Insider Selling: Tucows Inc. (NASDAQ:TCX) CEO Sells $33,983.00 in Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 1,700 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The stock was sold at an average price of $19.99, for a total transaction of $33,983.00. Following the sale, the chief executive officer now owns 496,658 shares of the company’s stock, valued at approximately $9,928,193.42. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Elliot Noss also recently made the following trade(s):

• On Friday, September 27th, Elliot Noss sold 1,500 shares of Tucows stock. The shares were sold at an average price of $21.27, for a total transaction of $31,905.00.
• On Wednesday, September 25th, Elliot Noss sold 1,000 shares of Tucows stock. The shares were sold at an average price of $20.33, for a total transaction of $20,330.00.
• On Monday, September 23rd, Elliot Noss sold 400 shares of Tucows stock. The shares were sold at an average price of $21.43, for a total transaction of $8,572.00.
• On Thursday, September 19th, Elliot Noss sold 5,700 shares of Tucows stock. The shares were sold at an average price of $22.03, for a total transaction of $125,571.00.

Tucows Trading Down 0.3 %

Shares of Tucows stock opened at $19.76 on Friday. The company has a 50-day moving average of $21.91 and a two-hundred day moving average of $20.36. The stock has a market cap of $216.39 million, a PE ratio of -2.08 and a beta of 0.84. Tucows Inc. has a 12-month low of $15.65 and a 12-month high of $28.66. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 43.87.

Tucows (NASDAQ:TCX) (TSE:TC) last announced its quarterly earnings data on Thursday, August 8th. The information services provider reported ($1.70) EPS for the quarter. Tucows had a negative net margin of 26.01% and a negative return on equity of 490.14%. The business had revenue of $89.42 million during the quarter.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Tucows from a “sell” rating to a “hold” rating in a report on Monday, August 12th.

Institutional Investors Weigh In On Tucows

A number of large investors have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in shares of Tucows by 81.5% in the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock valued at $98,000 after buying an additional 2,371 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Tucows by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock worth $12,964,000 after buying an additional 4,234 shares during the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV lifted its holdings in shares of Tucows by 1.0% in the 4th quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 1,989,594 shares of the information services provider’s stock worth $53,719,000 after purchasing an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 73.64% of the company’s stock.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in three segments: Ting, Wavelo and Tucows Domains. The Ting segment provides fiber and fixed wireless internet services. The Wavelo segment offers individual developer tools, subscription, billing management, network orchestration, and provisioning services.