FTC Solar, Inc. (NASDAQ:FTCI – Get Rating) CEO Sean Hunkler sold 6,380 shares of FTC Solar stock in a transaction on Friday, January 13th. The stock was sold at an average price of $2.72, for a total transaction of $17,353.60. Following the sale, the chief executive officer now directly owns 597,758 shares in the company, valued at approximately $1,625,901.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Sean Hunkler also recently made the following trade(s):

• On Thursday, January 5th, Sean Hunkler sold 53,300 shares of FTC Solar stock. The stock was sold at an average price of $2.57, for a total transaction of $136,981.00.
• On Tuesday, December 6th, Sean Hunkler sold 89,384 shares of FTC Solar stock. The stock was sold at an average price of $2.26, for a total transaction of $202,007.84.

FTC Solar Stock Performance

FTCI opened at $2.91 on Friday. The company has a 50-day moving average of $2.48 and a 200-day moving average of $3.21. The company has a market capitalization of $300.56 million, a P/E ratio of -2.80 and a beta of 1.96. FTC Solar, Inc. has a 1-year low of $1.78 and a 1-year high of $6.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Healthcare of Ontario Pension Plan Trust Fund boosted its holdings 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 valued at $447,000 after buying an additional 3,652 shares during the period. Amalgamated Bank acquired a new position in shares of FTC Solar in the 1st quarter valued at about $26,000. UBS Group AG boosted its holdings in shares of FTC Solar by 41.6% in the 3rd quarter. UBS Group AG now owns 18,462 shares of the company's stock valued at $55,000 after buying an additional 5,428 shares during the period. Raymond James & Associates boosted its holdings in shares of FTC Solar by 3.4% in the 3rd quarter. Raymond James & Associates now owns 212,169 shares of the company's stock valued at $628,000 after buying an additional 6,922 shares during the period. Finally, California State Teachers Retirement System boosted its holdings in shares of FTC Solar by 70.6% in the 1st quarter. California State Teachers Retirement System now owns 17,619 shares of the company's stock valued at $87,000 after buying an additional 7,293 shares during the period. 28.59% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on FTCI shares. Piper Sandler dropped their price target on shares of FTC Solar to $2.50 in a research note on Wednesday, November 16th. Raymond James dropped their price target on shares of FTC Solar from $6.00 to $5.00 and set a "strong-buy" rating on the stock in a research note on Thursday, November 10th. Credit Suisse Group dropped their price target on shares of FTC Solar to $6.00 in a research note on Wednesday, November 16th. Finally, Northland Securities dropped their target price on shares of FTC Solar to $4.00 in a research report on Tuesday, November 15th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, FTC Solar has a consensus rating of "Moderate Buy" and a consensus price target of $5.17.

FTC Solar Company Profile

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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 enhance energy production; Atlas, a web-based enterprise-level database that allows users to manage their project portfolio; and SunDAT, a software solution enables automated design and optimization of solar panel systems across residential, commercial, and utility-scale sites.

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