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Amanda Gourbault, Chief Revenue Officer of CompoSecure, Inc. (NASDAQ:CMPO), has sold a total of $170,817 worth of the company’s Class A common stock over a series of transactions. The sale comes as CMPO shares have surged over 230% in the past year, with the company’s $1.5 billion market cap security solutions business showing strong momentum. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. The stock sales occurred on February 25, 26, and 27, 2025, with prices ranging from $16.00 to $16.09 per share.
The transactions involved the sale of 10,622 shares in total. After these sales, Gourbault retains ownership of 821,782 shares, including shares from restricted stock units and performance-vesting units that are set to vest in the future.
The transactions were reported in a Form 4 filing with the Securities and Exchange Commission. The stock currently trades near its 52-week high of $17.71, with analyst price targets ranging from $14.50 to $23.00 per share.
In other recent news, CompoSecure, Inc. has announced several significant developments that could impact its operations and investor interests. The company plans to spin off a new entity, Resolute Holdings Management, Inc., to its current stockholders. This spin-off, expected to be completed in the first quarter of 2025, involves a pro rata distribution of shares to existing shareholders and is subject to customary conditions and approvals. Additionally, CompoSecure has amended its credit agreement with JPMorgan Chase (NYSE:JPM) Bank to facilitate this transaction, allowing for additional investments and paving the way for the spin-off.
In another notable development, CompoSecure has issued 3.6 million shares of Class A common stock as part of an earn-out consideration linked to a previous business combination. This issuance was triggered by the company’s stock meeting a specified price threshold, reflecting a positive milestone for the company. Furthermore, CompoSecure has completed the exchange of $130 million in 7.00% Exchangeable Notes due 2026 for shares of its Class A common stock, effectively reducing its long-term debt from $330 million to $200 million. This move is part of the company’s strategy to optimize its balance sheet and enhance shareholder value. These recent actions demonstrate CompoSecure’s ongoing efforts to streamline its operations and improve its financial standing.
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