Insider Selling: EnerNOC CEO Sells 12,500 Shares of Stock (ENOC)
EnerNOC (NASDAQ:ENOC) CEO Timothy G. Healy sold 12,500 shares of the company’s stock in a transaction dated Monday, August 18th. The shares were sold at an average price of $19.60, for a total transaction of $245,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,066,043 shares in the company, valued at approximately $20,894,443. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of EnerNOC (NASDAQ:ENOC) traded down 0.71% on Wednesday, hitting $19.54. The stock had a trading volume of 693,213 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 $18.39 and its 200-day moving average is $20.04. The company has a market cap of $552.9 million and a price-to-earnings ratio of 19.86.
EnerNOC (NASDAQ:ENOC) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.74) earnings per share for the quarter, beating the analysts’ 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 last year, the company posted ($1.05) earnings per share. EnerNOC’s revenue was up 21.9% compared to the same quarter last year. Analysts expect that EnerNOC will post $0.49 EPS for the current fiscal year.
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, August 13th. 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 analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $20.21.
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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