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

Altus Power, Inc. (NYSE:AMPS) CFO Dustin Weber sold 9,162 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $4.91, for a total value of $44,985.42. Following the sale, the chief financial officer now directly owns 2,002,611 shares of the company’s stock, valued at approximately $9,832,820.01. This represents a 0.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Altus Power Price Performance

AMPS opened at $4.93 on Wednesday. The stock has a fifty day moving average of $4.22 and a 200-day moving average of $3.71. The firm has a market capitalization of $791.92 million, a P/E ratio of 22.39 and a beta of 1.05. Altus Power, Inc. has a 12-month low of $2.71 and a 12-month 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.

Analyst Upgrades and Downgrades

AMPS has been the subject of several research analyst reports. UBS Group downgraded 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. B. Riley cut Altus Power from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $6.00 to $5.00 in a report on Friday, February 7th. Seaport Res Ptn cut Altus Power from a “strong-buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, JPMorgan Chase & Co. raised Altus Power from an “underweight” rating to a “neutral” rating and set a $5.00 target price on the stock in a research report on Thursday, February 6th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $5.06.

Hedge Funds Weigh In On Altus Power

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

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.