Insider Selling: Altus Power, Inc. (NYSE:AMPS) CFO Sells 9,162 Shares of Stock

Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber sold 9,162 shares of Altus Power stock in a transaction that occurred on Thursday, February 20th. The stock was sold at an average price of $4.91, for a total transaction of $44,985.42. Following the transaction, the chief financial officer now directly owns 2,002,611 shares in the company, valued at $9,832,820.01. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Altus Power Stock Down 0.1 %

Shares of NYSE:AMPS traded down $0.01 during midday trading on Monday, hitting $4.90. The stock had a trading volume of 1,596,810 shares, compared to its average volume of 3,882,152. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $7.01. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10. The business’s 50-day simple moving average is $4.20 and its 200-day simple moving average is $3.70. The company has a market cap of $787.12 million, a P/E ratio of 22.25 and a beta of 1.05.

Hedge Funds Weigh In On Altus Power

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE grew its stake in shares of Altus Power by 11,326.2% in the fourth quarter. US Bancorp DE now owns 9,598 shares of the company’s stock valued at $39,000 after buying an additional 9,514 shares in the last quarter. SevenBridge Financial Group LLC bought a new position in shares of Altus Power in the fourth quarter valued at $41,000. One68 Global Capital LLC bought a new position in shares of Altus Power in the fourth quarter valued at $41,000. Citizens Financial Group Inc. RI bought a new position in Altus Power during the fourth quarter worth $41,000. Finally, Bayesian Capital Management LP bought a new position in Altus Power during the fourth quarter worth $44,000. 46.55% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AMPS has been the topic of several research analyst reports. B. Riley downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $6.00 to $5.00 in a report on Friday, February 7th. UBS Group downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price on the stock. in a report on Monday, February 10th. Seaport Res Ptn downgraded shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $5.06.

Altus Power Company Profile

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.