Altus Power, Inc. (NYSE:AMPS) Insider Anthony Savino Sells 8,823 Shares

Altus Power, Inc. (NYSE:AMPS - Get Free Report) insider Anthony Savino sold 8,823 shares of the business's stock in a transaction dated Thursday, February 20th. The stock was sold at an average price of $4.91, for a total value of $43,320.93. Following the completion of the transaction, the insider now directly owns 4,088,231 shares of the company's stock, valued at approximately $20,073,214.21. This trade represents a 0.22 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Altus Power Stock Performance

Shares of NYSE AMPS traded up $0.01 during trading on Friday, hitting $4.93. The company had a trading volume of 2,199,475 shares, compared to its average volume of 3,715,312. Altus Power, Inc. has a 12 month low of $2.71 and a 12 month high of $7.01. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market capitalization of $791.92 million, a P/E ratio of 22.39 and a beta of 1.05. The stock has a 50 day simple moving average of $4.30 and a 200 day simple moving average of $3.75.

Wall Street Analysts Forecast Growth

AMPS has been the subject of several research reports. JPMorgan Chase & Co. raised shares of 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. UBS Group downgraded Altus Power from a "buy" rating to a "neutral" rating and set a $5.00 price target on the stock. in a research note on Monday, February 10th. Seaport Res Ptn lowered Altus Power from a "strong-buy" rating to a "hold" rating in a report on Thursday, February 6th. Finally, B. Riley downgraded Altus Power from a "buy" rating to a "neutral" rating and lowered their target price for the company from $6.00 to $5.00 in a report on Friday, February 7th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $5.06.

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Institutional Investors Weigh In On Altus Power

A number of institutional investors and hedge funds have recently added to or reduced their stakes in AMPS. US Bancorp DE increased its stake in shares of Altus Power by 11,326.2% in the fourth quarter. US Bancorp DE now owns 9,598 shares of the company's stock worth $39,000 after purchasing an additional 9,514 shares in the last quarter. Iridian Asset Management LLC CT purchased a new stake in Altus Power in the 3rd quarter worth $40,000. HighTower Advisors LLC bought a new stake in Altus Power during the third quarter valued at about $41,000. Citizens Financial Group Inc. RI bought a new stake in Altus Power during the fourth quarter valued at about $41,000. Finally, SevenBridge Financial Group LLC purchased a new position in shares of Altus Power in the fourth quarter valued at about $41,000. 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.