FTC Solar, Inc. (NASDAQ:FTCI – Get Free Report) Director William A. Priddy purchased 20,000 shares of the stock in a transaction on Friday, November 17th. The stock was acquired at an average cost of $0.52 per share, with a total value of $10,400.00. Following the completion of the purchase, the director now directly owns 377,032 shares of the company’s stock, valued at $196,056.64. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website.
FTC Solar Price Performance
FTCI stock opened at $0.55 on Tuesday. FTC Solar, Inc. has a 1 year low of $0.28 and a 1 year high of $3.87. The firm has a 50-day moving average of $1.13 and a 200 day moving average of $2.19. The company has a market cap of $69.30 million, a P/E ratio of -1.03 and a beta of 2.14.
Hedge Funds Weigh In On FTC Solar
A number of institutional investors have recently added to or reduced their stakes in the company. Advisor Group Holdings Inc. increased its stake in shares of FTC Solar by 2,044.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 28,114 shares of the company’s stock worth $139,000 after acquiring an additional 26,803 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of FTC Solar by 37.5% during the first quarter. JPMorgan Chase & Co. now owns 358,303 shares of the company’s stock valued at $1,767,000 after purchasing an additional 97,706 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of FTC Solar by 96.3% during the first quarter. Bank of New York Mellon Corp now owns 109,835 shares of the company’s stock valued at $542,000 after purchasing an additional 53,873 shares during the last quarter. Cambridge Investment Research Advisors Inc. bought a new stake in shares of FTC Solar in the 1st quarter worth approximately $52,000. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in shares of FTC Solar by 4.2% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 90,749 shares of the company’s stock worth $447,000 after buying an additional 3,652 shares during the last quarter. Institutional investors own 33.64% of the company’s stock.
Analysts Set New Price Targets
About FTC Solar
FTC Solar, Inc provides solar tracker systems, software, and engineering services in the United States and internationally. It offers two-panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides Pioneer, a one module-in-portrait solar tracker solution that allows for a pile count reduction per megawatt.
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