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Catapult Group International ( (AU:CAT) ) has provided an update.
Catapult Sports Ltd announced that Disruptive Capital Pty Ltd, acting as trustee for certain trusts, has ceased to be a substantial holder in the company as of June 30, 2021. This change is due to a dilution of shareholding resulting from a capital raising, affecting over 11 million fully paid ordinary shares. The announcement highlights a significant shift in the company’s shareholder structure, which could impact its market positioning and stakeholder relationships.
The most recent analyst rating on (AU:CAT) stock is a Buy with a A$7.00 price target. To see the full list of analyst forecasts on Catapult Group International stock, see the AU:CAT Stock Forecast page.
More about Catapult Group International
Catapult Group International operates in the sports technology industry, providing performance analytics and wearable technology solutions for athletes and sports teams. The company focuses on enhancing athletic performance and optimizing team management through its innovative products.
Average Trading Volume: 1,364,648
Technical Sentiment Signal: Buy
Current Market Cap: A$1.7B
Learn more about CAT stock on TipRanks’ Stock Analysis page.