First Trust Advisors LP Has $7.48 Million Position in Proterra Inc. (NASDAQ:PTRA)

First Trust Advisors LP lowered its position in Proterra Inc. (NASDAQ:PTRA – Get Rating) by 5.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,502,023 shares of the company’s stock after selling 80,720 shares during the quarter. First Trust Advisors LP’s holdings in Proterra were worth $7,480,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. New York State Common Retirement Fund increased its stake in shares of Proterra by 1.3% in the third quarter. New York State Common Retirement Fund now owns 155,328 shares of the company’s stock valued at $774,000 after buying an additional 1,928 shares during the period. PFS Investments Inc. increased its position in Proterra by 18.0% during the 2nd quarter. PFS Investments Inc. now owns 16,575 shares of the company’s stock valued at $77,000 after purchasing an additional 2,528 shares during the period. Exchange Traded Concepts LLC increased its position in Proterra by 36.3% during the 3rd quarter. Exchange Traded Concepts LLC now owns 10,853 shares of the company’s stock valued at $54,000 after purchasing an additional 2,892 shares during the period. KBC Group NV increased its position in Proterra by 8.3% during the 3rd quarter. KBC Group NV now owns 43,625 shares of the company’s stock valued at $217,000 after purchasing an additional 3,361 shares during the period. Finally, Credit Suisse AG increased its position in Proterra by 2.5% during the 3rd quarter. Credit Suisse AG now owns 146,900 shares of the company’s stock valued at $731,000 after purchasing an additional 3,651 shares during the period. Institutional investors and hedge funds own 60.04% of the company’s stock.

Proterra Stock Performance

Shares of PTRA stock opened at $2.70 on Tuesday. The firm has a 50 day moving average of $4.39 and a 200-day moving average of $5.03. The company has a market cap of $608.85 million, a price-to-earnings ratio of -1.60 and a beta of 1.18. The company has a quick ratio of 4.87, a current ratio of 6.32 and a debt-to-equity ratio of 0.20. Proterra Inc. has a 52 week low of $2.43 and a 52 week high of $8.02.

Insider Buying and Selling at Proterra

In other news, CFO Karina F. Padilla sold 9,574 shares of the firm’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $4.87, for a total value of $46,625.38. Following the completion of the sale, the chief financial officer now directly owns 220,773 shares in the company, valued at approximately $1,075,164.51. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Proterra news, CEO Gareth T. Joyce sold 22,534 shares of the firm’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $5.01, for a total value of $112,895.34. Following the transaction, the chief executive officer now directly owns 355,272 shares of the company’s stock, valued at $1,779,912.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Karina F. Padilla sold 9,574 shares of the business’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $4.87, for a total transaction of $46,625.38. Following the sale, the chief financial officer now directly owns 220,773 shares of the company’s stock, valued at $1,075,164.51. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Proterra Profile

(Get Rating)

Proterra Inc provides commercial vehicles in the United States, the European Union, Canada, Australia, and Japan. It operates through Proterra Powered and Energy and Proterra Transit business units. The Proterra Powered and Energy business unit designs, develops, manufactures, sells, and integrates battery systems and electrification solutions into vehicles for commercial vehicle OEM customers serving delivery trucks, school buses, coach buses, construction and mining equipment, and other applications.