Insider Selling: EnerNOC SVP Sells 10,000 Shares of Stock (ENOC)
EnerNOC (NASDAQ:ENOC) SVP Gregg Dixon sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $19.61, for a total transaction of $196,100.00. Following the sale, the senior vice president now directly owns 345,882 shares of the company’s stock, valued at approximately $6,782,746. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
EnerNOC (NASDAQ:ENOC) traded up 1.27% during mid-day trading on Wednesday, hitting $19.96. The stock had a trading volume of 587,603 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 $18.70 and a 200-day moving average of $19.89. The company has a market cap of $564.7 million and a price-to-earnings ratio of 19.89.
EnerNOC (NASDAQ:ENOC) last posted its quarterly 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. Analysts expect that EnerNOC will post $0.49 EPS 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 analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target 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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