Nikola Co. (NASDAQ:NKLA) CEO Purchases $540,000.00 in Stock

Nikola Co. (NASDAQ:NKLAGet Free Report) CEO Stephen J. Girsky acquired 1,000,000 shares of the business’s stock in a transaction dated Monday, May 20th. The stock was purchased at an average cost of $0.54 per share, for a total transaction of $540,000.00. Following the transaction, the chief executive officer now owns 7,243,005 shares in the company, valued at $3,911,222.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Nikola Trading Down 1.3 %

Shares of Nikola stock opened at $0.53 on Thursday. Nikola Co. has a 12-month low of $0.51 and a 12-month high of $3.71. The firm’s 50 day simple moving average is $0.70 and its two-hundred day simple moving average is $0.77. The company has a debt-to-equity ratio of 0.46, a quick ratio of 1.50 and a current ratio of 1.73.

Nikola (NASDAQ:NKLAGet Free Report) last released its earnings results on Thursday, February 22nd. The company reported ($0.12) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.17) by $0.05. The firm had revenue of $11.53 million during the quarter, compared to analyst estimates of $14.52 million. During the same period in the previous year, the company earned ($0.46) earnings per share. As a group, analysts expect that Nikola Co. will post -0.39 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on NKLA. DA Davidson restated a “neutral” rating and issued a $1.00 target price on shares of Nikola in a research note on Tuesday, March 5th. Bryan, Garnier & Co assumed coverage on Nikola in a research report on Thursday, May 16th. They issued a “buy” rating and a $1.00 price objective for the company. Robert W. Baird started coverage on Nikola in a research report on Wednesday, January 24th. They set an “outperform” rating and a $2.00 target price on the stock. Finally, Wolfe Research began coverage on Nikola in a report on Tuesday, April 9th. They issued a “peer perform” rating for the company.

Get Our Latest Stock Analysis on Nikola

Institutional Trading of Nikola

Several large investors have recently added to or reduced their stakes in NKLA. Capital Wealth Alliance LLC purchased a new position in shares of Nikola in the third quarter worth about $25,000. Silicon Valley Capital Partners purchased a new stake in shares of Nikola in the 3rd quarter valued at $30,000. Marathon Trading Investment Management LLC acquired a new stake in shares of Nikola in the third quarter worth $33,000. Rathbones Group PLC acquired a new stake in shares of Nikola in the third quarter worth $46,000. Finally, Private Advisor Group LLC purchased a new position in shares of Nikola during the third quarter worth $51,000. Hedge funds and other institutional investors own 37.38% of the company’s stock.

Nikola Company Profile

(Get Free Report)

Nikola Corporation operates as a technology innovator and integrator that develops energy and transportation solutions in the United States and internationally. The company operates in truck and energy units. It commercializes battery electric vehicles (BEV) and hydrogen fuel cell electric vehicles (FCEV) to the trucking sector.

Read More

Receive News & Ratings for Nikola Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nikola and related companies with MarketBeat.com's FREE daily email newsletter.