Tesla, Inc. (NASDAQ:TSLA) Director Robyn M. Denholm Sells 93,705 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA) Director Robyn M. Denholm sold 93,705 shares of the firm’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total transaction of $17,322,306.30. Following the transaction, the director now directly owns 15,000 shares in the company, valued at $2,772,900. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Tesla Stock Performance

Shares of TSLA stock opened at $177.81 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.72 and a quick ratio of 1.17. The business has a fifty day moving average of $173.12 and a 200 day moving average of $204.32. The firm has a market capitalization of $567.07 billion, a price-to-earnings ratio of 45.36, a price-to-earnings-growth ratio of 4.74 and a beta of 2.41. Tesla, Inc. has a 1 year low of $138.80 and a 1 year high of $299.29.

Analysts Set New Price Targets

Several research firms have commented on TSLA. Oppenheimer restated a “market perform” rating on shares of Tesla in a report on Wednesday, April 24th. Piper Sandler reiterated an “overweight” rating and set a $205.00 target price on shares of Tesla in a report on Monday, April 22nd. China Renaissance began coverage on shares of Tesla in a research report on Monday, February 26th. They set a “hold” rating on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Tesla in a research report on Wednesday, April 24th. Finally, Daiwa Capital Markets lowered shares of Tesla from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $245.00 to $195.00 in a report on Tuesday, February 6th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $185.90.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of TSLA. Brown Advisory Inc. boosted its holdings in Tesla by 6.6% in the third quarter. Brown Advisory Inc. now owns 25,999 shares of the electric vehicle producer’s stock valued at $6,505,000 after purchasing an additional 1,604 shares during the last quarter. FORVIS Wealth Advisors LLC boosted its stake in shares of Tesla by 11.8% in the third quarter. FORVIS Wealth Advisors LLC now owns 5,920 shares of the electric vehicle producer’s stock worth $1,481,000 after buying an additional 625 shares during the last quarter. Cambridge Trust Co. grew its holdings in Tesla by 1.7% during the third quarter. Cambridge Trust Co. now owns 5,090 shares of the electric vehicle producer’s stock worth $1,274,000 after acquiring an additional 83 shares during the period. NBT Bank N A NY purchased a new position in Tesla during the third quarter valued at approximately $624,000. Finally, Chicago Partners Investment Group LLC boosted its position in Tesla by 9.1% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 9,752 shares of the electric vehicle producer’s stock worth $2,440,000 after purchasing an additional 817 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors.

Tesla Company Profile

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.