Atria Wealth Solutions Inc. Has $272,000 Stock Position in EVgo, Inc. (NYSE:EVGO)

Atria Wealth Solutions Inc. decreased its stake in EVgo, Inc. (NYSE:EVGO) by 79.3% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 67,108 shares of the company’s stock after selling 256,895 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in EVgo were worth $272,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its stake in EVgo by 25.3% in the 3rd quarter. State Street Corp now owns 4,192,828 shares of the company’s stock worth $17,358,000 after acquiring an additional 847,777 shares in the last quarter. HITE Hedge Asset Management LLC lifted its stake in EVgo by 105.0% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 413,906 shares of the company’s stock worth $1,714,000 after acquiring an additional 212,004 shares in the last quarter. Verition Fund Management LLC purchased a new stake in EVgo in the 3rd quarter worth about $653,000. Maven Securities LTD purchased a new stake in EVgo in the 3rd quarter worth about $497,000. Finally, Barclays PLC lifted its stake in EVgo by 280.6% in the 3rd quarter. Barclays PLC now owns 132,981 shares of the company’s stock worth $551,000 after acquiring an additional 98,041 shares in the last quarter. Institutional investors and hedge funds own 17.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. cut their price target on EVgo from $7.00 to $6.00 and set an “overweight” rating for the company in a research note on Wednesday, February 19th. UBS Group cut their price target on EVgo from $8.00 to $5.00 and set a “buy” rating for the company in a research note on Monday, January 27th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of EVgo in a research note on Thursday, January 16th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $6.11.

EVgo Stock Performance

Shares of EVGO stock opened at $2.65 on Friday. The stock’s 50 day simple moving average is $3.50 and its 200 day simple moving average is $4.92. EVgo, Inc. has a twelve month low of $1.65 and a twelve month high of $9.07. The company has a market capitalization of $803.35 million, a price-to-earnings ratio of -6.31 and a beta of 2.32.

Insider Activity at EVgo

In other EVgo news, Director David Nanus sold 23,000,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $5.00, for a total value of $115,000,000.00. Following the sale, the director now owns 5,882,352 shares of the company’s stock, valued at $29,411,760. This trade represents a 79.63 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, President Dennis G. Kish sold 44,184 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The shares were sold at an average price of $3.41, for a total value of $150,667.44. Following the completion of the sale, the president now directly owns 95,986 shares in the company, valued at $327,312.26. This trade represents a 31.52 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 23,061,563 shares of company stock valued at $115,225,745. Corporate insiders own 66.96% of the company’s stock.

EVgo Company Profile

EVgo, Inc owns and operates a direct current fast charging network for electric vehicles (EVs) in the United States. The company offers electricity directly to drivers, who access its publicly available networked chargers; original equipment manufacturer charging and related services; fleet and rideshare public charging services; and charging as a service and fleet dedicated charging services.