Altus Power, Inc. (NYSE:AMPS - Get Free Report) CFO Dustin Weber sold 15,480 shares of the stock in a transaction dated Monday, April 7th. The stock was sold at an average price of $4.96, for a total value of $76,780.80. Following the sale, the chief financial officer now directly owns 1,966,208 shares in the company, valued at $9,752,391.68. This trade represents a 0.78 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Dustin Weber also recently made the following trade(s):
- On Thursday, February 20th, Dustin Weber sold 9,162 shares of Altus Power stock. The shares were sold at an average price of $4.91, for a total value of $44,985.42.
Altus Power Price Performance
NYSE:AMPS opened at $4.99 on Thursday. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $5.50. The stock has a 50 day moving average of $4.87 and a two-hundred day moving average of $4.12. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. The firm has a market cap of $800.50 million, a P/E ratio of 22.68 and a beta of 0.94.
Altus Power (NYSE:AMPS - Get Free Report) last announced its earnings results on Monday, March 17th. The company reported ($0.32) EPS for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.28). The firm had revenue of $44.47 million for the quarter, compared to analysts' expectations of $46.64 million. Altus Power had a net margin of 19.18% and a return on equity of 4.79%. On average, analysts expect that Altus Power, Inc. will post 0.14 earnings per share for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently weighed in on AMPS shares. Roth Mkm restated a "neutral" rating and issued a $5.00 target price on shares of Altus Power in a research report on Friday, March 21st. Roth Capital cut Altus Power from a "strong-buy" rating to a "hold" rating in a research note on Thursday, March 20th. UBS Group cut Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 target price on the stock. in a research note on Monday, February 10th. JPMorgan Chase & Co. raised Altus Power from an "underweight" rating to a "neutral" rating and set a $5.00 price target on the stock in a research note on Thursday, February 6th. Finally, Seaport Res Ptn downgraded Altus Power from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Seven equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $5.13.
View Our Latest Analysis on Altus Power
Institutional Trading of Altus Power
Several institutional investors and hedge funds have recently made changes to their positions in AMPS. Janus Henderson Group PLC grew its stake in shares of Altus Power by 9.0% during the third quarter. Janus Henderson Group PLC now owns 44,792 shares of the company's stock valued at $142,000 after acquiring an additional 3,709 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in shares of Altus Power by 8.8% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 54,512 shares of the company's stock valued at $222,000 after buying an additional 4,395 shares during the period. ProShare Advisors LLC lifted its stake in shares of Altus Power by 11.5% in the 4th quarter. ProShare Advisors LLC now owns 49,869 shares of the company's stock valued at $203,000 after purchasing an additional 5,143 shares during the last quarter. SG Americas Securities LLC raised its holdings in Altus Power by 19.6% in the 4th quarter. SG Americas Securities LLC now owns 36,058 shares of the company's stock worth $147,000 after acquiring an additional 5,912 shares during the period. Finally, Pictet Asset Management Holding SA increased its holdings in shares of Altus Power by 23.2% during the 4th quarter. Pictet Asset Management Holding SA now owns 34,656 shares of the company's stock worth $141,000 after purchasing an additional 6,524 shares during the period. 46.55% of the stock is currently owned by hedge funds and other institutional investors.
About Altus Power
(
Get Free Report)
Altus Power, Inc, a clean electrification company, develops, owns, constructs, and operates roof, ground, and carport-based photovoltaic solar energy generation and storage systems. It serves commercial, industrial, public sector, and community solar customers. Altus Power, Inc was founded in 2013 and is headquartered in Stamford, Connecticut.
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