Insider Selling: Tucows Inc. (NASDAQ:TCX) CEO Sells 7,760 Shares of Stock

Tucows Inc. (NASDAQ:TCX) (TSE:TC) CEO Elliot Noss sold 7,760 shares of the company’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $17.25, for a total value of $133,860.00. Following the transaction, the chief executive officer now directly owns 470,198 shares of the company’s stock, valued at $8,110,915.50. The trade was a 1.62 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, February 6th, Elliot Noss sold 500 shares of Tucows stock. The shares were sold at an average price of $15.76, for a total value of $7,880.00.
• On Tuesday, February 4th, Elliot Noss sold 500 shares of Tucows stock. The stock was sold at an average price of $15.66, for a total value of $7,830.00.
• On Monday, January 27th, Elliot Noss sold 100 shares of Tucows stock. The stock was sold at an average price of $17.12, for a total value of $1,712.00.
• On Friday, January 24th, Elliot Noss sold 2,000 shares of Tucows stock. The stock was sold at an average price of $16.91, for a total value of $33,820.00.
• On Wednesday, January 22nd, Elliot Noss sold 2,000 shares of Tucows stock. The stock was sold at an average price of $16.22, for a total value of $32,440.00.
• On Wednesday, January 15th, Elliot Noss sold 200 shares of Tucows stock. The stock was sold at an average price of $16.57, for a total value of $3,314.00.
• On Monday, January 13th, Elliot Noss sold 100 shares of Tucows stock. The stock was sold at an average price of $16.32, for a total value of $1,632.00.
• On Wednesday, January 8th, Elliot Noss sold 1,100 shares of Tucows stock. The stock was sold at an average price of $16.79, for a total value of $18,469.00.

Tucows Stock Up 3.1 %

Tucows stock opened at $19.80 on Thursday. The company has a market capitalization of $218.00 million, a P/E ratio of -1.93 and a beta of 0.81. The stock’s 50 day moving average is $16.39 and its 200 day moving average is $18.57. Tucows Inc. has a twelve month low of $14.50 and a twelve month high of $26.48.

Tucows (NASDAQ:TCX) (TSE:TC) last posted its quarterly earnings results on Thursday, February 13th. The information services provider reported ($1.43) earnings per share for the quarter. The company had revenue of $93.10 million during the quarter.

Institutional Trading of Tucows

Several institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its stake in Tucows by 1.0% during the 4th quarter. Geode Capital Management LLC now owns 202,248 shares of the information services provider’s stock valued at $3,468,000 after purchasing an additional 1,985 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Tucows by 5.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 80,421 shares of the information services provider’s stock valued at $1,378,000 after purchasing an additional 4,109 shares during the last quarter. Northern Trust Corp boosted its stake in Tucows by 1.5% during the 4th quarter. Northern Trust Corp now owns 78,791 shares of the information services provider’s stock valued at $1,350,000 after purchasing an additional 1,181 shares during the last quarter. Bard Associates Inc. boosted its stake in Tucows by 22.3% during the 3rd quarter. Bard Associates Inc. now owns 24,395 shares of the information services provider’s stock valued at $510,000 after purchasing an additional 4,450 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in Tucows by 32.9% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 23,911 shares of the information services provider’s stock valued at $410,000 after purchasing an additional 5,916 shares during the last quarter. 73.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded Tucows from a “hold” rating to a “sell” rating in a research note on Monday.

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.