Energy Recovery, Inc. (NASDAQ:ERII) CTO Farshad Ghasripoor Sells 1,118 Shares of Stock

Energy Recovery, Inc. (NASDAQ:ERIIGet Free Report) CTO Farshad Ghasripoor sold 1,118 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $14.89, for a total value of $16,647.02. Following the sale, the chief technology officer now owns 141,566 shares of the company’s stock, valued at approximately $2,107,917.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Farshad Ghasripoor also recently made the following trade(s):

  • On Tuesday, January 30th, Farshad Ghasripoor sold 891 shares of Energy Recovery stock. The shares were sold at an average price of $15.91, for a total value of $14,175.81.

Energy Recovery Stock Performance

ERII opened at $15.16 on Thursday. Energy Recovery, Inc. has a one year low of $14.04 and a one year high of $30.76. The stock has a market capitalization of $856.84 million, a PE ratio of 56.15 and a beta of 1.29. The business’s 50 day moving average price is $17.61 and its 200 day moving average price is $20.83.

Institutional Trading of Energy Recovery

Large investors have recently modified their holdings of the stock. Millburn Ridgefield Corp purchased a new position in Energy Recovery in the third quarter valued at $29,000. Catalyst Capital Advisors LLC purchased a new position in Energy Recovery in the third quarter valued at $29,000. Tower Research Capital LLC TRC increased its holdings in Energy Recovery by 79.0% in the first quarter. Tower Research Capital LLC TRC now owns 1,264 shares of the industrial products company’s stock valued at $29,000 after buying an additional 558 shares during the last quarter. Clear Street Markets LLC purchased a new position in Energy Recovery in the third quarter valued at $33,000. Finally, Fifth Third Bancorp acquired a new position in Energy Recovery in the second quarter valued at $46,000. Hedge funds and other institutional investors own 79.49% of the company’s stock.

Analyst Ratings Changes

Separately, Raymond James cut their price target on Energy Recovery from $30.00 to $20.00 and set an “outperform” rating on the stock in a research report on Thursday, November 2nd.

Get Our Latest Analysis on Energy Recovery

About Energy Recovery

(Get Free Report)

Energy Recovery, Inc, together with its subsidiaries, designs, manufactures, and sells various solutions for the seawater reverse osmosis desalination and industrial wastewater treatment industries worldwide. The company operates through Water and Emerging Technologies segments. It offers a suite of products, including energy recovery devices, and high-pressure feed and recirculation pumps; hydraulic turbochargers and boosters; and spare parts, as well as repair, field, and commissioning services.

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