Insider Selling: Tesla, Inc. CFO Sells 6,000 Shares of Stock

Tesla, Inc. (NASDAQ:TSLA) CFO Vaibhav Taneja recently sold 6,000 shares of the company's stock on Monday, March 3rd. The shares were sold for an average price of $296.02, resulting in a total transaction value of $1,776,120.00. After this sale, Taneja now directly holds 23,084 shares in Tesla, which are approximately valued at $6,833,325.68. This sale indicates a 20.63% reduction in his overall position in the company. The transaction was reported in a filing with the SEC, which can be viewed on their official website.

• Recent Stock Movements

In addition to this sale, Vaibhav Taneja has made other notable trades recently. On February 3rd, he sold 7,000 shares at an average price of $383.11, totaling $2,681,770.00. Earlier, on January 6th, he sold another 7,000 shares at an average price of $413.56, amounting to $2,894,920.00. Furthermore, on December 6th, he sold 2,606 shares for an average price of $374.21, which brought in about $975,191.26.

Tesla's Stock Performance

On Wednesday, TSLA stock rose by $7.06, reaching a price of $279.10. During the trading session, over 93 million shares exchanged hands, surpassing the average trading volume of around 81 million shares. Over the past year, Tesla shares have seen a low of $138.80 and a high of $488.54. The company currently boasts a market capitalization of $897.73 billion, with a price-to-earnings (P/E) ratio of 136.81 and a P/E/G ratio of 5.86. The stock is also characterized by a beta of 2.34. Its fifty-day moving average stands at $374.97, while the two-hundred-day moving average is $318.13. Additionally, Tesla has a current ratio of 2.02, a quick ratio of 1.61, and a low debt-to-equity ratio of 0.08.

• Opportunities in the Market

Tesla's most recent earnings report, disclosed on January 29th, revealed an earnings per share (EPS) of $0.66, which fell short of the analysts' consensus estimate of $0.74 by $0.08. The company registered a net margin of 7.26% alongside a return on equity of 10.31%. Analysts project Tesla will report an EPS of 2.56 for the current fiscal year.

Recent Analyst Opinions

Tesla has recently been the focus of several research reports. Morgan Stanley reiterated a "top pick" rating with a price target of $430.00. Barclays raised their price target from $270.00 to $325.00, categorizing the stock as "equal weight". The Royal Bank of Canada maintained a "mixed" rating with their assessment. On January 6th, New Street Research upgraded Tesla from "neutral" to "buy" while setting a price target of $460.00. Stifel Nicolaus has also revised their target down from $492.00 to $474.00, yet rated the stock as "buy". Overall, the stock carries a wide array of recommendations: nine analysts rate it as a sell, twelve as a hold, fifteen as a buy, and two as a strong buy. The consensus average rating stands at "Hold" with a price target of $315.33.

• Investing Considerations

Notably, several hedge funds have adjusted their positions in Tesla stock recently. Swedbank AB increased its stake by 2.8%, owning now over a million shares valued at approximately $287 million after acquiring additional shares. Harbor Capital Advisors bought a new stake worth about $403,000, while Donaldson Capital Management and Rational Advisors expanded their holdings significantly. Hedge funds and institutional investors collectively hold around 66.20% of Tesla's stock.

About Tesla

Tesla, Inc. is known for designing, developing, manufacturing, leasing, and selling electric vehicles and energy generation and storage systems across the globe. The company operates in two primary segments: Automotive, and Energy Generation and Storage. The Automotive section not only covers electric vehicles but also sells regulatory credits and provides non-warranty after-sales services like used vehicles and insurance.

Conclusion

With recent movements in insider trading and the company's overall stock performance, Tesla continues to attract a variety of opinions from analysts and institutional investors. The fluctuations in stock prices, combined with insider activities, present an interesting landscape for both current and potential investors.

Tesla, CFO, Stocks, Trading, Investing