Tesla (NASDAQ: TSLA) Price Dropped 8.5% After Insider Selling


Tesla Inc (NASDAQ: TSLA) share prices have declined by 8.5% on Monday mid-day trading following a sell-off by an insider. The stock dropped to a $710.20 low and recovered to $714.50.

Zachary Kirkhorn, CRO, sold off 1,250 TSLA shares at $628.59 worth $785,737.50. Kathleen Wilson-Thompson, the Director, sold off 12,500 TSLA shares at $592.99 worth $7,412,375. Insiders own 23% of Tesla stock.

The firm has a current, quick, and leverage ratio of 1.63, 1.32, and 0.63 and its market cap is $685.82B. They have a ratio of 1,491.67 P/E, 8.81 PEG, and 2.18 beta. Their 50-day rolling average stands at $822.87 while 200 days is at $554.47.

According to their 27th January report, the company had a quarterly EPS of $0.80 that topped that $0.63 consensus estimate by almost $0.17. They had a 1.97$ net margin with a 4.93% equity return. They had $10.70B revenue that surpassed the $10.38B estimate. They are expected to post EPS earnings of 1.02 for this ongoing fiscal year.

Market Undertakings By TSLA Stock

Credit Suisse reassigned their rating for TSLA shares of ‘neutral’. Zacks upgraded the rating to ‘strong buy’ from ‘hold’ and gave a price objective of $747. Edward Jones assigned a rating of ‘hold’. Smith Barney raised it to $137 from $117. Jefferies Fin. Group reduced the rating to ‘hold’ form ‘buy’. The company has a consensus ‘hold’ rating with a $338.99 price objective.

Clearview Advisors purchased new holdings in Tesla stock and own $25,000 worth of shares. Horan Securities raised their stake by nearly 140%, owning shares priced at $26,000. Flagship Pvt Wealth bought a new position and own $26,000 worth of shares. Clear Investment acquired new shares and own $26,000 worth of shares. NewSquare Capital promoted their stake by approximately 220%, owning shares priced at $27,000. 41.39% of TSLA stock is owned by institutional investors.

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