Insider Selling: EnerNOC CEO Sells 2,500 Shares of Stock (ENOC)
EnerNOC (NASDAQ:ENOC) CEO Timothy G. Healy sold 2,500 shares of EnerNOC stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $20.00, for a total value of $50,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,108,543 shares of the company’s stock, valued at approximately $22,170,860. The sale was disclosed in a legal filing with the SEC, which is available at this link.
ENOC has been the subject of a number of recent research reports. 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 investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $20.50.
Shares of EnerNOC (NASDAQ:ENOC) traded up 0.33% on Friday, hitting $18.28. 118,426 shares of the company’s stock traded hands. EnerNOC has a one year low of $12.87 and a one year high of $24.35. The stock has a 50-day moving average of $18.80 and a 200-day moving average of $20.26. The company has a market cap of $514.4 million and a P/E ratio of 23.85.
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. On average, analysts predict that EnerNOC will post $0.46 earnings per share 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.
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