FTC Solar, Inc. (NASDAQ:FTCI – Get Rating) major shareholder Arc Family Trust sold 92,000 shares of the business’s stock in a transaction that occurred on Monday, August 1st. The stock was traded at an average price of $4.97, for a total value of $457,240.00. Following the completion of the sale, the insider now owns 19,273,357 shares of the company’s stock, valued at approximately $95,788,584.29. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders who own more than 10% of a company’s shares are required to disclose their transactions to the SEC.

The Arc Family Trust has also recently made the following trade(s):

  • On Wednesday, July 27th, Arc Family Trust sold 64,000 shares of FTC Solar stock. The stock was traded at an average price of $4.10, for a total value of $262,400.00.
  • On Monday, July 25th, Arc Family Trust sold 60,000 shares of FTC Solar stock. The stock was traded at an average price of $4.01, for a total value of $240,600.00.
  • On Wednesday, July 20th, Arc Family Trust sold 84,000 shares of FTC Solar stock. The shares were traded at an average price of $4.20, for a total of $352,800.00.
  • On Monday, July 18th, Arc Family Trust sold 50,000 shares of FTC Solar stock. The shares were traded at an average price of $3.76, for a total value of $188,000.00.
  • On Wednesday, July 13th, Arc Family Trust sold 50,000 shares of FTC Solar stock. The shares were traded at an average price of $3.75, for a total of $187,500.00.
  • On Monday, July 11th, Arc Family Trust sold 50,000 shares of FTC Solar stock. The shares were traded at an average price of $3.81, for a total value of $190,500.00.
  • On Tuesday, July 5th, Arc Family Trust sold 60,000 shares of FTC Solar stock. The shares were traded at an average price of $3.84, for a total value of $230,400.00.
  • On Monday, June 27th, Arc Family Trust sold 99,000 shares of FTC Solar stock. The stock was traded at an average price of $4.31, for a total amount of $426,690.00.
  • On Monday, June 6th, Arc Family Trust sold 184,000 shares of FTC Solar stock. The stock was traded at an average price of $5.02, for a total value of $923,680.00.
  • On Thursday, June 2nd, Arc Family Trust sold 28,400 shares of FTC Solar stock. The stock was traded at an average price of $4.05, for a total value of $115,020.00.

FTC Solar Price Performance

Shares of NASDAQ:FTCI opened at $4.95 on Friday. The company has a market cap of $498.26 million, a P/E ratio of -3.39 and a beta of 3.32. FTC Solar, Inc. has a 1-year low of $2.12 and a 1-year high of $11.54. The stock’s fifty-day moving average price is $4.33 and its 200-day moving average price is $4.29.

FTC Solar (NASDAQ:FTCI – Get Rating) last posted its earnings results on Tuesday, May 10. The company reported ($0.25) earnings per share for the quarter, missing the consensus estimate. to analysts of ($0.14) to ($0.11). FTC Solar has a negative net margin of 51.28% and a negative return on equity of 54.97%. The company had revenue of $49.55 million for the quarter, compared to the consensus estimate of $57.00 million. During the same period last year, the company posted ($0.10) EPS. On average, sell-side analysts expect that FTC Solar, Inc. will post -0.75 earnings per share for the current year.

Analysts Set New Price Targets

FTCI has been the subject of several recent research reports. Raymond James decreased their price target on FTC Solar from $7.00 to $6.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, July 12th. Roth Capital raised FTC Solar from a “neutral” rating to a “buy” rating in a report on Monday, June 6th. Piper Sandler raised FTC Solar from an “underweight” rating to a “neutral” rating and boosted their target price for the stock from $2.00 to $3.50 in a report on Tuesday, July 19th. Cowen decreased their target price on FTC Solar from $10.00 to $6.00 in a report on Wednesday, May 11th. Finally, UBS Group boosted their target price on FTC Solar to $8.00 in a report on Wednesday, May 11th. Thursday, June 9. One research analyst has rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has assigned a hold rating. -on buy rating on the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.05.

Institutional Ebbs and Flows

Many institutional investors have recently bought and sold shares of the company. Raised by Invesco Ltd. its holdings in FTC Solar by 8.1% in the first quarter. Invesco Ltd. now owns 3,567,308 shares of the company’s stock worth $17,587,000 after acquiring an additional 267,307 shares during the period. Raised by BlackRock Inc. its holdings in FTC Solar by 67.7% in the first quarter. BlackRock Inc. now owns 2,164,042 shares of the company’s stock worth $10,670,000 after acquiring an additional 873,868 shares during the period. State Street Corp lifted its holdings in FTC Solar by 5.8% in the first quarter. State Street Corp now owns 1,845,243 shares of the company’s stock worth $9,097,000 after acquiring an additional 101,614 shares during the period. Cnctive Capital Management LP lifted its position in FTC Solar by 118.8% in the fourth quarter. Cictive Capital Management LP now owns 1,754,492 shares of the company’s stock worth $13,264,000 after buying an additional 952,493 shares during the last quarter. Finally, Vanguard Group Inc. raised. its position in FTC Solar by 59.9% in the first quarter. Vanguard Group Inc. now owns 1,389,309 shares of the company’s stock worth $6,850,000 after buying an additional 520,620 shares in the last quarter. Institutional investors own 20.41% of the company’s stock.

FTC Solar Company Profile

(Get Rating)

FTC Solar, Inc provides solar tracker systems, technology, software, and engineering services in the United States, Vietnam, and internationally. It offers two panel in-portrait single-axis tracker solutions under the Voyager brand name. The company also provides SunPath, a software solution to improve energy production; Atlas, a web-based enterprise level database that allows users to manage their project portfolio; and SunDAT, a software solution that enables the automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites.

Selected Stories

Insider Buying and Selling by Quarter for FTC Solar (NASDAQ:FTCI)



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