Insider Selling: Tucows Inc. (NASDAQ:TCX) CEO Sells 1,000 Shares of Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $20.33, for a total transaction of $20,330.00. Following the completion of the transaction, the chief executive officer now owns 501,858 shares in the company, valued at approximately $10,202,773.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

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

• On Monday, September 23rd, Elliot Noss sold 400 shares of Tucows stock. The stock was 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 value of $125,571.00.

Tucows Price Performance

TCX opened at $21.00 on Friday. The company’s 50-day simple moving average is $22.22 and its two-hundred day simple moving average is $20.26. Tucows Inc. has a 52-week low of $15.65 and a 52-week high of $28.66. The stock has a market capitalization of $229.97 million, a P/E ratio of -2.21 and a beta of 0.85. The company has a debt-to-equity ratio of 43.87, a quick ratio of 0.90 and a current ratio of 0.93.

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

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Tucows

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Tucows by 0.6% in the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock valued at $12,964,000 after acquiring an additional 4,234 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Tucows by 81.5% during the 1st quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock valued at $98,000 after purchasing an additional 2,371 shares during the period. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV increased its position in shares of Tucows by 1.3% during the 1st quarter. Investmentaktiengesellschaft Fuer Langfristige Investoren TGV now owns 2,014,594 shares of the information services provider’s stock valued at $37,391,000 after purchasing an additional 25,000 shares during the last quarter. Finally, Bard Associates Inc. lifted its stake in shares of Tucows by 5.2% in the 4th quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock worth $435,000 after purchasing an additional 800 shares during the period. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

Tucows Company Profile

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.