Tesla Inc (NASDAQ:TSLA) CFO Sells $76,141.50 in Stock

Tesla Inc (NASDAQ:TSLA) CFO Zachary Kirkhorn sold 150 shares of the company’s stock in a transaction dated Friday, January 17th. The shares were sold at an average price of $507.61, for a total transaction of $76,141.50. Following the transaction, the chief financial officer now owns 10,844 shares in the company, valued at $5,504,522.84. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Zachary Kirkhorn also recently made the following trade(s):

  • On Tuesday, December 17th, Zachary Kirkhorn sold 150 shares of Tesla stock. The shares were sold at an average price of $378.99, for a total transaction of $56,848.50.
  • On Monday, November 18th, Zachary Kirkhorn sold 150 shares of Tesla stock. The shares were sold at an average price of $352.32, for a total transaction of $52,848.00.

Shares of TSLA stock opened at $547.20 on Wednesday. The company has a debt-to-equity ratio of 1.64, a current ratio of 1.08 and a quick ratio of 0.73. The company has a market capitalization of $92.02 billion, a P/E ratio of -112.82, a P/E/G ratio of 3.54 and a beta of 0.64. The company’s 50-day simple moving average is $425.39 and its two-hundred day simple moving average is $302.85. Tesla Inc has a one year low of $176.99 and a one year high of $547.41.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 23rd. The electric vehicle producer reported $1.86 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.42) by $2.28. Tesla had a negative net margin of 3.39% and a negative return on equity of 13.42%. The business had revenue of $6.30 billion for the quarter, compared to the consensus estimate of $6.48 billion. During the same period in the prior year, the firm earned $2.90 EPS. The company’s revenue for the quarter was down 7.6% compared to the same quarter last year. On average, research analysts expect that Tesla Inc will post -4.51 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. boosted its stake in shares of Tesla by 11.3% during the third quarter. Oppenheimer Asset Management Inc. now owns 1,711 shares of the electric vehicle producer’s stock valued at $412,000 after purchasing an additional 174 shares in the last quarter. Johanson Financial Advisors Inc. bought a new position in shares of Tesla during the fourth quarter valued at approximately $185,000. Oppenheimer & Co. Inc. boosted its stake in shares of Tesla by 35.2% during the third quarter. Oppenheimer & Co. Inc. now owns 9,793 shares of the electric vehicle producer’s stock valued at $2,358,000 after purchasing an additional 2,551 shares in the last quarter. Sunbelt Securities Inc. bought a new position in shares of Tesla during the third quarter valued at approximately $1,387,000. Finally, First Financial Bank Trust Division bought a new position in shares of Tesla during the fourth quarter valued at approximately $239,000. Hedge funds and other institutional investors own 52.61% of the company’s stock.

Several brokerages recently commented on TSLA. Credit Suisse Group upped their price target on shares of Tesla from $200.00 to $340.00 and gave the company an “underperform” rating in a report on Tuesday, January 7th. Needham & Company LLC reiterated an “underperform” rating on shares of Tesla in a report on Thursday, October 3rd. China Renaissance Securities downgraded shares of Tesla from a “buy” rating to a “hold” rating and set a $346.00 price target on the stock. in a report on Tuesday, November 26th. JMP Securities downgraded shares of Tesla from an “outperform” rating to a “market perform” rating and set a $232.00 price target on the stock. in a report on Thursday, October 3rd. Finally, Bank of America upped their price target on shares of Tesla from $225.00 to $235.00 and gave the company an “underperform” rating in a report on Thursday, October 24th. Nineteen research analysts have rated the stock with a sell rating, nine have assigned a hold rating and ten have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $344.41.

About Tesla

Tesla, Inc designs, develops, manufactures, and sells electric vehicles, and energy generation and storage systems in the United States, China, Netherlands, Norway, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers sedans and sport utility vehicles.

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