Insider Selling: EnerNOC CEO Sells 12,500 Shares of Stock (ENOC)
EnerNOC (NASDAQ:ENOC) CEO Timothy G. Healy sold 12,500 shares of the company’s stock on the open market in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $18.27, for a total value of $228,375.00. Following the completion of the sale, the chief executive officer now directly owns 1,096,043 shares of the company’s stock, valued at approximately $20,024,706. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday, June 2nd. They now have a $20.00 price target on the stock, down previously from $23.00. Separately, analysts at Zacks downgraded shares of EnerNOC from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 15th. They now have a $25.50 price target on the stock. Finally, analysts at Zacks upgraded shares of EnerNOC from a “neutral” rating to an “outperform” rating in a research note on Wednesday, April 16th. They now have a $23.20 price target on the stock. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company. EnerNOC presently has a consensus rating of “Hold” and a consensus price target of $20.50.
EnerNOC (NASDAQ:ENOC) traded up 0.72% on Friday, hitting $18.31. The stock had a trading volume of 207,823 shares. EnerNOC has a one year low of $11.58 and a one year high of $24.35. The stock has a 50-day moving average of $19.4 and a 200-day moving average of $20.20. The company has a market cap of $515.3 million and a P/E ratio of 23.80.
EnerNOC (NASDAQ:ENOC) last issued its quarterly earnings data on Thursday, May 8th. The company reported ($0.87) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($0.88) earnings per share. EnerNOC’s revenue was up 59.8% compared to the same quarter last year. Analysts expect that EnerNOC will post $0.46 EPS for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.