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Elliot Noss, the Chief Executive Officer of Tucows Inc. (NASDAQ:TCX), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Noss sold a total of 7,760 shares of common stock on February 14, 2025. The transactions were executed at prices ranging from $15.97 to $18.94 per share, generating approximately $133,879 in total proceeds. The stock has shown strong momentum recently, with a 29% return over the past week, currently trading at $19.20.
The sales were conducted under a pre-arranged trading plan, known as a Rule 10b5-1 plan, which Noss adopted on September 15, 2023. Following these transactions, Noss retains direct ownership of 470,198 shares. Additionally, he holds indirect ownership in various accounts, including retirement savings accounts and holdings by his spouse. According to InvestingPro data, the company operates with a significant debt burden, with a debt-to-capital ratio of 0.75, and has been experiencing rapid cash burn.
Investors and stakeholders may find these transactions noteworthy as they reflect the CEO’s current disposition towards his stake in the company. InvestingPro subscribers can access 8 additional key insights about Tucows’ financial health and valuation metrics to better understand the context of this insider transaction.
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