Tucows Inc. (NASDAQ:TCX) (TSE:TC) CFO Michael Cooperman sold 29,219 shares of Tucows stock in a transaction that occurred on Wednesday, March 22nd. The stock was sold at an average price of $48.04, for a total value of $1,403,680.76. Following the sale, the chief financial officer now directly owns 189,187 shares of the company’s stock, valued at $9,088,543.48. The transaction was disclosed in a document filed with the SEC.
Shares of Tucows Inc. (NASDAQ:TCX) traded up 0.70% during trading on Friday, hitting $57.85. The stock had a trading volume of 50,757 shares. The firm’s 50 day moving average is $49.60 and its 200 day moving average is $39.78. The company has a market cap of $606.79 million, a PE ratio of 38.57 and a beta of 1.42. Tucows Inc. has a 1-year low of $22.39 and a 1-year high of $58.90.
Tucows (NASDAQ:TCX) last issued its quarterly earnings data on Tuesday, February 7th. The company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.41 by $0.15. Tucows had a return on equity of 51.56% and a net margin of 8.41%. The company earned $48.80 million during the quarter, compared to analysts’ expectations of $50.40 million. During the same quarter last year, the business earned $0.29 earnings per share. The business’s quarterly revenue was up 9.2% on a year-over-year basis. Equities research analysts anticipate that Tucows Inc. will post $1.99 EPS for the current fiscal year.
Hedge funds have recently modified their holdings of the company. Van Hulzen Asset Management LLC bought a new stake in shares of Tucows during the third quarter valued at approximately $135,000. O Shaughnessy Asset Management LLC bought a new stake in shares of Tucows during the fourth quarter valued at approximately $221,000. Spark Investment Management LLC bought a new stake in shares of Tucows during the third quarter valued at approximately $217,000. Isthmus Partners LLC bought a new stake in shares of Tucows during the third quarter valued at approximately $802,000. Finally, Van Berkom & Associates Inc. raised its position in Tucows by 344.0% in the third quarter. Van Berkom & Associates Inc. now owns 26,221 shares of the company’s stock valued at $840,000 after buying an additional 20,315 shares during the last quarter. Institutional investors and hedge funds own 22.48% of the company’s stock.
Separately, Zacks Investment Research lowered Tucows from a “buy” rating to a “sell” rating in a research note on Tuesday, March 28th.