Insider Selling: David B. Brewster Sells 20,000 Shares of EnerNOC Stock (ENOC)
EnerNOC (NASDAQ:ENOC) President David B. Brewster sold 20,000 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $20.00, for a total transaction of $400,000.00. Following the transaction, the president now directly owns 1,077,368 shares of the company’s stock, valued at approximately $21,547,360. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of EnerNOC (NASDAQ:ENOC) traded up 8.59% on Friday, hitting $20.10. The stock had a trading volume of 789,738 shares. EnerNOC has a 52-week low of $13.98 and a 52-week high of $24.35. The stock’s 50-day moving average is $18.10 and its 200-day moving average is $20.21. The company has a market cap of $565.7 million and a price-to-earnings ratio of 24.23.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, August 7th. The company reported ($0.74) earnings per share (EPS) for the quarter, beating the consensus estimate of ($1.24) by $0.50. The company had revenue of $44.05 million for the quarter, compared to the consensus estimate of $43.22 million. During the same quarter in the previous year, the company posted ($1.05) earnings per share. The company’s revenue for the quarter was up 21.9% on a year-over-year basis. On average, analysts predict that EnerNOC will post $0.46 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on ENOC shares. Analysts at Needham & Company LLC upgraded shares of EnerNOC from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 17th. They now have a $28.00 price target on the stock. They noted that the move was a valuation call. 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. One research analyst has rated the stock with a sell rating, three have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. EnerNOC presently has an average rating of “Buy” and an average target price of $19.78.
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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