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Tuesday, November 01, 2022 7:37:14 AM
Posted by Shane Hupp on Oct 31st, 2022
https://www.tickerreport.com/banking-finance/9639316/570000-shares-in-nikola-co-nasdaqnkla-acquired-by-dekabank-deutsche-girozentrale.html
DekaBank Deutsche Girozentrale acquired a new position in shares of Nikola Co. (NASDAQ:NKLA – Get Rating) during the second quarter, HoldingsChannel.com reports. The firm acquired 570,000 shares of the company’s stock, valued at approximately $2,708,000.
Other institutional investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP purchased a new stake in Nikola in the first quarter valued at $29,000. Advisory Services Network LLC purchased a new stake in Nikola in the second quarter valued at $50,000. Captrust Financial Advisors raised its position in Nikola by 97.2% in the first quarter. Captrust Financial Advisors now owns 4,657 shares of the company’s stock valued at $50,000 after purchasing an additional 2,296 shares during the period. Nisa Investment Advisors LLC raised its position in Nikola by 218.2% in the first quarter. Nisa Investment Advisors LLC now owns 6,300 shares of the company’s stock valued at $67,000 after purchasing an additional 4,320 shares during the period. Finally, Sheaff Brock Investment Advisors LLC raised its position in Nikola by 23.8% in the second quarter. Sheaff Brock Investment Advisors LLC now owns 14,575 shares of the company’s stock valued at $69,000 after purchasing an additional 2,800 shares during the period. Hedge funds and other institutional investors own 23.34% of the company’s stock.
Wall Street Analyst Weigh In
A number of research firms have commented on NKLA. BTIG Research upgraded Nikola from a “neutral” rating to a “buy” rating and set a $12.00 target price on the stock in a research report on Wednesday, September 14th. Cowen reduced their target price on Nikola to $12.50 in a research report on Tuesday, August 9th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Nikola from $7.00 to $8.00 in a research note on Friday, August 5th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $10.83.
Nikola last released its earnings results on Thursday, August 4th. The company reported ($0.41) EPS for the quarter, topping the consensus estimate of ($0.45) by $0.04. The company had revenue of $18.10 million for the quarter, compared to analyst estimates of $16.58 million. During the same period in the previous year, the firm earned ($0.36) earnings per share. The company’s revenue for the quarter was up 1710.0% compared to the same quarter last year. On average, equities analysts forecast that Nikola Co. will post -1.91 earnings per share for the current year.
Insider Buying and Selling
In related news, major shareholder Trevor R. Milton bought 3,000,000 shares of the stock in a transaction that occurred on Wednesday, August 24th. The stock was purchased at an average cost of $5.80 per share, with a total value of $17,400,000.00. Following the purchase, the insider now directly owns 51,047,726 shares of the company’s stock, valued at approximately $296,076,810.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Also, CEO Mark A. Russell sold 75,000 shares of Nikola stock in a transaction dated Monday, October 24th. The stock was sold at an average price of $2.90, for a total value of $217,500.00. Following the sale, the chief executive officer now directly owns 2,812,346 shares of the company’s stock, valued at $8,155,803.40. Insiders sold 1,276,120 shares of company stock valued at $4,667,701 in the last three months. 18.30% of the stock is owned by corporate insiders.
About Nikola
Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the trucking sector.
Recent NKLA News
- Apple Joins OpenAI Board, Logitech President Opts Out of Reelection, and More News • IH Market News • 07/03/2024 10:59:39 AM
- NIKOLA WHOLESALES 72 HYDROGEN FUEL CELL TRUCKS FOR NORTH AMERICAN CUSTOMERS IN Q2 2024, EXCEEDS SALES GUIDANCE • PR Newswire (US) • 07/02/2024 12:05:00 PM
- Nike Stock Drops 14% in Pre-Market; Nokia Acquires Infinera for $2.3 Billion, and More News • IH Market News • 06/28/2024 10:50:25 AM
- Honeywell Acquires CAES Systems for $1.9 Billion, Sarepta Therapeutics Surges 34%, Gilead Continues Gains • IH Market News • 06/21/2024 12:00:38 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/20/2024 12:03:20 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/20/2024 12:03:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/20/2024 12:01:11 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/06/2024 12:28:05 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 06/06/2024 12:27:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 06/05/2024 10:40:25 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 06/04/2024 09:20:31 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 06/04/2024 07:51:39 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/31/2024 08:45:19 PM
- Form SD - Specialized disclosure report • Edgar (US Regulatory) • 05/31/2024 08:10:29 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/29/2024 08:06:55 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/23/2024 08:09:11 PM
- NIKOLA AND AiLO LOGISTICS ANNOUNCE ORDER FOR 100 HYDROGEN FUEL CELL ELECTRIC TRUCKS • PR Newswire (US) • 05/21/2024 12:05:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/20/2024 08:21:35 PM
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- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/14/2024 08:07:37 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/10/2024 08:04:41 PM
- Form ARS/A - Annual Report to Security Holders: [Amend] • Edgar (US Regulatory) • 05/08/2024 08:05:35 PM
- Reddit Rises 15% After First Quarterly Report, Upstart and Twilio Plunge Due to Weak Q2 Forecast, and More in Earnings • IH Market News • 05/08/2024 12:23:27 PM
- NIKOLA EXPANDS HYDROGEN NETWORK WITH INAUGURATION OF SECOND HYLA REFUELING STATION IN SOUTHERN CALIFORNIA • PR Newswire (US) • 05/08/2024 12:05:00 PM
- Form DEFA14A - Additional definitive proxy soliciting materials and Rule 14(a)(12) material • Edgar (US Regulatory) • 05/07/2024 08:54:24 PM
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