Proterra (NASDAQ:PTRA) Reaches New 52-Week Low at $2.43

Proterra Inc. (NASDAQ:PTRA – Get Rating) reached a new 52-week low during mid-day trading on Monday . The company traded as low as $2.43 and last traded at $2.60, with a volume of 607807 shares. The stock had previously closed at $2.70.

Proterra Price Performance

The firm has a market capitalization 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. The company’s 50 day moving average price is $4.37 and its 200 day moving average price is $5.00.

Insiders Place Their Bets

In other news, CEO Gareth T. Joyce sold 22,534 shares of the stock in a transaction dated Monday, January 23rd. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Proterra news, CFO Karina F. Padilla sold 9,574 shares of Proterra stock in a transaction that occurred on Thursday, January 26th. The shares were sold at an average price of $4.87, for a total transaction 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 hyperlink. Also, CEO Gareth T. Joyce sold 22,534 shares of the company’s stock in a transaction on Monday, January 23rd. The shares were sold at an average price of $5.01, for a total transaction of $112,895.34. Following the completion of the sale, the chief executive officer now directly owns 355,272 shares in the company, valued at $1,779,912.72. The disclosure for this sale can be found here. 3.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. New York State Common Retirement Fund grew its position in Proterra by 1.3% during the 3rd quarter. New York State Common Retirement Fund now owns 155,328 shares of the company’s stock worth $774,000 after purchasing an additional 1,928 shares during the period. Legal & General Group Plc grew its holdings in Proterra by 3.1% during the fourth quarter. Legal & General Group Plc now owns 70,493 shares of the company’s stock worth $266,000 after acquiring an additional 2,089 shares during the period. FourThought Financial LLC raised its position in Proterra by 21.1% during the third quarter. FourThought Financial LLC now owns 12,408 shares of the company’s stock valued at $62,000 after acquiring an additional 2,164 shares in the last quarter. Arizona State Retirement System boosted its position in Proterra by 4.8% in the 4th quarter. Arizona State Retirement System now owns 50,814 shares of the company’s stock worth $192,000 after purchasing an additional 2,334 shares in the last quarter. Finally, PFS Investments Inc. grew its stake in shares of Proterra by 18.0% during the 2nd quarter. PFS Investments Inc. now owns 16,575 shares of the company’s stock worth $77,000 after purchasing an additional 2,528 shares during the period. 60.04% of the stock is currently owned by institutional investors and hedge funds.

About Proterra

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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.