Insider Selling: Altus Power, Inc. (NYSE:AMPS) Insider Sells $43,320.93 in Stock

Altus Power, Inc. (NYSE:AMPS) insider Anthony Savino sold 8,823 shares of the firm’s 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 $43,320.93. Following the transaction, the insider now owns 4,088,231 shares of the company’s stock, valued at approximately $20,073,214.21. The trade was a 0.22 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Altus Power Stock Performance

Shares of AMPS opened at $4.93 on Thursday. Altus Power, Inc. has a one year low of $2.71 and a one year high of $7.01. The company has a market cap of $791.92 million, a PE ratio of 22.39 and a beta of 1.05. The stock has a 50-day moving average of $4.24 and a 200-day moving average of $3.72. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.60 and a quick ratio of 0.60.

Institutional Investors Weigh In On Altus Power

A number of hedge funds have recently added to or reduced their stakes in AMPS. SG Americas Securities LLC raised its position in shares of Altus Power by 135.9% during the third quarter. SG Americas Securities LLC now owns 30,146 shares of the company’s stock worth $96,000 after purchasing an additional 17,368 shares during the period. abrdn plc raised its holdings in Altus Power by 8.7% during the third quarter. abrdn plc now owns 1,444,400 shares of the company’s stock worth $4,593,000 after buying an additional 115,300 shares during the last quarter. Iridian Asset Management LLC CT bought a new position in shares of Altus Power in the third quarter valued at $40,000. HTG Investment Advisors Inc. grew its holdings in shares of Altus Power by 8.6% during the third quarter. HTG Investment Advisors Inc. now owns 65,148 shares of the company’s stock valued at $207,000 after buying an additional 5,148 shares during the last quarter. Finally, GSA Capital Partners LLP bought a new stake in shares of Altus Power during the third quarter worth about $286,000. Institutional investors and hedge funds own 46.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AMPS shares. B. Riley downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $6.00 to $5.00 in a research note on Friday, February 7th. Seaport Res Ptn lowered Altus Power from a “strong-buy” rating to a “hold” rating in a research report on Thursday, February 6th. UBS Group downgraded Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research note on Monday, February 10th. Finally, JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Thursday, February 6th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price 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.