Insider Buying: Tesla Inc (NASDAQ:TSLA) Director Acquires 360 Shares of Stock

Tesla Inc (NASDAQ:TSLA) Director Kathleen Wilson-Thompson bought 360 shares of Tesla stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $221.71 per share, with a total value of $79,815.60. Following the purchase, the director now directly owns 360 shares in the company, valued at $79,815.60. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Shares of NASDAQ:TSLA traded up $4.30 during trading on Friday, reaching $219.94. 5,200,354 shares of the company’s stock traded hands, compared to its average volume of 9,614,943. Tesla Inc has a fifty-two week low of $176.99 and a fifty-two week high of $379.49. The company has a quick ratio of 0.71, a current ratio of 1.06 and a debt-to-equity ratio of 1.71. The firm has a market cap of $42.09 billion, a PE ratio of -38.45 and a beta of 0.60. The company has a 50-day simple moving average of $237.03 and a 200-day simple moving average of $251.94.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, July 24th. The electric vehicle producer reported ($2.31) EPS for the quarter, missing the Zacks’ consensus estimate 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 business had revenue of $6.35 billion for the quarter, compared to analyst estimates of $6.44 billion. During the same quarter last year, the business earned ($3.06) earnings per share. Tesla’s revenue was up 58.7% on a year-over-year basis. On average, equities research analysts forecast that Tesla Inc will post -7.51 EPS for the current year.



Large investors have recently bought and sold shares of the company. Janus Henderson Group PLC grew its position in shares of Tesla by 89.0% during the 1st quarter. Janus Henderson Group PLC now owns 126,851 shares of the electric vehicle producer’s stock valued at $35,496,000 after acquiring an additional 59,736 shares during the period. Quantamental Technologies LLC acquired a new stake in shares of Tesla during the 1st quarter valued at about $92,000. Private Ocean LLC grew its position in shares of Tesla by 1,413.3% during the 1st quarter. Private Ocean LLC now owns 227 shares of the electric vehicle producer’s stock valued at $64,000 after acquiring an additional 212 shares during the period. Fort Point Capital Partners LLC boosted its holdings in Tesla by 8.1% in the 1st quarter. Fort Point Capital Partners LLC now owns 1,660 shares of the electric vehicle producer’s stock worth $465,000 after buying an additional 124 shares during the last quarter. Finally, Noven Financial Group Inc. acquired a new stake in Tesla in the 1st quarter worth about $245,000. Hedge funds and other institutional investors own 54.88% of the company’s stock.

A number of equities analysts recently issued reports on TSLA shares. Needham & Company LLC restated a “sell” rating on shares of Tesla in a research note on Sunday, July 7th. Jefferies Financial Group set a $300.00 target price on Tesla and gave the stock a “buy” rating in a research note on Friday, June 21st. Cfra lowered Tesla to a “sell” rating and set a $135.00 target price for the company. in a research note on Friday, July 26th. Canaccord Genuity reduced their target price on Tesla from $394.00 to $350.00 and set a “buy” rating for the company in a research note on Thursday, July 25th. Finally, Oppenheimer reduced their target price on Tesla from $437.00 to $356.00 and set an “outperform” rating for the company in a research note on Thursday, July 25th. Eighteen research analysts have rated the stock with a sell rating, ten have given a hold rating and thirteen have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target 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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