Insider Selling: Gregg Dixon Sells 10,000 Shares of EnerNOC Stock (ENOC)
EnerNOC (NASDAQ:ENOC) SVP Gregg Dixon unloaded 10,000 shares of EnerNOC stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $16.92, for a total transaction of $169,200.00. Following the completion of the transaction, the senior vice president now directly owns 368,508 shares of the company’s stock, valued at approximately $6,235,155. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of EnerNOC (NASDAQ:ENOC) traded up 4.83% during mid-day trading on Friday, hitting $17.80. The stock had a trading volume of 429,546 shares. EnerNOC has a one year low of $11.50 and a one year high of $19.08. The stock’s 50-day moving average is $16.94 and its 200-day moving average is $15.54. The company has a market cap of $491.5 million and a price-to-earnings ratio of 28.98.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, November 7th. The company reported $3.90 EPS for the quarter, beating the Thomson Reuters consensus estimate of $3.55 by $0.35. The company had revenue of $278.47 million for the quarter, compared to the consensus estimate of $270.81 million. During the same quarter in the prior year, the company posted $2.40 earnings per share. The company’s quarterly revenue was up 56.5% on a year-over-year basis.
A number of analysts have recently weighed in on ENOC shares. Analysts at Canaccord Genuity reiterated a “buy” rating on shares of EnerNOC in a research note to investors on Friday. They now have a $16.98 price target on the stock, down previously from $30.00. Separately, analysts at Macquarie raised their price target on shares of EnerNOC from $16.00 to $19.00 in a research note to investors on Wednesday, November 20th. They now have a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. EnerNOC presently has an average rating of “Hold” and a consensus price target of $16.15.
EnerNOC, Inc (NASDAQ:ENOC) is a provider of energy management applications, services and products for the smart grid, which include demand response, data-driven energy efficiency, and energy price and risk management applications, services and products.
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