Insider Selling: HPEV major shareholder Sells 25,000 Shares of Stock (WARM)
HPEV (NASDAQ:WARM) major shareholder Bear Ltd Spirit sold 25,000 shares of the stock in a transaction dated Friday, August 1st. The shares were sold at an average price of $0.69, for a total value of $17,250.00. Following the completion of the sale, the insider now directly owns 83,700 shares of the company’s stock, valued at approximately $57,753. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.
HPEV (NASDAQ:WARM) remained flat at $0.69 during during mid-day trading trading on Friday. 95,436 shares of the company’s stock traded hands. HPEV has a one year low of $0.23 and a one year high of $2.28. The stock has a 50-day moving average of $0.85 and a 200-day moving average of $1.12. The company’s market cap is $38.9 million.
A number of analysts have recently weighed in on WARM shares. 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 investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The company has an average 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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