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

Northern Trust Corp reduced its stake in shares of FTC Solar, Inc. (NASDAQ:FTCI - Free Report) by 90.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,974 shares of the company's stock after selling 112,110 shares during the period. Northern Trust Corp owned approximately 0.09% of FTC Solar worth $66,000 at the end of the most recent quarter.

Insider Buying and Selling at FTC Solar

In other FTC Solar news, Director Ahmad R. Chatila acquired 16,740 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of $2.93 per share, for a total transaction of $49,048.20. Following the completion of the transaction, the director now directly owns 1,984,708 shares of the company's stock, valued at $5,815,194.44. This represents a 0.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 24.90% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. HC Wainwright raised their price target on shares of FTC Solar from $1.50 to $5.00 and gave the stock a "buy" rating in a research report on Tuesday, April 8th. UBS Group decreased their target price on shares of FTC Solar from $4.00 to $3.50 and set a "neutral" rating for the company in a research report on Wednesday, April 2nd. Roth Mkm increased their price target on FTC Solar from $3.00 to $3.50 and gave the stock a "neutral" rating in a research report on Friday, May 2nd. Finally, Roth Capital set a $3.00 price objective on FTC Solar in a research note on Tuesday, April 1st.

FTC Solar Stock Up 4.1%

Shares of NASDAQ:FTCI traded up $0.17 during trading on Friday, hitting $4.30. 48,380 shares of the stock traded hands, compared to its average volume of 265,549. The company has a fifty day moving average price of $3.28 and a two-hundred day moving average price of $3.49. FTC Solar, Inc. has a 52-week low of $1.76 and a 52-week high of $7.40. The company has a market cap of $56.26 million, a price-to-earnings ratio of -1.13 and a beta of 1.35.

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.