Sapphire Ventures (gpe) I L.l.c. Exits Position in Control4 Corp (CTRL)

Control4 Corp (CTRL) : Sapphire Ventures (gpe) I L.l.c. has sold out all of its stake in Control4 Corp during the most recent quarter, according to the disclosure filed by the company on May 12, 2016 with the SEC. The investment management company has sold out 202,584 shares of Control4 Corp which is valued at $1.5 Million.

Other Hedge Funds, Including , First Trust Advisors Lp added CTRL to its portfolio by purchasing 15,382 company shares during the most recent quarter which is valued at $115,673.Blackrock Investment Management boosted its stake in CTRL in the latest quarter, The investment management firm added 348 additional shares and now holds a total of 79,929 shares of Control4 Corp which is valued at $601,066.Russell Frank Co boosted its stake in CTRL in the latest quarter, The investment management firm added 32,321 additional shares and now holds a total of 176,615 shares of Control4 Corp which is valued at $1.3 Million. Jag Capital Management sold out all of its stake in CTRL during the most recent quarter. The investment firm sold 12,146 shares of CTRL which is valued $90,002.

Control4 Corp opened for trading at $7.45 and hit $7.59 on the upside on Friday, eventually ending the session at $7.56, with a gain of 2.30% or 0.17 points. The heightened volatility saw the trading volume jump to 46,503 shares. Company has a market cap of $175,641 M.

On the company’s financial health, Control4 Corp reported $0.04 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 5, 2016. Analyst had a consensus of $-0.01. The company had revenue of $43.00 million for the quarter, compared to analysts expectations of $39.67 million. The company’s revenue was up 34.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.05 EPS.

Control4 Corporation (Control4) is a provider of automation and control solutions for the connected home. The Company provides its consumers with the ability to integrate music 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 of its consumers. The Control4 product line includes the Control4 Home Operating System (C4 OS) and the associated application software and software development kits (SDKs). The software components include Director Navigator Composer Express Composer Professional Edition Composer Home Edition and Composer Media Edition DriverWorks SDK and Navigator SDK and Application SDK.

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