Insider Selling: Tucows Inc. (NASDAQ:TCX) CEO Sells 700 Shares of Stock

Tucows Inc. (NASDAQ:TCX - Get Free Report) TSE: TC CEO Elliot Noss sold 700 shares of Tucows stock in a transaction that occurred on Friday, July 11th. The stock was sold at an average price of $22.86, for a total transaction of $16,002.00. Following the completion of the sale, the chief executive officer directly owned 443,798 shares of the company's stock, valued at $10,145,222.28. The trade was a 0.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Elliot Noss also recently made the following trade(s):

• On Thursday, July 10th, Elliot Noss sold 2,000 shares of Tucows stock. The stock was sold at an average price of $21.87, for a total value of $43,740.00.
• On Wednesday, July 9th, Elliot Noss sold 500 shares of Tucows stock. The stock was sold at an average price of $21.21, for a total value of $10,605.00.
• On Tuesday, July 8th, Elliot Noss sold 2,500 shares of Tucows stock. The shares were sold at an average price of $20.81, for a total value of $52,025.00.
• On Monday, July 7th, Elliot Noss sold 2,600 shares of Tucows stock. The stock was sold at an average price of $20.51, for a total value of $53,326.00.
• On Wednesday, July 2nd, Elliot Noss sold 3,200 shares of Tucows stock. The shares were sold at an average price of $20.44, for a total value of $65,408.00.
• On Friday, May 9th, Elliot Noss sold 100 shares of Tucows stock. The shares were sold at an average price of $17.69, for a total transaction of $1,769.00.
• On Wednesday, May 7th, Elliot Noss sold 700 shares of Tucows stock. The stock was sold at an average price of $16.39, for a total transaction of $11,473.00.
• On Monday, May 5th, Elliot Noss sold 800 shares of Tucows stock. The shares were sold at an average price of $16.21, for a total transaction of $12,968.00.
• On Thursday, April 24th, Elliot Noss sold 500 shares of Tucows stock. The stock was sold at an average price of $17.06, for a total transaction of $8,530.00.
• On Tuesday, April 22nd, Elliot Noss sold 500 shares of Tucows stock. The shares were sold at an average price of $16.37, for a total transaction of $8,185.00.

Tucows Price Performance

TCX stock traded down $0.65 during trading on Monday, reaching $22.10. 39,833 shares of the stock traded hands, compared to its average volume of 36,038. The firm has a market capitalization of $244.36 million, a PE ratio of -2.40 and a beta of 0.83. The business's 50 day moving average price is $19.38 and its 200-day moving average price is $17.81. Tucows Inc. has a 52-week low of $13.27 and a 52-week high of $26.48.

Tucows (NASDAQ:TCX - Get Free Report) TSE: TC last released its quarterly earnings data on Thursday, May 8th. The information services provider reported ($1.37) earnings per share for the quarter. The firm had revenue of $94.61 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its position in shares of Tucows by 89.6% in the first quarter. Goldman Sachs Group Inc. now owns 37,119 shares of the information services provider's stock worth $627,000 after acquiring an additional 17,539 shares in the last quarter. Rhumbline Advisers lifted its holdings in shares of Tucows by 5.0% during the 1st quarter. Rhumbline Advisers now owns 11,840 shares of the information services provider's stock valued at $200,000 after acquiring an additional 563 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Tucows during the 1st quarter worth $80,000. Nuveen LLC acquired a new stake in Tucows in the 1st quarter valued at $432,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Tucows in the first quarter valued at about $510,000. 73.64% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen upgraded Tucows from a "sell" rating to a "hold" rating in a report on Tuesday, March 18th.

About Tucows

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in North America and Europe. It operates in 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.