Daniel Ramot Sells 500,000 Shares of Via Renewables (NASDAQ:VIA) Stock

Key Points

• Daniel Ramot, CEO of Via Renewables, sold 500,000 shares of stock at an average price of $43.10, totaling approximately $21.55 million, which decreased his holdings by 17.16%.
• The company's stock price on Tuesday opened at $51.48, with a market cap of around $372.35 million and a P/E ratio of 12.81.
• Wall Street Zen has initiated coverage of Via Renewables, awarding the company a "hold" rating.

Via Renewables, Inc. (NASDAQ:VIA - Get Free Report) CEO Daniel Ramot sold 500,000 shares of the company's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $43.10, for a total value of $21,550,000.00. Following the transaction, the chief executive officer directly owned 2,414,053 shares in the company, valued at $104,045,684.30. The trade was a 17.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Via Renewables Stock Up 5.0%

Shares of NASDAQ:VIA traded up $2.39 during trading on Friday, reaching $50.55. 464,847 shares of the stock were exchanged, compared to its average volume of 917,525. The company has a quick ratio of 2.32, a current ratio of 2.34 and a debt-to-equity ratio of 1.64. Via Renewables, Inc. has a 1-year low of $43.50 and a 1-year high of $56.31.

Via Renewables Company Profile

Via Renewables, Inc, through its subsidiaries, operates as an independent retail energy services company in the United States. It operates through two segments, Retail Electricity and Retail Natural Gas. The Retail Electricity segment engages in the transmission and sale of electricity to residential and commercial customers.