Tucows Inc. (NASDAQ:TCX) CEO Sells $95,375.25 in Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 5,175 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $18.43, for a total transaction of $95,375.25. Following the transaction, the chief executive officer now owns 516,758 shares in the company, valued at approximately $9,523,849.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Tucows Trading Up 1.4 %

NASDAQ TCX opened at $18.15 on Thursday. The company’s 50-day moving average price is $20.08 and its 200-day moving average price is $21.04. The company has a current ratio of 1.41, a quick ratio of 1.37 and a debt-to-equity ratio of 14.78. The stock has a market cap of $197.84 million, a PE ratio of -2.05 and a beta of 0.94. Tucows Inc. has a 12 month low of $15.65 and a 12 month high of $33.44.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Thursday, February 22nd. The information services provider reported ($2.14) EPS for the quarter. The company had revenue of $86.96 million during the quarter. Tucows had a negative return on equity of 157.83% and a negative net margin of 28.35%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Legal & General Group Plc grew its holdings in shares of Tucows by 10.1% in the second quarter. Legal & General Group Plc now owns 3,512 shares of the information services provider’s stock worth $156,000 after purchasing an additional 323 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Tucows by 1.6% in the fourth quarter. Goldman Sachs Group Inc. now owns 30,710 shares of the information services provider’s stock worth $829,000 after purchasing an additional 496 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Tucows by 9.9% in the fourth quarter. JPMorgan Chase & Co. now owns 6,042 shares of the information services provider’s stock worth $205,000 after purchasing an additional 544 shares during the last quarter. Alliancebernstein L.P. lifted its stake in Tucows by 9.6% in the fourth quarter. Alliancebernstein L.P. now owns 6,250 shares of the information services provider’s stock worth $212,000 after acquiring an additional 550 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Tucows by 36.5% in the third quarter. Harbor Capital Advisors Inc. now owns 2,152 shares of the information services provider’s stock worth $44,000 after acquiring an additional 576 shares during the period. 73.64% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Tucows from a “hold” rating to a “sell” rating in a research report on Saturday, March 30th.

Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Europe. It operates through 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.