Altus Power Inc's Chief Construction Officer Anthony Savino Sells 50,000 Shares
Anthony Savino, COFOUNDER and CHIEF CONST. OFFICER of Altus Power Inc (NYSE:AMPS), executed a sale of 50,000 shares in the company on February 15, 2024, according to a recent SEC filing. The transaction was made public through an SEC filing, providing transparency into the insider's stock activities.
Altus Power Inc operates in the renewable energy sector, focusing on the development, acquisition, and management of clean electricity generation projects. The company's portfolio includes solar power generation assets across various segments, including commercial, industrial, and municipal sectors. Altus Power Inc aims to provide clean energy solutions that contribute to a sustainable future.
Over the past year, the insider has sold a total of 200,000 shares and has not made any purchases of the company's stock. This latest transaction continues the trend of stock sales by the insider.
The insider transaction history for Altus Power Inc reveals a pattern of insider activity. In the past year, there have been 6 insider buys and 9 insider sells. This data can be indicative of the insider's view on the company's prospects and may be of interest to current and potential investors.
On the day of the insider's recent sale, shares of Altus Power Inc were trading at $7.06, giving the company a market capitalization of $1.148 billion. The stock's price-earnings ratio stands at 13.79, which is below both the industry median of 14.43 and the company's historical median price-earnings ratio. This valuation metric can be useful for investors comparing the company's current share price with its earnings performance.
Investors often monitor insider transactions as part of their due diligence process, as these transactions can provide insights into the insider's perspective on the company's value and future direction. While insider selling does not necessarily indicate a negative outlook, it is one of many factors that shareholders consider when analyzing a company's investment potential.
For more detailed information on Anthony Savino's insider transactions and the financial performance of Altus Power Inc, interested parties can refer to the SEC filings and the company's financial statements.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
This article first appeared on GuruFocus.
