Tesla Inc (NASDAQ:TSLA) insider Jeffrey B. Straubel sold 15,000 shares of the company’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $348.44, for a total transaction of $5,226,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Shares of TSLA traded down $0.89 during trading hours on Friday, reaching $350.51. The company’s stock had a trading volume of 5,093,378 shares, compared to its average volume of 10,825,698. Tesla Inc has a 1-year low of $244.59 and a 1-year high of $387.46. The company has a current ratio of 0.81, a quick ratio of 0.37 and a debt-to-equity ratio of 1.82.

Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, October 24th. The electric vehicle producer reported $2.90 earnings per share for the quarter, beating analysts’ consensus estimates of ($1.77) by $4.67. The company had revenue of $6.82 billion for the quarter, compared to the consensus estimate of $5.67 billion. Tesla had a negative return on equity of 34.27% and a negative net margin of 10.22%. Sell-side analysts predict that Tesla Inc will post -5.09 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of TSLA. Jennison Associates LLC increased its holdings in Tesla by 33.6% in the second quarter. Jennison Associates LLC now owns 4,332,187 shares of the electric vehicle producer’s stock worth $1,485,724,000 after buying an additional 1,089,377 shares during the last quarter. Baillie Gifford & Co. increased its holdings in Tesla by 3.1% in the second quarter. Baillie Gifford & Co. now owns 13,171,801 shares of the electric vehicle producer’s stock worth $4,517,269,000 after buying an additional 395,727 shares during the last quarter. ARK Investment Management LLC increased its holdings in Tesla by 68.2% in the third quarter. ARK Investment Management LLC now owns 746,725 shares of the electric vehicle producer’s stock worth $197,710,000 after buying an additional 302,851 shares during the last quarter. TD Asset Management Inc. increased its holdings in Tesla by 171.9% in the third quarter. TD Asset Management Inc. now owns 353,582 shares of the electric vehicle producer’s stock worth $93,618,000 after buying an additional 223,539 shares during the last quarter. Finally, United Services Automobile Association increased its holdings in Tesla by 235.3% in the second quarter. United Services Automobile Association now owns 199,032 shares of the electric vehicle producer’s stock worth $68,258,000 after buying an additional 139,677 shares during the last quarter. Institutional investors own 62.17% of the company’s stock.

TSLA has been the subject of a number of analyst reports. Zacks Investment Research raised shares of Tesla from a “hold” rating to a “strong-buy” rating and set a $381.00 price objective for the company in a research note on Tuesday, October 30th. Nord/LB reaffirmed a “sell” rating and set a $230.00 price objective on shares of Tesla in a research note on Tuesday, September 11th. Oppenheimer reaffirmed a “buy” rating and set a $385.00 price objective on shares of Tesla in a research note on Monday, October 1st. Sanford C. Bernstein set a $325.00 price objective on shares of Tesla and gave the company a “neutral” rating in a research note on Friday, September 28th. Finally, Macquarie initiated coverage on shares of Tesla in a research note on Monday, October 8th. They set an “outperform” rating and a $430.00 price objective for the company. Thirteen analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. Tesla currently has a consensus rating of “Hold” and an average target price of $318.58.

COPYRIGHT VIOLATION WARNING: “Tesla Inc (TSLA) Insider Jeffrey B. Straubel Sells 15,000 Shares” was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this piece of content on another domain, it was stolen and reposted in violation of United States and international trademark & copyright law. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2018/11/10/tesla-inc-tsla-insider-jeffrey-b-straubel-sells-15000-shares.html.

About Tesla

Tesla, Inc engages in the design, development, manufacture, and sale of fully electric vehicles, energy generation and storage systems. It also provides vehicle service centers, supercharger station, and self-driving capability. The firm operates through Automotive, and Energy Generation and Storage segments.

See Also: What is the Dividend Aristocrat Index?

Insider Buying and Selling by Quarter for Tesla (NASDAQ:TSLA)

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