Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber Sells 15,480 Shares

Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber sold 15,480 shares of Altus Power stock in a transaction on Monday, April 7th. The stock was sold at an average price of $4.96, for a total transaction of $76,780.80. Following the sale, the chief financial officer now owns 1,966,208 shares in the company, valued at $9,752,391.68. This represents a 0.78 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Dustin Weber also recently made the following trade(s):

• On Thursday, February 20th, Dustin Weber sold 9,162 shares of Altus Power stock. The stock was sold at an average price of $4.91, for a total value of $44,985.42.

Altus Power Stock Performance

NYSE:AMPS traded up $0.03 during midday trading on Wednesday, reaching $4.99. The stock had a trading volume of 11,439,946 shares, compared to its average volume of 1,708,290. 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 stock has a market cap of $800.50 million, a P/E ratio of 22.68 and a beta of 0.94. The firm has a fifty day simple moving average of $4.87 and a two-hundred day simple moving average of $4.12. Altus Power, Inc. has a 12-month low of $2.71 and a 12-month high of $5.50.

Altus Power (NYSE:AMPS) last issued its earnings results on Monday, March 17th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.28). The firm had revenue of $44.47 million during 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, equities analysts expect that Altus Power, Inc. will post 0.14 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Roth Mkm reissued a “neutral” rating and issued a $5.00 target price on shares of Altus Power in a report on Friday, March 21st. UBS Group cut Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective for the company. in a research note on Monday, February 10th. B. Riley downgraded Altus Power from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $6.00 to $5.00 in a report on Friday, February 7th. Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Roth Capital cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 20th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $5.13.

Hedge Funds Weigh In On Altus Power

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. HighTower Advisors LLC acquired a new stake in shares of Altus Power in the 3rd quarter valued at approximately $41,000. Janus Henderson Group PLC raised its position in Altus Power by 9.0% in the third quarter. Janus Henderson Group PLC now owns 44,792 shares of the company’s stock worth $142,000 after acquiring an additional 3,709 shares in the last quarter. State Street Corp lifted its holdings in Altus Power by 0.6% in the third quarter. State Street Corp now owns 3,682,864 shares of the company’s stock valued at $11,712,000 after acquiring an additional 21,312 shares during the period. XTX Topco Ltd acquired a new position in shares of Altus Power during the 3rd quarter worth $425,000. Finally, Barclays PLC lifted its stake in shares of Altus Power by 312.8% in the third 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. Institutional investors and hedge funds own 46.55% of the company’s stock.

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.