Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber Sells 9,162 Shares

Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber sold 9,162 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total transaction of $44,985.42. Following the completion of the sale, the chief financial officer now directly owns 2,002,611 shares in the company, valued at $9,832,820.01. This trade represents a 0.46 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Altus Power Trading Down 0.1 %

Altus Power stock traded down $0.01 during trading hours on Monday, reaching $4.90. 1,596,810 shares of the company’s stock traded hands, compared to its average volume of 3,882,152. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. Altus Power, Inc. has a fifty-two week low of $2.71 and a fifty-two week high of $7.01. The firm has a market capitalization of $787.12 million, a price-to-earnings ratio of 22.25 and a beta of 1.05. The firm’s 50 day moving average is $4.20 and its 200-day moving average is $3.70.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Magnus Financial Group LLC acquired a new position in Altus Power during the 4th quarter valued at about $333,000. Barclays PLC lifted its position in Altus Power by 312.8% during the 3rd quarter. Barclays PLC now owns 115,987 shares of the company’s stock valued at $369,000 after purchasing an additional 87,886 shares during the period. Ballentine Partners LLC bought a new stake in shares of Altus Power in the 4th quarter valued at about $112,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Altus Power by 798.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 73,508 shares of the company’s stock valued at $234,000 after acquiring an additional 65,327 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Altus Power during the 3rd quarter worth approximately $425,000. 46.55% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMPS. B. Riley lowered shares of Altus Power from a “buy” rating to a “neutral” rating and lowered their price target for the company from $6.00 to $5.00 in a report on Friday, February 7th. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price target on the stock in a research report on Thursday, February 6th. Seaport Res Ptn downgraded shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. Finally, UBS Group downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price target on the stock. in a research report on Monday, February 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $5.06.

About Altus Power

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.