Insider Buying at Coda Octopus Group: Michael Hamilton Adds Shares

Michael Hamilton, an insider at Coda Octopus Group, Inc. (NasdaqCM: CODA), purchased 1,102 shares on May 28, 2026. This transaction wasn't part of a pre-planned trading program. Shares of Coda Octopus traded near $9.64 on that day.

Insider Buying and Selling at Coda Octopus Group, Inc.

On May 28, 2026, Michael Hamilton acquired 1,102 shares of Coda Octopus Group, Inc., reflecting his confidence in the company. This purchase wasn't part of a pre-planned 10b5-1 trading plan. Other recent insider activities include John Steven Emerson selling 86,254 shares at an average price of $14.95 on March 11, 2026, and Gayle Michelle Jardine, the Interim CFO, selling 2,256 shares at $12.59 on March 19, 2026.

Other Institutional Activity in Coda Octopus Group

Vanguard Capital Management LLC opened a new position in Coda Octopus, acquiring 263,739 shares valued at about $2.98 million. Marshall Wace, LLP increased its holdings by 95,957 shares, bringing its total to 254,189 shares worth approximately $2.87 million, marking a 60.6% increase. Essex Investment Management Co LLC significantly boosted its stake by 166,341 shares, ending with 189,640 shares valued at $2.14 million, a 713.9% increase. SEI Investments Co added 102,592 shares, raising its total to 147,486 shares worth $1.67 million, a 228.5% increase. In contrast, Archon Capital Management LLC reduced its position by 10,000 shares to 140,000 shares, valued at $1.58 million, a 6.7% decrease.

Coda Octopus Group, Inc. Stock Down 6.5%

As of Wednesday, shares of Coda Octopus Group, Inc. (NasdaqCM: CODA) traded at approximately $9.64. The company has a market capitalization of about $109 million and a P/E ratio of 22. The stock's 52-week range spans from a low of $7.01 to a high of $17.28. Coda Octopus has a 50-day moving average of $11.83 and a 200-day moving average of $10.69. Its financial health is reflected in a current ratio of 10.15 and a quick ratio of 7.35, with a debt-to-equity ratio of 0.63.

Recent Earnings

Coda Octopus Group reported revenue of $27.95 million, though it experienced a slight revenue decline of 1.6%. The company's earnings per share stood at $0.44, with a net margin of 17.7% and a return on equity of 8.4%. The next earnings release is expected on September 14, 2026.

Analysts Set New Price Targets

On June 18, 2026, Freedom Broker upgraded Coda Octopus Group to a 'buy' rating and set a price target of $14. The consensus among analysts is a 'strong buy', with a mean target price of $14, based on two analyst opinions.

About Coda Octopus Group

Coda Octopus Group, Inc., headquartered in Orlando, Florida, is an industrial company operating in the aerospace and defense sector. It provides underwater technologies and equipment for real-time 3D imaging, mapping, and defense applications. The company serves a global market, including the United States, Europe, and Asia. Led by CEO Annmarie Gayle, Coda Octopus employs around 100 people and operates through three business segments: Marine Technology, Acoustic Sensors and Materials, and Defense Engineering Services.

Bottom Line

Insider purchases like Michael Hamilton's can signal confidence in Coda Octopus Group's future. Investors track these moves to gauge insider sentiment. While such transactions provide insight, remember that insider trading reports are retrospective and may not reflect current positions.