chief Executive Officer (CEO) of the company, Mr. Michael J. Guggenheimer.

The sale was made through a series of transactions on August 19, 2021, with the total number of shares sold being 570,666.60. The average price per share for the transaction was $1.03, resulting in a total proceeds from the sale of $570,666.60.

It is important to note that insider selling occurs when an individual with material, non-public information about a company sells securities. The SEC requires companies to disclose any insider selling transactions to their shareholders and the public. This allows investors to make informed decisions about buying or selling the stock.

In this case, Mr. Guggenheimer's sale of stock may indicate that he has knowledge or information about the company that is not available to the general public. However, it is important to note that insider selling does not necessarily mean that the stock price will decrease or increase. It is up to the market and other factors to determine the stock price.

It's also worth noting that this sale was made by the CEO of the company, which may indicate a change in leadership or direction for the company. However, without further information, it is difficult to draw any conclusions about the future of the company.