Insider Selling: Tesla Inc (TSLA) Director Sells 2,191 Shares of Stock

Tesla Inc (NASDAQ:TSLA) Director Kimbal Musk sold 2,191 shares of the stock in a transaction that occurred on Tuesday, April 11th. The stock was sold at an average price of $312.11, for a total value of $683,833.01. Following the completion of the sale, the director now owns 166,640 shares of the company’s stock, valued at approximately $52,010,010.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Kimbal Musk also recently made the following trade(s):

  • On Monday, April 3rd, Kimbal Musk sold 2,500 shares of Tesla stock. The stock was sold at an average price of $286.28, for a total value of $715,700.00.

Shares of Tesla Inc (NASDAQ:TSLA) traded up 2.41% during mid-day trading on Thursday, hitting $304.00. The company had a trading volume of 9,284,634 shares. Tesla Inc has a 1-year low of $178.19 and a 1-year high of $313.73. The company’s market capitalization is $49.15 billion. The company has a 50-day moving average price of $268.53 and a 200-day moving average price of $229.50. Tesla also saw unusually large options trading on Monday. Traders acquired 22,526 call options on the company. This represents an increase of approximately 100% compared to the average daily volume of 11,260 call options.

Tesla (NASDAQ:TSLA) last posted its earnings results on Wednesday, February 22nd. The electric vehicle producer reported ($0.69) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.43) by $0.26. The company had revenue of $2.29 billion for the quarter, compared to analysts’ expectations of $2.21 billion. Tesla had a negative return on equity of 29.17% and a negative net margin of 14.74%. The firm’s quarterly revenue was up 88.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.87) EPS. On average, equities analysts anticipate that Tesla Inc will post ($1.63) EPS for the current year.

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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A number of hedge funds have recently bought and sold shares of TSLA. Green Square Capital LLC raised its stake in Tesla by 0.8% in the third quarter. Green Square Capital LLC now owns 1,296 shares of the electric vehicle producer’s stock worth $264,000 after buying an additional 10 shares in the last quarter. Horizon Kinetics LLC raised its stake in shares of Tesla by 0.8% in the fourth quarter. Horizon Kinetics LLC now owns 2,015 shares of the electric vehicle producer’s stock valued at $431,000 after buying an additional 16 shares in the last quarter. Coldstream Capital Management Inc. raised its stake in shares of Tesla by 1.4% in the fourth quarter. Coldstream Capital Management Inc. now owns 1,268 shares of the electric vehicle producer’s stock valued at $271,000 after buying an additional 18 shares in the last quarter. Rehmann Capital Advisory Group raised its stake in shares of Tesla by 1.6% in the third quarter. Rehmann Capital Advisory Group now owns 1,184 shares of the electric vehicle producer’s stock valued at $242,000 after buying an additional 19 shares in the last quarter. Finally, Linscomb & Williams Inc. raised its stake in shares of Tesla by 0.4% in the fourth quarter. Linscomb & Williams Inc. now owns 6,567 shares of the electric vehicle producer’s stock valued at $1,403,000 after buying an additional 27 shares in the last quarter. Institutional investors own 57.29% of the company’s stock.

Several equities research analysts have weighed in on TSLA shares. Goldman Sachs Group Inc reiterated a “sell” rating and issued a $187.00 price objective (up previously from $185.00) on shares of Tesla in a report on Friday, March 17th. Vetr cut Tesla from a “hold” rating to a “sell” rating and set a $244.13 price objective for the company. in a report on Tuesday, March 14th. Morgan Stanley reiterated an “overweight” rating and issued a $305.00 price objective on shares of Tesla in a report on Wednesday, March 8th. Robert W. Baird reiterated an “outperform” rating and issued a $368.00 price objective (up previously from $292.00) on shares of Tesla in a report on Tuesday, March 28th. Finally, Sanford C. Bernstein started coverage on Tesla in a report on Wednesday, March 8th. They issued a “market perform” rating and a $250.00 price objective for the company. Eight investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $266.42.

About Tesla

Tesla, Inc, formerly Tesla Motors, Inc, designs, develops, manufactures and sells fully electric vehicles, and energy storage systems, as well as installs, operates and maintains solar and energy storage products. The Company operates through two segments: automotive, and energy generation and storage.

5 Day Chart for NASDAQ:TSLA

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