Theresa Yanofsky Sells 1,983 Shares of Canopy Growth Co. (NASDAQ:CGC) Stock

Canopy Growth Co. (NASDAQ:CGC) Director Theresa Yanofsky sold 1,983 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $6.41, for a total transaction of $12,711.03. Following the sale, the director now owns 26,186 shares of the company’s stock, valued at approximately $167,852.26. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Canopy Growth Stock Performance

Shares of NASDAQ:CGC opened at $6.49 on Thursday. The business’s 50 day moving average is $8.49 and its 200 day moving average is $6.36. Canopy Growth Co. has a 12-month low of $2.76 and a 12-month high of $19.20. The company has a quick ratio of 1.25, a current ratio of 1.58 and a debt-to-equity ratio of 0.99.

Canopy Growth (NASDAQ:CGC) last posted its quarterly earnings data on Thursday, May 30th. The company reported ($0.28) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.05. The firm had revenue of $53.99 million for the quarter, compared to the consensus estimate of $52.71 million. Canopy Growth had a negative net margin of 185.77% and a negative return on equity of 62.67%. As a group, equities analysts predict that Canopy Growth Co. will post -1.08 EPS for the current fiscal year.

Institutional Investors Weigh In On Canopy Growth

A number of institutional investors have recently added to or reduced their stakes in CGC. Genesee Capital Advisors LLC lifted its position in shares of Canopy Growth by 29.9% during the 1st quarter. Genesee Capital Advisors LLC now owns 13,047 shares of the company’s stock worth $113,000 after buying an additional 3,000 shares in the last quarter. PCG Wealth Advisors LLC increased its position in shares of Canopy Growth by 73.6% during the first quarter. PCG Wealth Advisors LLC now owns 31,363 shares of the company’s stock valued at $271,000 after acquiring an additional 13,300 shares during the last quarter. Concurrent Investment Advisors LLC bought a new stake in Canopy Growth during the first quarter worth $289,000. Gainplan LLC purchased a new position in Canopy Growth in the first quarter worth $302,000. Finally, B. Riley Wealth Advisors Inc. bought a new position in Canopy Growth in the 1st quarter valued at $475,000. 3.33% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Atb Cap Markets raised shares of Canopy Growth to a “hold” rating in a research report on Monday, June 17th.

Canopy Growth Company Profile

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.