Insider Selling: Tucows Inc. (NASDAQ:TCX) CEO Sells 1,500 Shares of Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 1,500 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $61.79, for a total value of $92,685.00. Following the sale, the chief executive officer now directly owns 555,161 shares of the company’s stock, valued at approximately $34,303,398.19. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of TCX opened at $64.78 on Thursday. Tucows Inc. has a 52-week low of $45.01 and a 52-week high of $90.21. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.86 and a current ratio of 0.89. The business’s 50 day moving average price is $60.40 and its two-hundred day moving average price is $55.36. The firm has a market cap of $682.81 million, a PE ratio of 40.74 and a beta of 1.16.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its quarterly earnings data on Wednesday, November 6th. The information services provider reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.06. The business had revenue of $88.13 million for the quarter, compared to analysts’ expectations of $87.80 million. Tucows had a return on equity of 16.67% and a net margin of 4.17%. Research analysts predict that Tucows Inc. will post 1.25 EPS for the current fiscal year.

A number of analysts have recently commented on TCX shares. ValuEngine raised Tucows from a “hold” rating to a “buy” rating in a research note on Tuesday, December 3rd. BidaskClub raised Tucows from a “hold” rating to a “buy” rating in a research note on Friday, December 27th. Finally, Zacks Investment Research raised Tucows from a “sell” rating to a “hold” rating in a research note on Friday, January 10th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Tucows has an average rating of “Buy” and an average target price of $100.00.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of Montreal Can increased its stake in Tucows by 840.4% in the 2nd quarter. Bank of Montreal Can now owns 2,097 shares of the information services provider’s stock worth $128,000 after acquiring an additional 1,874 shares during the last quarter. Royal Bank of Canada increased its position in shares of Tucows by 24.6% during the 2nd quarter. Royal Bank of Canada now owns 4,081 shares of the information services provider’s stock valued at $249,000 after purchasing an additional 806 shares during the last quarter. CLARET ASSET MANAGEMENT Corp increased its position in shares of Tucows by 7.8% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 6,432 shares of the information services provider’s stock valued at $348,000 after purchasing an additional 463 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Tucows by 156.8% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,961 shares of the information services provider’s stock valued at $354,000 after purchasing an additional 3,640 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Tucows by 8.5% during the 2nd quarter. Swiss National Bank now owns 17,800 shares of the information services provider’s stock valued at $1,086,000 after purchasing an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 56.59% of the company’s stock.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment engages in the provision of mobile services under the Ting Mobile name, including the sale of retail telephony services, mobile phone hardware, and related accessories.

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