FTC Solar, Inc. (NASDAQ:FTCI) Shares Sold by Northern Trust Corp

Northern Trust Corp cut its stake in FTC Solar, Inc. (NASDAQ:FTCI - Free Report) by 90.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 11,974 shares of the company's stock after selling 112,110 shares during the quarter. Northern Trust Corp owned approximately 0.09% of FTC Solar worth $66,000 at the end of the most recent reporting period.

Insiders Place Their Bets

In related news, Director Ahmad R. Chatila acquired 16,740 shares of the stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of $2.93 per share, with a total value of $49,048.20. Following the completion of the purchase, 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 acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 24.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently commented on FTCI shares. Roth Capital set a $3.00 price objective on FTC Solar in a research report on Tuesday, April 1st. HC Wainwright boosted their price objective on FTC Solar from $1.50 to $5.00 and gave the company a "buy" rating in a research report on Tuesday, April 8th. UBS Group cut their price objective on FTC Solar from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Finally, Roth Mkm boosted their price objective on FTC Solar from $3.00 to $3.50 and gave the company a "neutral" rating in a research report on Friday, May 2nd.

FTC Solar Trading Up 4.1%

NASDAQ FTCI traded up $0.17 on Friday, reaching $4.30. 48,380 shares of the company were exchanged, compared to its average volume of 267,312. The business's fifty day moving average price is $3.31 and its 200 day moving average price is $3.49. The stock has a market capitalization of $56.26 million, a P/E ratio of -1.13 and a beta of 1.35. FTC Solar, Inc. has a fifty-two week low of $1.76 and a fifty-two week high of $7.40.

About FTC Solar

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.