CPI Card Group director Mallela Ravi buys $21,500 in common stock

CPI Card Group director Mallela Ravi acquired 1,000 shares of the company's common stock on September 14, 2026, at a price of $21.50 per share, amounting to $21,500. The stock has seen a 59.5% increase over the past year, but has dropped 16.5% in the last week. This acquisition brings Mr. Ravi's total ownership of CPI Card Group common stock to 12,471 shares. Analysts from InvestingPro indicate that the company's stock appears undervalued at the moment, with 12 more ProTips accessible to subscribers through their platform.

In their most recent quarter, CPI Card Group reported revenue of $149.18 million for Q2 2026, outperforming the estimated $143.88 million. However, earnings per share fell short of expectations, reporting $0.17 compared to the forecasted $0.53. The company highlighted improved gross margins and a record first-half cash flow of $36 million, a substantial rise from $1 million in the previous year. Furthermore, CPI Card Group has raised its full-year revenue growth and free cash flow expectations.

In separate news, stockholders affiliated with Parallel49 Equity announced an underwritten secondary public offering of 2,337,323 shares of common stock. They have also granted underwriters the option to purchase an additional 350,598 shares within a 30-day period, subject to market conditions. The success and terms of this offering are not yet determined. This report was AI-generated and reviewed by an editor. For more information, consult the provided Terms and Conditions.