Atria Wealth Solutions Inc. Sells 256,895 Shares of EVgo, Inc. (NYSE:EVGO)

Atria Wealth Solutions Inc. decreased its holdings in EVgo, Inc. (NYSE:EVGO - Free Report) by 79.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,108 shares of the company's stock after selling 256,895 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in EVgo were worth $272,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of EVGO. Creative Planning boosted its holdings in shares of EVgo by 32.7% in the third quarter. Creative Planning now owns 13,365 shares of the company's stock valued at $55,000 after acquiring an additional 3,297 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in EVgo in the third quarter worth approximately $51,000. Legacy Capital Wealth Partners LLC boosted its stake in EVgo by 31.8% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 14,500 shares of the company's stock valued at $60,000 after purchasing an additional 3,500 shares in the last quarter. Intech Investment Management LLC acquired a new position in shares of EVgo during the 3rd quarter valued at $158,000. Finally, DRW Securities LLC bought a new stake in shares of EVgo in the 3rd quarter worth $114,000. 17.44% of the stock is owned by institutional investors and hedge funds.

EVgo Trading Down 7.9 %

NYSE EVGO traded down $0.21 during trading on Monday, reaching $2.44. 5,372,950 shares of the company's stock were exchanged, compared to its average volume of 4,583,463. The firm has a market capitalization of $739.69 million, a PE ratio of -5.81 and a beta of 2.32. EVgo, Inc. has a fifty-two week low of $1.65 and a fifty-two week high of $9.07. The company's fifty day simple moving average is $3.47 and its 200-day simple moving average is $4.93.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Needham & Company LLC restated a "hold" rating on shares of EVgo in a research report on Thursday, January 16th. UBS Group reduced their target price on shares of EVgo from $8.00 to $5.00 and set a "buy" rating for the company in a report on Monday, January 27th. Finally, JPMorgan Chase & Co. cut their price objective on EVgo from $7.00 to $6.00 and set an "overweight" rating for the company in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $6.11.

Insider Buying and Selling

In other news, Director David Nanus sold 23,000,000 shares of the firm's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $5.00, for a total transaction of $115,000,000.00. Following the completion of the sale, the director now directly owns 5,882,352 shares of the company's stock, valued at $29,411,760. This trade represents a 79.63 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, President Dennis G. Kish sold 17,379 shares of the business's stock in a transaction that occurred on Friday, January 3rd. The shares were sold at an average price of $4.32, for a total value of $75,077.28. Following the completion of the sale, the president now directly owns 13,655 shares of the company's stock, valued at approximately $58,989.60. The trade was a 56.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,061,563 shares of company stock worth $115,225,745. 66.96% of the stock is owned by company insiders.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.