Insider Selling: David B. Brewster Sells 10,000 Shares of EnerNOC Stock (ENOC)
EnerNOC (NASDAQ:ENOC) President David B. Brewster unloaded 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $19.36, for a total value of $193,600.00. Following the transaction, the president now directly owns 1,122,368 shares in the company, valued at approximately $21,729,044. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
EnerNOC (NASDAQ:ENOC) traded down 1.71% during mid-day trading on Monday, hitting $18.95. The stock had a trading volume of 326,391 shares. EnerNOC has a 1-year low of $11.58 and a 1-year high of $24.35. The stock’s 50-day moving average is $21.73 and its 200-day moving average is $20.06. The company has a market cap of $533.3 million and a price-to-earnings ratio of 25.24.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, May 8th. The company reported ($0.87) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($1.15) by $0.28. The company had revenue of $52.50 million for the quarter, compared to the consensus estimate of $40.85 million. During the same quarter in the prior year, the company posted ($0.88) earnings per share. The company’s quarterly revenue was up 59.8% on a year-over-year basis. On average, analysts predict that EnerNOC will post $0.46 earnings per share for the current fiscal year.
ENOC has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating in a research note on Thursday. They now have a $25.50 price target on the stock. Finally, analysts at JPMorgan Chase & Co. upgraded shares of EnerNOC from a “neutral” rating to an “overweight” rating in a research note on Tuesday, April 15th. They now have a $24.50 price target on the stock, up previously from $21.00. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. EnerNOC has an average rating of “Hold” and an average price target of $20.50.
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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