MALVERN, PA — In a notable show of confidence, Cantaloupe, Inc. (Nasdaq: CTLP) has announced that its Chairman of the Board, Douglas Bergeron, and CEO, Ravi Venkatesan, have increased their stakes in the company. The move emphasizes their optimistic outlook on Cantaloupe’s future growth and strategic direction.
Douglas Bergeron has made a substantial investment by acquiring an additional 285,000 shares, increasing his direct ownership to over one million shares through various investment vehicles. Bergeron’s confidence is further reflected in his holdings from his previous role as co-Managing Partner of Hudson Executive Capital, the largest shareholder of Cantaloupe.
CEO Ravi Venkatesan has also enhanced his personal investment in the company, reinforcing his belief in Cantaloupe’s market position. Venkatesan stated, “I have never been more confident of our market position and our growth vectors. These investments by both Bergeron and myself signal our belief in the company’s strategic direction and growth potential.”
These strategic stock purchases by the top executives highlight their commitment to Cantaloupe’s ongoing success and their belief in its capacity to capitalize on growth opportunities in the market.
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