Altus Power, Inc. (NYSE:AMPS) CFO Sells $44,985.42 in Stock

Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber sold 9,162 shares of the stock in a transaction that occurred 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 transaction, the chief financial officer now owns 2,002,611 shares in the company, valued at approximately $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 can be accessed through the SEC website.

Altus Power Stock Up 0.1 %

AMPS opened at $4.93 on Thursday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. Altus Power, Inc. has a 1-year low of $2.71 and a 1-year high of $7.01. The company has a market capitalization of $791.92 million, a PE ratio of 22.39 and a beta of 1.05. The firm’s 50 day simple moving average is $4.24 and its two-hundred day simple moving average is $3.72.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on AMPS shares. JPMorgan Chase & Co. upgraded shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 price objective 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. B. Riley downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $6.00 to $5.00 in a research report on Friday, February 7th. Finally, UBS Group downgraded shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 price objective on the stock. in a research report on Monday, February 10th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Altus Power presently has a consensus rating of “Hold” and an average price target of $5.06.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Altus Power by 27.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 385,699 shares of the company’s stock valued at $1,570,000 after purchasing an additional 83,911 shares during the period. Squarepoint Ops LLC raised its position in shares of Altus Power by 51.3% during the 4th quarter. Squarepoint Ops LLC now owns 107,859 shares of the company’s stock valued at $439,000 after purchasing an additional 36,550 shares during the period. ProShare Advisors LLC raised its position in shares of Altus Power by 11.5% during 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 period. Millennium Management LLC raised its position in shares of Altus Power by 148.3% during the 4th quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock valued at $2,655,000 after purchasing an additional 389,605 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of Altus Power by 13.8% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,121 shares of the company’s stock valued at $249,000 after purchasing an additional 7,428 shares during the period. 46.55% of the stock is currently owned by institutional investors.

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.