Insider Selling: Timothy G. Healy Unloads 12,500 Shares of EnerNOC Stock (ENOC)
EnerNOC (NASDAQ:ENOC) CEO Timothy G. Healy sold 12,500 shares of EnerNOC stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $19.60, for a total transaction of $245,000.00. Following the completion of the transaction, the chief executive officer now directly owns 1,066,043 shares of the company’s stock, valued at approximately $20,894,443. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of EnerNOC (NASDAQ:ENOC) traded down 0.36% during mid-day trading on Friday, hitting $19.34. The stock had a trading volume of 121,241 shares. EnerNOC has a one year low of $13.98 and a one year high of $24.35. The stock has a 50-day moving average of $18.4 and a 200-day moving average of $20.04. The company has a market cap of $547.2 million and a P/E ratio of 19.59.
EnerNOC (NASDAQ:ENOC) last announced its 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. On average, analysts predict that EnerNOC will post $0.49 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 research 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 company currently has an average rating of “Buy” and a consensus 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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