Insider Selling: EnerNOC President Sells 10,000 Shares of Stock (ENOC)
EnerNOC (NASDAQ:ENOC) President David B. Brewster sold 10,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $19.34, for a total transaction of $193,400.00. Following the completion of the sale, the president now directly owns 1,077,368 shares of the company’s stock, valued at approximately $20,836,297. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
ENOC has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of EnerNOC from a “neutral” rating to an “outperform” rating in a research note on Wednesday. They now have a $21.20 price target on the stock. Separately, analysts at Credit Suisse reiterated a “neutral” rating on shares of EnerNOC in a research note on Monday. They now have a $22.00 price target on the stock, up previously from $20.00. Finally, 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. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $20.21.
EnerNOC (NASDAQ:ENOC) traded down 0.93% during mid-day trading on Friday, hitting $19.26. The stock had a trading volume of 631,760 shares. EnerNOC has a 52 week low of $13.98 and a 52 week high of $24.35. The stock has a 50-day moving average of $18.28 and a 200-day moving average of $20.15. The company has a market cap of $544.9 million and a price-to-earnings ratio of 19.62. EnerNOC also saw some unusual options trading on Wednesday. Stock investors purchased 67 put options on the stock. This represents an increase of approximately 191% compared to the typical daily volume of 23 put options.
EnerNOC (NASDAQ:ENOC) last announced its earnings results on Thursday, August 7th. The company reported ($0.74) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($1.05) earnings per share. The company’s quarterly revenue was up 21.9% on a year-over-year basis. On average, analysts predict that EnerNOC will post $0.49 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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