Insider Selling: Timothy G. Healy Sells 2,500 Shares of EnerNOC Stock (ENOC)
EnerNOC (NASDAQ:ENOC) CEO Timothy G. Healy sold 2,500 shares of the company’s stock on the open market in a transaction dated Friday, June 27th. The stock was sold at an average price of $20.00, for a total transaction of $50,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,108,543 shares in the company, valued at approximately $22,170,860. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
EnerNOC (NASDAQ:ENOC) opened at 18.95 on Tuesday. EnerNOC has a one year low of $13.66 and a one year high of $24.35. The stock has a 50-day moving average of $18.61 and a 200-day moving average of $20.37. The company has a market cap of $533.3 million and a price-to-earnings ratio of 24.14.
EnerNOC (NASDAQ:ENOC) last released its earnings data 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. Analysts expect that EnerNOC will post $0.46 EPS for the current fiscal year.
A number of analysts have recently weighed in on ENOC shares. 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 has a consensus rating of “Hold” and a consensus 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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