Farshad Ghasripoor Sells 1,118 Shares of Energy Recovery, Inc. (NASDAQ:ERII) 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 transaction, the chief technology officer now directly owns 141,566 shares in the company, valued at approximately $2,107,917.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 stock was sold at an average price of $15.91, for a total transaction of $14,175.81.

Energy Recovery Price Performance

ERII opened at $15.30 on Friday. The stock’s 50 day simple moving average is $17.53 and its 200 day simple moving average is $20.80. The stock has a market cap of $864.76 million, a P/E ratio of 56.67 and a beta of 1.29. Energy Recovery, Inc. has a 1-year low of $14.04 and a 1-year high of $30.76.

Analyst Upgrades and Downgrades

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

View Our Latest Report on ERII

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Millburn Ridgefield Corp acquired a new stake in Energy Recovery in the 3rd quarter valued at about $29,000. Catalyst Capital Advisors LLC purchased a new position in shares of Energy Recovery during the 3rd quarter worth approximately $29,000. Tower Research Capital LLC TRC raised its position in shares of Energy Recovery by 79.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,264 shares of the industrial products company’s stock worth $29,000 after purchasing an additional 558 shares during the last quarter. Clear Street Markets LLC purchased a new stake in Energy Recovery in the 3rd quarter valued at approximately $33,000. Finally, Fifth Third Bancorp acquired a new stake in Energy Recovery during the 2nd quarter valued at $46,000. Hedge funds and other institutional investors own 79.49% of the company’s stock.

Energy Recovery Company Profile

(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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Insider Buying and Selling by Quarter for Energy Recovery (NASDAQ:ERII)

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