Insider Selling: 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 business’s stock in a transaction dated 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 sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website.

Altus Power Price Performance

NYSE AMPS opened at $4.90 on Tuesday. The stock’s 50-day moving average price is $4.20 and its two-hundred day moving average price is $3.70. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 2.10. The company has a market cap of $787.12 million, a PE ratio of 22.25 and a beta of 1.05. Altus Power, Inc. has a 1 year low of $2.71 and a 1 year high of $7.01.

Analyst Upgrades and Downgrades

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

Institutional Trading of Altus Power

Several institutional investors and hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Altus Power by 27.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 385,699 shares of the company’s stock worth $1,570,000 after buying an additional 83,911 shares during the period. Squarepoint Ops LLC raised its holdings in Altus Power by 51.3% during the 4th quarter. Squarepoint Ops LLC now owns 107,859 shares of the company’s stock worth $439,000 after buying an additional 36,550 shares during the period. ProShare Advisors LLC increased its holdings in shares of Altus Power by 11.5% in the 4th quarter. ProShare Advisors LLC now owns 49,869 shares of the company’s stock valued at $203,000 after purchasing an additional 5,143 shares during the period. Millennium Management LLC increased its holdings in shares of Altus Power by 148.3% in the 4th quarter. Millennium Management LLC now owns 652,278 shares of the company’s stock valued at $2,655,000 after purchasing an additional 389,605 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Altus Power by 13.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 61,121 shares of the company’s stock valued at $249,000 after purchasing an additional 7,428 shares during the period. Institutional investors and hedge funds 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.