Insider Move: Reasons for Phil Molyneux's Shares Unload of Control4 Corp (NASDAQ:CTRL)'s Stock

November 18, 2016 – By Adrian Mccoy

Insider Move: Reasons for Phil Molyneux's Shares Unload of Control4 Corp (NASDAQ:CTRL)'s Stock

Phil Molyneux Insider Sell

director Phil Molyneux of Control4 Corp, unloaded some 1,178 of the Utah-based company shares having a value near $13,123 U.S Dollars with an average of $11.1 per share. At the moment, Phil Molyneux owns 9,424 shares which make up roughly 0.04% of the company’s market cap (total dollar market value of all company’s outstanding shares).

Control4 Corp (NASDAQ:CTRL) Ratings Coverage

Out of 4 analysts covering Control4 (NASDAQ:CTRL), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. $12 is the highest target while $7.50 is the lowest. The $11 average target is -2.57% below today’s ($11.29) stock price. Control4 has been the topic of 6 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The company was maintained on Tuesday, November 17 by Imperial Capital. As per Monday, November 7, the company rating was maintained by Imperial Capital. The rating was maintained by Imperial Capital on Friday, August 12 with “In-Line”. As per Friday, October 30, the company rating was downgraded by Needham. Bank of America downgraded the shares of CTRL in a report on Friday, October 30 to “Neutral” rating. Canaccord Genuity maintained it with “Hold” rating and $10 target price in Friday, July 31 report.

Insitutional Activity: The institutional sentiment increased to 1.83 in 2016 Q2. Its up 0.95, from 0.88 in 2016Q1. The ratio is positive, as 6 funds sold all Control4 Corp shares owned while 27 reduced positions. 9 funds bought stakes while 20 increased positions. They now own 17.28 million shares or 4.64% less from 18.12 million shares in 2016Q1.

Bridgeway Cap Mngmt reported 80,000 shares or 0.01% of all its holdings. The Massachusetts-based Rhumbline Advisers has invested 0% in Control4 Corp (NASDAQ:CTRL). Blackrock Japan holds 0% of its portfolio in Control4 Corp (NASDAQ:CTRL) for 1,191 shares. California State Teachers Retirement Systems last reported 0% of its portfolio in the stock. Price T Rowe Assoc Md accumulated 782,155 shares or 0% of the stock. Moreover, Creative Planning has 0% invested in Control4 Corp (NASDAQ:CTRL) for 190 shares. Credit Suisse Ag accumulated 0% or 12,998 shares. The United Kingdom-based Blackrock Grp Inc Ltd has invested 0% in Control4 Corp (NASDAQ:CTRL). The North Carolina-based Comml Bank Of America Corporation De has invested 0% in Control4 Corp (NASDAQ:CTRL). The New Jersey-based Blackrock Investment Mngmt Ltd Llc has invested 0% in Control4 Corp (NASDAQ:CTRL). First Mercantile Trust reported 21,111 shares or 0.02% of all its holdings. Blackrock Institutional Trust Na accumulated 0% or 332,863 shares. Vanguard Gru has 0% invested in the company for 676,003 shares. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 4,298 shares. Murphy Michael R last reported 625,127 shares in the company.

Insider Transactions: Since August 15, 2016, the stock had 0 insider purchases, and 2 sales for $229,739 net activity. Molyneux Phil sold 1,178 shares worth $12,993. 20,032 Control4 Corp (NASDAQ:CTRL) shares with value of $216,746 were sold by Dungan Jefferson.

About 41,501 shares traded hands. Control4 Corp (NASDAQ:CTRL) has risen 45.24% since April 18, 2016 and is uptrending. It has outperformed by 40.81% the S&P500.

Control4 Corporation is a well-known provider of automation and control solutions for the connected home. The company has a market cap of $267.83 million. The Firm provides its clients with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. It has a 32.86 P/E ratio. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.

According to Zacks Investment Research, “Control4 Corporation is engaged in providing automation and control solutions for the connected home. The Company offers home operating system that interacts with various music, video, lighting, temperature, security, and communications. It also provides 4Sight subscription services, which allow consumers to control and monitor their homes remotely from their smartphone, tablet, or laptop. Control4 Corporation is headquartered in Salt Lake City, Utah.”

More recent Control4 Corp (NASDAQ:CTRL) news were published by: Quotes.Wsj.com which released: “Control4 Corp. CTRL (US: Nasdaq)” on July 27, 2013. Also Fool.com published the news titled: “Why Control4 Corp.’s Shares Lost Control Today” on February 06, 2015. Fool.com‘s news article titled: “Why Control4 Corp. Shares Skyrocketed” with publication date: January 14, 2014 was also an interesting one.

CTRL Company Profile

Control4 Corporation (Control4), incorporated on March 27, 2003, is a well-known provider of automation and control solutions for the connected home. The Firm provides its clients with the ability to integrate audio, video, lighting, temperature, security, communications and other functionalities into a unified home-automation solution. The Company’s solution functions as the operating system of the home, making connected devices work together to control, automate and personalize the homes and businesses of its consumers.

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By Adrian Mccoy

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