Tucows (NASDAQ:TCX) Shares Down 0.5% – Here’s What Happened

Tucows Inc. (NASDAQ:TCX) (TSE:TC)’s stock price dropped 0.5% on Monday . The stock traded as low as $18.04 and last traded at $18.09. Approximately 24,066 shares were traded during trading, a decline of 38% from the average daily volume of 38,749 shares. The stock had previously closed at $18.19.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Tucows from a “sell” rating to a “hold” rating in a research note on Monday, August 12th.

Tucows Stock Performance

The firm’s 50 day moving average is $18.13 and its 200 day moving average is $20.29. The stock has a market cap of $199.17 million, a P/E ratio of -2.18 and a beta of 0.83.

Insiders Place Their Bets

In related news, CEO Elliot Noss sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, October 17th. The stock was sold at an average price of $19.02, for a total value of $28,530.00. Following the sale, the chief executive officer now owns 485,758 shares in the company, valued at $9,239,117.16. This represents a 0.31 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders have sold 18,000 shares of company stock valued at $369,639. Insiders own 11.60% of the company’s stock.

Institutional Trading of Tucows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC increased its holdings in Tucows by 307.6% in the third quarter. Barclays PLC now owns 11,385 shares of the information services provider’s stock valued at $238,000 after buying an additional 8,592 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Tucows by 7.6% in the 3rd quarter. Jane Street Group LLC now owns 13,646 shares of the information services provider’s stock valued at $285,000 after purchasing an additional 966 shares in the last quarter. Bard Associates Inc. raised its holdings in Tucows by 22.3% in the 3rd quarter. Bard Associates Inc. now owns 24,395 shares of the information services provider’s stock worth $510,000 after purchasing an additional 4,450 shares during the period. Geode Capital Management LLC boosted its position in Tucows by 2.8% during the third quarter. Geode Capital Management LLC now owns 200,263 shares of the information services provider’s stock worth $4,185,000 after purchasing an additional 5,503 shares in the last quarter. Finally, Vanguard Group Inc. grew its holdings in Tucows by 0.6% in the first quarter. Vanguard Group Inc. now owns 698,465 shares of the information services provider’s stock valued at $12,964,000 after purchasing an additional 4,234 shares during the period. 73.64% of the stock is owned by institutional investors and hedge funds.

Tucows Company Profile

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.