Insider Selling: Tucows Inc. (NASDAQ:TCX) CEO Sells 5,700 Shares of Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 5,700 shares of the company’s stock in a transaction that occurred on Thursday, September 19th. The shares were sold at an average price of $22.03, for a total transaction of $125,571.00. Following the completion of the sale, the chief executive officer now owns 511,058 shares of the company’s stock, valued at approximately $11,258,607.74. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Tucows Trading Down 1.1 %

NASDAQ:TCX opened at $21.87 on Monday. The stock has a market cap of $239.50 million, a PE ratio of -2.30 and a beta of 0.85. Tucows Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $28.66. The company has a debt-to-equity ratio of 43.87, a current ratio of 0.93 and a quick ratio of 0.90. The stock’s 50-day moving average is $22.34 and its two-hundred day moving average is $20.22.

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

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bard Associates Inc. lifted its stake in Tucows by 5.2% in the fourth quarter. Bard Associates Inc. now owns 16,120 shares of the information services provider’s stock valued at $435,000 after acquiring an additional 800 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in Tucows by 81.5% in the first quarter. BNP Paribas Financial Markets now owns 5,281 shares of the information services provider’s stock worth $98,000 after purchasing an additional 2,371 shares in the last quarter. Vanguard Group Inc. increased its position in Tucows by 0.6% during the first 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 boosted its stake in shares of Tucows by 1.0% during 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 acquiring an additional 20,000 shares in the last quarter. Hedge funds and other institutional investors 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.