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

Tucows Inc. (NASDAQ:TCX) (TSE:TC) fell 0.5% on Monday . The company traded as low as $18.04 and last traded at $18.09. 24,066 shares changed hands during mid-day trading, a decline of 38% from the average session volume of 38,749 shares. The stock had previously closed at $18.19.

Tucows Price Performance

The stock’s fifty day moving average price is $18.10 and its 200-day moving average price is $20.28. The firm has a market cap of $198.42 million, a price-to-earnings ratio of -2.22 and a beta of 0.83.

Insider Activity at Tucows

In related news, CEO Elliot Noss sold 5,700 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of $22.03, for a total value of $125,571.00. Following the transaction, the chief executive officer now directly owns 511,058 shares in the company, valued at approximately $11,258,607.74. This trade represents a 1.10 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. In the last 90 days, insiders sold 18,000 shares of company stock valued at $369,639. Insiders own 11.60% of the company’s stock.

Institutional Trading of Tucows

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

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.