Tucows Inc. (NASDAQ:TCX) Director Rawleigh Hazen Iv Ralls sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $29.34, for a total transaction of $733,500.00. Following the completion of the sale, the director now owns 232,142 shares of the company’s stock, valued at approximately $6,811,046.28. The sale was disclosed in a filing with the SEC, which is accessible through this link.
Rawleigh Hazen Iv Ralls also recently made the following trade(s):
- On Tuesday, September 6th, Rawleigh Hazen Iv Ralls sold 50,000 shares of Tucows stock. The shares were sold at an average price of $27.46, for a total transaction of $1,373,000.00.
Shares of Tucows Inc. (NASDAQ:TCX) opened at 31.19 on Wednesday. The firm has a 50-day moving average of $27.73 and a 200-day moving average of $25.46. The stock has a market cap of $325.12 million, a P/E ratio of 23.16 and a beta of 0.95. Tucows Inc. has a 52-week low of $17.67 and a 52-week high of $32.03.
Tucows (NASDAQ:TCX) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of $0.35 by $0.04. Tucows had a net margin of 8.08% and a return on equity of 52.28%. The company earned $47.50 million during the quarter, compared to analysts’ expectations of $48.90 million. During the same quarter in the previous year, the company earned $0.21 EPS. Tucows’s revenue was up 10.7% on a year-over-year basis. On average, equities analysts expect that Tucows Inc. will post $1.53 EPS for the current fiscal year.
Large investors have recently modified their holdings of the company. Van Berkom & Associates Inc. acquired a new stake in shares of Tucows during the second quarter valued at approximately $142,000. Royal Bank of Canada boosted its stake in shares of Tucows by 8,653.2% in the first quarter. Royal Bank of Canada now owns 6,915 shares of the company’s stock valued at $155,000 after buying an additional 6,836 shares in the last quarter. Finally, Investmentaktiengesellschaft Fuer Langfristige Investoren TGV acquired a new stake in shares of Tucows during the second quarter valued at approximately $463,000. Institutional investors own 19.97% of the company’s stock.
Several equities research analysts recently commented on TCX shares. Zacks Investment Research downgraded shares of Tucows from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 11th. Cantor Fitzgerald reiterated a “buy” rating and issued a $36.00 target price on shares of Tucows in a research report on Friday, August 26th.
Tucows Company Profile
Tucows Inc is engaged in providing Internet services. The Company’s segments include Domain Services and Network Access Services. The Domain Services segment has over three service offerings, being wholesale and retail domain name registration services, value added services and portfolio. The Network Access Services segment includes mobile services and other services.
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