FTC Solar, Inc. (NASDAQ:FTCI - Get Free Report) Director Ahmad R. Chatila acquired 16,740 shares of FTC Solar stock in a transaction on Wednesday, April 2nd. The shares were purchased at an average price of $2.93 per share, with a total value of $49,048.20. Following the completion of the purchase, the director now owns 1,984,708 shares in the company, valued at $5,815,194.44. This represents a 0.85 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
FTC Solar Price Performance
Shares of NASDAQ FTCI opened at $2.95 on Friday. The firm's 50-day moving average price is $3.16 and its 200-day moving average price is $4.14. FTC Solar, Inc. has a 52-week low of $1.76 and a 52-week high of $7.40. The company has a market cap of $37.92 million, a PE ratio of -0.78 and a beta of 1.26.
Institutional Investors Weigh In On FTC Solar
An institutional investor recently raised its position in FTC Solar stock. Geode Capital Management LLC lifted its position in FTC Solar, Inc. (NASDAQ:FTCI - Free Report) by 9.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 766,863 shares of the company's stock after buying an additional 64,325 shares during the period. Geode Capital Management LLC owned approximately 0.60% of FTC Solar worth $522,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 45.36% of the company's stock.
Analysts Set New Price Targets
A number of research firms have recently commented on FTCI. Roth Mkm increased their price target on shares of FTC Solar from $0.50 to $3.00 and gave the company a "neutral" rating in a report on Tuesday. UBS Group cut their target price on FTC Solar from $4.00 to $3.50 and set a "neutral" rating on the stock in a research note on Wednesday.
Read Our Latest Stock Report on FTCI
About FTC Solar
(
Get Free Report)
FTC Solar, Inc engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name.
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