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HPEV (NASDAQ:WARM) major shareholder Bear Ltd Spirit sold 50,000 shares of the company’s stock on the open market in a transaction dated Monday, July 14th. The stock was sold at an average price of $0.72, for a total value of $36,000.00. Following the completion of the sale, the insider now directly owns 154,800 shares of the company’s stock, valued at approximately $111,456. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

Shares of HPEV (NASDAQ:WARM) traded down 2.82% on Wednesday, hitting $0.69. 42,046 shares of the company’s stock traded hands. HPEV has a 52 week low of $0.23 and a 52 week high of $2.28. The stock has a 50-day moving average of $1.03 and a 200-day moving average of $1.11. The company’s market cap is $38.9 million.

WARM has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. raised their price target on shares of HPEV from $35.00 to $38.00 in a research note on Friday, May 23rd. They now have an “overweight” rating on the stock. Separately, analysts at Credit Suisse raised their price target on shares of HPEV from $30.00 to $35.00 in a research note on Friday, May 23rd. Finally, analysts at Goldman Sachs raised their price target on shares of HPEV from $24.00 to $25.00 in a research note on Friday, May 23rd. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. HPEV has a consensus rating of “Buy” and an average target price of $34.33.

HPEV, Inc(NASDAQ:WARM), formerly Z3 Enterprises, Inc is a development stage company .

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