Periam Ltd. is Buying Enernoc Inc. (NASDAQ:ENOC) Shares

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In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Enernoc Inc. (NASDAQ:ENOC) reported that Periam Ltd. has picked up 1,880,061 of common stock as of 2017-06-30.

The acquisition brings the aggregate amount owned by Periam Ltd. to a total of 1,880,061 representing a 6.0% stake in the company.

For those not familiar with the company, EnerNOC, Inc. is a provider of energy intelligence software (EIS) and demand response solutions. The Company’s EIS provides enterprise solutions, utility solutions and energy procurement solutions. The Company’s EIS offers enterprise customers with a Software-as-a-Service (SaaS) solutions with various areas of functionalities, including energy cost visualization, budgets, forecasts and accruals; project tracking, and demand management. Its EIS provides its utility customers with a SaaS-based customer engagement platform, which collects and processes data and enables its utility customers to provide personalized communication and recommendations to their customers. Its EIS includes an energy procurement platform that helps its enterprise and utility customers. Its procurement platform offers its enterprise and utility customers with features, such as energy contracts management. Its technology includes over two components: its EIS platform and Network Operations Center (NOC).

A glance at Enernoc Inc. (NASDAQ:ENOC) key stats reveals a current market capitalization of $245.01 Million based on $31.21 Million shares outstanding and a price at last close of $7.75 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2012-06-15, Brewster picked up 4,000 at a purchase price of $6.16. This brings their total holding to 1,525,355 as of the date of the filing.

On the sell side, the most recent transaction saw Dixon unload 10,000 shares at a sale price of $12.51. This brings their total holding to 231,696.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an Enernoc Inc. (NASDAQ:ENOC) as things move forward to see if its progress aligns with these transactions.

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