Workhorse Group Inc. (NASDAQ:WKHS) insider Gregory T. Ackerson sold 3,223 shares of the business’s stock in a transaction that occurred on Friday, January 8th. The stock was sold at an average price of $27.91, for a total value of $89,953.93. Following the completion of the transaction, the insider now owns 103,780 shares in the company, valued at approximately $2,896,499.80. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Shares of WKHS opened at $24.54 on Thursday. Workhorse Group Inc. has a twelve month low of $1.32 and a twelve month high of $30.99. The stock has a market cap of $2.96 billion, a PE ratio of -13.26, a P/E/G ratio of 9.07 and a beta of 2.80. The business’s 50-day moving average price is $22.92 and its 200-day moving average price is $20.55.
Workhorse Group (NASDAQ:WKHS) last posted its earnings results on Monday, November 9th. The company reported ($0.78) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.11) by ($0.67). The company had revenue of $0.57 million for the quarter, compared to analyst estimates of $0.40 million. Equities analysts expect that Workhorse Group Inc. will post 0.07 earnings per share for the current year.
Institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its position in Workhorse Group by 47.5% during the third quarter. BlackRock Inc. now owns 6,213,256 shares of the company’s stock valued at $157,071,000 after purchasing an additional 2,001,153 shares during the last quarter. Seaport Global Asset Management LLC bought a new position in Workhorse Group in the third quarter valued at $99,521,000. State Street Corp raised its position in Workhorse Group by 37.7% during the third quarter. State Street Corp now owns 2,312,751 shares of the company’s stock valued at $58,466,000 after purchasing an additional 633,437 shares in the last quarter. ARK Investment Management LLC lifted its stake in Workhorse Group by 605.9% during the third quarter. ARK Investment Management LLC now owns 729,863 shares of the company’s stock worth $18,451,000 after purchasing an additional 626,463 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Workhorse Group by 287.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 609,405 shares of the company’s stock worth $15,406,000 after purchasing an additional 452,273 shares during the last quarter. 21.43% of the stock is currently owned by hedge funds and other institutional investors.
Workhorse Group Company Profile
Workhorse Group Inc, a technology company, designs, manufactures, builds, and sells battery-electric vehicles and aircraft in the United States. The company also develops cloud-based and real-time telematics performance monitoring systems that enable fleet operators to optimize energy and route efficiency.
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