Insider Selling: Tilray Inc (TLRY) CRO Sells $2,135,154.54 in Stock

Tilray Inc (NASDAQ:TLRY) CRO Edward Wood Pastorius, Jr. sold 29,422 shares of the company’s stock in a transaction on Monday, January 28th. The stock was sold at an average price of $72.57, for a total transaction of $2,135,154.54. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of TLRY stock opened at $81.91 on Friday. The company has a current ratio of 5.43, a quick ratio of 4.98 and a debt-to-equity ratio of 0.05. Tilray Inc has a one year low of $20.10 and a one year high of $300.00.

Tilray (NASDAQ:TLRY) last announced its earnings results on Tuesday, November 13th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.12) by ($0.08). The firm had revenue of $10.00 million during the quarter, compared to analysts’ expectations of $10.25 million. Tilray had a negative net margin of 121.22% and a negative return on equity of 60.74%. The company’s quarterly revenue was up 85.2% compared to the same quarter last year. As a group, sell-side analysts predict that Tilray Inc will post -0.6 EPS for the current year.

TLRY has been the topic of several research reports. Zacks Investment Research upgraded shares of Tilray from a “sell” rating to a “hold” rating in a report on Saturday, January 5th. Cowen upped their price objective on shares of Tilray from $62.00 to $172.00 and gave the stock an “outperform” rating in a report on Tuesday, October 9th. Benchmark initiated coverage on shares of Tilray in a report on Tuesday, October 16th. They set a “buy” rating and a $200.00 price objective on the stock. Finally, Piper Jaffray Companies initiated coverage on shares of Tilray in

Read more at: https://www.fairfieldcurrent.com/news/2019/02/02/insider-selling-tilray-inc-tlry-cro-sells-2135154-54-in-stock.html

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