Tesla, Inc. (NASDAQ:TSLA) recently witnessed insider selling as Senior Vice President Andrew D. Baglino sold 10,500 shares of the company’s stock. The transaction, which took place on April 1st, saw the shares being sold at an average price of $176.20, amounting to a total transaction of $1,850,100.00. Following this sale, Baglino now holds 31,230 shares of Tesla stock, valued at $5,502,726.
As of Friday, NASDAQ TSLA opened at $171.11, with a 52-week low of $152.37 and a 52-week high of $299.29. The company has a market capitalization of $544.95 billion, a PE ratio of 39.70, a P/E/G ratio of 3.13, and a beta of 2.39. Additionally, Tesla has a quick ratio of 1.25, a current ratio of 1.73, and a debt-to-equity ratio of 0.05.
In its last quarterly earnings report, Tesla reported $0.71 earnings per share, falling short of the consensus estimate of $0.74. The company’s net margin was 15.50%, with a return on equity of 16.62%. Tesla’s quarterly revenue was $25.17 billion, slightly below analysts’ expectations.
Institutional investors have been actively involved in trading Tesla stock. Several institutional investors have either increased or decreased their stakes in the company. Notable additions include Contravisory Investment Management Inc., Wyrmwood Management LLC, Lam Group Inc., and Alpha Paradigm Partners LLC, while Halpern Financial Inc. significantly boosted its holdings in Tesla.
Equity research analysts have also been active in assessing TSLA stock, with TD Cowen being one of the analysts who reduced their price target for the company.
