Ahmad R. Chatila Purchases 16,740 Shares of FTC Solar, Inc. (NASDAQ:FTCI) Stock

FTC Solar, Inc. (NASDAQ:FTCI) Director Ahmad R. Chatila purchased 16,740 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was purchased at an average price of $2.93 per share, for a total transaction of $49,048.20. Following the acquisition, the director now owns 1,984,708 shares of the company’s stock, valued at approximately $5,815,194.44. This represents a 0.85 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

FTC Solar Stock Down 12.9 %

Shares of FTC Solar stock opened at $2.57 on Friday. The company has a market cap of $33.07 million, a PE ratio of -0.68 and a beta of 1.25. FTC Solar, Inc. has a 52 week low of $1.76 and a 52 week high of $7.40. The business has a 50 day moving average price of $3.13 and a 200-day moving average price of $4.13.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Roth Mkm increased their target price on FTC Solar from $0.50 to $3.00 and gave the stock a “neutral” rating in a report on Tuesday, April 1st. UBS Group dropped their price objective on shares of FTC Solar from $4.00 to $3.50 and set a “neutral” rating on the stock in a research note on Wednesday.

Institutional Investors Weigh In On FTC Solar

An institutional investor recently bought a new position in FTC Solar stock. XTX Topco Ltd bought a new position in FTC Solar, Inc. (NASDAQ:FTCI) in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 118,830 shares of the company’s stock, valued at approximately $81,000. XTX Topco Ltd owned approximately 0.09% of FTC Solar at the end of the most recent reporting period. 45.36% of the stock is owned by hedge funds and other institutional investors.

FTC Solar Company Profile

FTC Solar, Inc engages in the provision of solar tracker systems, software, and engineering services in the United States, Asia, Europe, the Middle East, North Africa, South Africa, and Australia. The company offers a self-powered, two-panel in-portrait, and single-axis tracker solution under the Voyager brand name; and a one module-in-portrait solar tracker solution under the Pioneer brand name.