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 firm’s stock in a transaction 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 sale, the chief financial officer now owns 2,002,611 shares in the company, valued at $9,832,820.01. The trade was a 0.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Altus Power Stock Performance

Shares of NYSE:AMPS opened at $4.93 on Thursday. Altus Power, Inc. has a 52 week low of $2.71 and a 52 week high of $7.01. The stock has a market capitalization of $791.92 million, a P/E ratio of 22.39 and a beta of 1.05. The firm has a fifty day simple moving average of $4.24 and a two-hundred day simple moving average of $3.72. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 2.10.

Hedge Funds Weigh In On Altus Power

A number of institutional investors and hedge funds have recently made changes to their positions in AMPS. SG Americas Securities LLC grew its stake in shares of Altus Power by 135.9% in the 3rd quarter. SG Americas Securities LLC now owns 30,146 shares of the company’s stock worth $96,000 after buying an additional 17,368 shares in the last quarter. abrdn plc boosted its stake in shares of Altus Power by 8.7% during the 3rd quarter. abrdn plc now owns 1,444,400 shares of the company’s stock worth $4,593,000 after purchasing an additional 115,300 shares during the period. Iridian Asset Management LLC CT purchased a new position in shares of Altus Power during the 3rd quarter worth about $40,000. HTG Investment Advisors Inc. boosted its stake in shares of Altus Power by 8.6% during the 3rd quarter. HTG Investment Advisors Inc. now owns 65,148 shares of the company’s stock worth $207,000 after purchasing an additional 5,148 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Altus Power during the 3rd quarter worth about $286,000. 46.55% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on AMPS shares. Seaport Res Ptn cut shares of Altus Power from a “strong-buy” rating to a “hold” rating in a research note on Thursday, February 6th. UBS Group cut shares of Altus Power from a “buy” rating to a “neutral” rating and set a $5.00 target price for the company. in a research note on Monday, February 10th. B. Riley cut shares of Altus Power from a “buy” rating to a “neutral” rating and cut their target price for the company from $6.00 to $5.00 in a research note on Friday, February 7th. Finally, JPMorgan Chase & Co. raised shares of Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price for the company in a research note on Thursday, February 6th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.06.

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.