Insider Selling: EnerNOC President Unloads 10,000 Shares of Stock (ENOC)
EnerNOC (NASDAQ:ENOC) President David B. Brewster sold 10,000 shares of EnerNOC stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $19.34, for a total value 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 legal filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on ENOC shares. 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, August 11th. 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 investment analyst has rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $20.21.
EnerNOC (NASDAQ:ENOC) traded down 0.93% on Friday, hitting $19.26. 631,760 shares of the company’s stock traded hands. EnerNOC has a 1-year low of $13.98 and a 1-year high of $24.35. The stock has a 50-day moving average of $18.31 and a 200-day moving average of $20.13. The company has a market cap of $544.9 million and a P/E ratio of 19.62.
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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