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

Altus Power, Inc. (NYSE:AMPS - Get Free Report) CFO Dustin Weber sold 9,162 shares of the company'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 $44,985.42. Following the completion of 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Altus Power Trading Up 0.1 %

Shares of Altus Power stock traded up $0.01 on Friday, hitting $4.93. The stock had a trading volume of 2,199,475 shares, compared to its average volume of 3,715,312. The stock's 50-day simple moving average is $4.30 and its two-hundred day simple moving average is $3.75. Altus Power, Inc. has a one year low of $2.71 and a one year 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 stock has a market cap of $791.92 million, a price-to-earnings ratio of 22.39 and a beta of 1.05.

Analyst Ratings Changes

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

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Hedge Funds Weigh In On Altus Power

A number of hedge funds have recently modified their holdings of AMPS. Magnus Financial Group LLC purchased a new stake in shares of Altus Power during the fourth quarter worth about $333,000. Barclays PLC raised 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 last quarter. Ballentine Partners LLC purchased a new stake in Altus Power in the 4th quarter worth approximately $112,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position 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 worth $234,000 after buying an additional 65,327 shares during the last quarter. Finally, XTX Topco Ltd purchased a new position in shares of Altus Power during the third quarter valued at approximately $425,000. Hedge funds and other institutional investors 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.