D. E. Shaw & Co., Inc. Now Holds $16.39 million Worth Of Plug Power Inc. (PLUG)

Plug Power Inc. (NASDAQ:PLUG) went up to recover about 236.14% since recording its record low price of $0.84. The stock experienced -4.12% slump, arriving at $2.79 on Oct. 11, 2017. During the day, the stock price traveled from $2.76 to $2.93. This company shares are 5.02% off its target price of $2.93 and the current market capitalization stands at $616.92M. The recent change has given its price a 19.08% lead over SMA 50 and -9.12% deficit over its 52-week high. The stock witnessed 28.57% gains, 33.49% gains and 20.26% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found PLUG’s volatility during a week at 6.69% and during a month it has been found around 7.13%.

Plug Power Inc. (PLUG) Top Holders

Institutional investors currently hold around $156 million or 23.9% in PLUG stock. Look at its top three institutional owners. Blackrock Inc. owns $41.62 million in Plug Power Inc., which represents roughly 6.75% of the company’s market cap and approximately 26.68% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 10,432,461 shares of the stock are valued at $30.36 million. The third largest holder is D. E. Shaw & Co., Inc., which currently holds $16.39 million worth of this stock and that ownership represents nearly 2.66% of its market capitalization.

Plug Power Inc. 13F Filings

At the end of June reporting period, 83 institutional holders increased their position in Plug Power Inc. (NASDAQ:PLUG) by some 16,268,235 shares, 24 decreased positions by 1,474,130 and 31 held positions by 35,722,684. That puts total institutional holdings at 53,465,049 shares, according to SEC filings. The stock grabbed 30 new institutional investments totaling 1,303,798 shares while 6 institutional investors sold out their entire positions totaling 284,306 shares.

Plug Power Inc. (NASDAQ:PLUG) Insider Trades

Multiple company employees have indulged in significant insider trading. Plug Power Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that Director Air Liquide Investissements D’ has sold 4,855 shares of Plug Power Inc. (PLUG) in trading session dated Sep. 22, 2017. These shares are worth $11,652 and were traded at $2.4 each. The SEC filing shows that Mcnamee George C performed a purchase of 200,000 shares. The Director added these shares by way of transaction on Sep. 15, 2017. The company’s shares were assimilated at $2.2 per share worth to an investment of some $440,000 on account of Mcnamee George C.

Director, Air Liquide Investissements D’, sold 6,247 common shares of Plug Power Inc. (PLUG) in the open market. In a transaction dated Jun. 21, 2017, the shares were put up for sale at an average price of $2.24, raking in a sum of $13,993. After this sale, 39,324 common shares of PLUG are directly owned by the insider, with total stake valued at $109,714.

In the transaction dated Mar. 16, 2017, the great number of shares disposed came courtesy the Director; Air Liquide Investissements D’ disposed a total of 12,636 shares at an average price of $1.07, amounting to approximately $13,521. The insider now directly owns 39,324 shares worth $109,714.

Plug Power Inc. (PLUG) Analyst Guide

Several analysts have released their opinion on Plug Power Inc. (NASDAQ:PLUG), with 4 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 1 strong sell ratings, collectively assigning a 2 average brokerage recommendation.

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