Robyn M. Denholm Sells 93,705 Shares of Tesla, Inc. (NASDAQ:TSLA) Stock

Tesla, Inc. (NASDAQ:TSLA - Get Free Report) Director Robyn M. Denholm sold 93,705 shares of the stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $184.86, for a total value of $17,322,306.30. Following the completion of the transaction, the director now owns 15,000 shares of the company's stock, valued at $2,772,900. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Tesla Price Performance

Shares of NASDAQ:TSLA traded down $6.95 during midday trading on Tuesday, hitting $177.81. 74,627,156 shares of the stock were exchanged, compared to its average volume of 104,115,875. Tesla, Inc. has a twelve month low of $138.80 and a twelve month high of $299.29. The company has a current ratio of 1.72, a quick ratio of 1.17 and a debt-to-equity ratio of 0.04. The company has a 50 day moving average price of $173.12 and a 200-day moving average price of $204.32. The stock has a market cap of $567.07 billion, a P/E ratio of 45.36, a PEG ratio of 4.74 and a beta of 2.41.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on TSLA shares. KGI Securities reiterated a "neutral" rating and issued a $213.00 price objective (down from $309.00) on shares of Tesla in a research note on Thursday, January 25th. Guggenheim restated a "sell" rating and issued a $122.00 price target on shares of Tesla in a research note on Tuesday, April 23rd. Citigroup raised their price target on Tesla from $180.00 to $182.00 and gave the company a "neutral" rating in a research note on Wednesday, April 24th. Canaccord Genuity Group cut their target price on Tesla from $267.00 to $234.00 and set a "buy" rating on the stock in a research report on Thursday, January 25th. Finally, UBS Group cut their target price on Tesla from $160.00 to $147.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 24th. Eight investment analysts have rated the stock with a sell rating, seventeen have given a hold rating and nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $185.90.

Institutional Trading of Tesla

Several institutional investors and hedge funds have recently modified their holdings of TSLA. Wyrmwood Management LLC purchased a new position in shares of Tesla during the fourth quarter valued at approximately $25,000. Lam Group Inc. acquired a new stake in shares of Tesla during the fourth quarter worth $25,000. Mendota Financial Group LLC boosted its holdings in shares of Tesla by 202.2% during the fourth quarter. Mendota Financial Group LLC now owns 136 shares of the electric vehicle producer's stock worth $34,000 after purchasing an additional 91 shares during the last quarter. OLD Point Trust & Financial Services N A acquired a new stake in Tesla in the 4th quarter worth about $37,000. Finally, Guardian Wealth Management Inc. purchased a new stake in Tesla in the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 66.20% of the company's stock.

About Tesla

Tesla, Inc designs, develops, manufactures, leases, and sells electric vehicles, and energy generation and storage systems in the United States, China, and internationally. The company operates in two segments, Automotive, and Energy Generation and Storage. The Automotive segment offers electric vehicles, as well as sells automotive regulatory credits; and non-warranty after-sales vehicle, used vehicles, body shop and parts, supercharging, retail merchandise, and vehicle insurance services.

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