Elliot Noss Sells 1,500 Shares of Tucows Inc. (TCX) Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 1,500 shares of the stock in a transaction that occurred on Thursday, January 10th. The shares were sold at an average price of $62.75, for a total transaction of $94,125.00. Following the completion of the sale, the chief executive officer now directly owns 555,260 shares in the company, valued at $34,842,565. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

  • On Thursday, November 8th, Elliot Noss sold 1,500 shares of Tucows stock. The shares were sold at an average price of $54.63, for a total transaction of $81,945.00.

Shares of Tucows stock traded up $0.50 during trading hours on Friday, hitting $63.90. The company had a trading volume of 56,012 shares, compared to its average volume of 58,888. Tucows Inc. has a twelve month low of $49.69 and a twelve month high of $66.65. The company has a current ratio of 0.80, a quick ratio of 0.79 and a debt-to-equity ratio of 0.62. The stock has a market cap of $670.82 million, a price-to-earnings ratio of 37.84 and a beta of 0.72.

Tucows (NASDAQ:TCX) (TSE:TC) last issued its earnings results on Wednesday, November 7th. The information services provider reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.31 by $0.19. Tucows had a net margin of 6.81% and a return on equity of 26.78%. The business had revenue of $83.52 million during the quarter, compared to analysts’ expectations of $79.00 million. During the same quarter in the prior year, the business posted $0.33 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis.

Separately, BidaskClub upgraded shares of Tucows from a “sell” rating to a “hold” rating in a report on Thursday, December 27th.

Several institutional investors have recently modified their holdings of the company. BlueMountain Capital Management LLC boosted its stake in Tucows by 344.0% during the 3rd quarter. BlueMountain Capital Management LLC now owns 2,575 shares of the information services provider’s stock worth $144,000 after purchasing an additional 1,995 shares during the period. CLARET ASSET MANAGEMENT Corp boosted its stake in Tucows by 39.1% during the 3rd quarter. CLARET ASSET MANAGEMENT Corp now owns 5,006 shares of the information services provider’s stock worth $279,000 after purchasing an additional 1,408 shares during the period. AQR Capital Management LLC boosted its stake in Tucows by 57.5% during the 3rd quarter. AQR Capital Management LLC now owns 6,595 shares of the information services provider’s stock worth $368,000 after purchasing an additional 2,409 shares during the period. MetLife Investment Advisors LLC boosted its stake in Tucows by 55.6% during the 3rd quarter. MetLife Investment Advisors LLC now owns 6,809 shares of the information services provider’s stock worth $380,000 after purchasing an additional 2,433 shares during the period. Finally, Paloma Partners Management Co acquired a new stake in Tucows during the 3rd quarter worth $443,000. Institutional investors and hedge funds own 54.60% of the company’s stock.

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Tucows Company Profile

Tucows Inc provides network access, domain name registration, email, mobile telephony, and other Internet services in Canada, the United States, and Germany. It operates in two segments, Network Access Services and Domain Services. The Network Access Services segment offers mobile and fixed high-speed Internet access services, and Internet hosting and network consulting services.

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