Tesla Inc (NASDAQ:TSLA) CFO Zachary Kirkhorn Sells 150 Shares

Tesla Inc (NASDAQ:TSLA) CFO Zachary Kirkhorn sold 150 shares of Tesla stock in a transaction on Monday, August 19th. The stock was sold at an average price of $224.00, for a total transaction of $33,600.00. Following the completion of the transaction, the chief financial officer now directly owns 9,812 shares of the company’s stock, valued at $2,197,888. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.

Zachary Kirkhorn also recently made the following trade(s):

  • On Wednesday, July 17th, Zachary Kirkhorn sold 150 shares of Tesla stock. The stock was sold at an average price of $255.68, for a total transaction of $38,352.00.

TSLA traded up $0.93 on Thursday, reaching $221.76. 299,365 shares of the company traded hands, compared to its average volume of 7,694,292. Tesla Inc has a one year low of $176.99 and a one year high of $379.49. The firm has a fifty day simple moving average of $236.82 and a two-hundred day simple moving average of $250.62. The company has a market cap of $40.63 billion, a P/E ratio of -38.88 and a beta of 0.60. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 1.71.

Tesla (NASDAQ:TSLA) last announced its quarterly earnings data on Wednesday, July 24th. The electric vehicle producer reported ($2.31) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.55) by ($0.76). Tesla had a negative net margin of 2.64% and a negative return on equity of 11.42%. The company had revenue of $6.35 billion for the quarter, compared to the consensus estimate of $6.44 billion. During the same quarter in the previous year, the business earned ($3.06) EPS. The company’s quarterly revenue was up 58.7% compared to the same quarter last year. On average, equities analysts forecast that Tesla Inc will post -7.51 earnings per share for the current year.

Large investors have recently bought and sold shares of the company. Mackey Komara & Dankovich LLC raised its holdings in shares of Tesla by 493.3% in the 1st quarter. Mackey Komara & Dankovich LLC now owns 89 shares of the electric vehicle producer’s stock valued at $25,000 after purchasing an additional 74 shares in the last quarter. Mizuho Securities Co. Ltd. purchased a new position in shares of Tesla in the 1st quarter worth approximately $28,000. Clarus Wealth Advisors grew its position in shares of Tesla by 83.3% in the 2nd quarter. Clarus Wealth Advisors now owns 110 shares of the electric vehicle producer’s stock worth $25,000 after buying an additional 50 shares during the last quarter. Smart Portfolios LLC purchased a new position in shares of Tesla in the 1st quarter worth approximately $34,000. Finally, Harvest Group Wealth Management LLC purchased a new position in shares of Tesla in the 1st quarter worth approximately $34,000. Institutional investors and hedge funds own 54.40% of the company’s stock.

A number of brokerages have commented on TSLA. Royal Bank of Canada reissued a “sell” rating and issued a $190.00 price objective on shares of Tesla in a research note on Thursday, July 25th. Piper Jaffray Companies reissued an “overweight” rating and issued a $396.00 price objective on shares of Tesla in a research note on Friday, June 7th. Bank of America set a $225.00 price objective on shares of Tesla and gave the stock a “sell” rating in a research note on Wednesday, July 3rd. Evercore ISI dropped their price objective on shares of Tesla from $240.00 to $200.00 and set an “underperform” rating for the company in a research note on Wednesday, May 15th. They noted that the move was a valuation call. Finally, Goldman Sachs Group reissued a “sell” rating and issued a $158.00 price objective on shares of Tesla in a research note on Thursday, July 25th. Eighteen investment analysts have rated the stock with a sell rating, ten have issued a hold rating and twelve have given a buy rating to the stock. Tesla currently has an average rating of “Hold” and an average target price of $269.53.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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