Insider Selling: Tesla Inc (TSLA) CFO Sells 3,500 Shares of Stock

Tesla Inc (NASDAQ:TSLA) CFO Deepak Ahuja sold 3,500 shares of the company’s stock in a transaction on Thursday, November 15th. The shares were sold at an average price of $343.46, for a total value of $1,202,110.00. Following the completion of the sale, the chief financial officer now owns 27,965 shares of the company’s stock, valued at $9,604,858.90. The sale was disclosed in a filing with the SEC, which can be accessed through this link.

TSLA traded up $5.87 during mid-day trading on Friday, hitting $354.31. 7,003,216 shares of the stock were exchanged, compared to its average volume of 8,795,711. Tesla Inc has a 1-year low of $244.59 and a 1-year high of $387.46. The company has a current ratio of 0.81, a quick ratio of 0.47 and a debt-to-equity ratio of 1.82. The firm has a market cap of $58.17 billion, a price-to-earnings ratio of -30.86 and a beta of 0.48.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.77) by $4.67. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. The firm had revenue of $6.82 billion for the quarter, compared to analyst estimates of $5.67 billion. On average, research analysts forecast that Tesla Inc will post -5.09 earnings per share for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. B. Riley Wealth Management Inc. acquired a new position in Tesla during the 3rd quarter worth about $489,000. Banco de Sabadell S.A acquired a new position in Tesla during the 3rd quarter worth about $186,000. Koshinski Asset Management Inc. acquired a new position in Tesla during the 3rd quarter worth about $250,000. Captrust Financial Advisors lifted its stake in Tesla by 1,177.2% during the 3rd quarter. Captrust Financial Advisors now owns 3,193 shares of the electric vehicle producer’s stock worth $845,000 after acquiring an additional 2,943 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its stake in Tesla by 6.0% during the 3rd quarter. Macquarie Group Ltd. now owns 66,376 shares of the electric vehicle producer’s stock worth $17,575,000 after acquiring an additional 3,780 shares in the last quarter. 61.82% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have issued reports on TSLA shares. Zacks Investment Research upgraded Tesla from a “hold” rating to a “strong-buy” rating and set a $381.00 target price for the company in a report on Tuesday, October 30th. Nord/LB restated a “sell” rating and issued a $230.00 target price on shares of Tesla in a report on Tuesday, September 11th. Oppenheimer restated a “buy” rating and issued a $385.00 target price on shares of Tesla in a report on Monday, October 1st. Sanford C. Bernstein set a $325.00 target price on Tesla and gave the company a “neutral” rating in a report on Friday, September 28th. Finally, Macquarie initiated coverage on Tesla in a research note on Monday, October 8th. They issued an “outperform” rating and a $430.00 price target on the stock. Thirteen analysts have rated the stock with a sell rating, fourteen have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $318.58.

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Tesla Company Profile

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

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