Canopy Growth Co. (NASDAQ:CGC) Director David Angelo Lazzarato Sells 38,963 Shares of Stock

Canopy Growth Co. (NASDAQ:CGC) Director David Angelo Lazzarato sold 38,963 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $0.71, for a total value of $27,663.73. Following the completion of the transaction, the director now owns 246,064 shares in the company, valued at approximately $174,705.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

David Angelo Lazzarato also recently made the following trade(s):

• On Tuesday, June 27th, David Angelo Lazzarato sold 3,872 shares of Canopy Growth stock. The stock was sold at an average price of $0.62, for a total value of $2,400.64.

Canopy Growth Stock Performance

NASDAQ CGC opened at $0.76 on Friday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.96 and a quick ratio of 1.64. The company has a fifty day simple moving average of $0.46 and a 200 day simple moving average of $1.07. Canopy Growth Co. has a 12-month low of $0.35 and a 12-month high of $4.77.

Canopy Growth (NASDAQ:CGC) last posted its earnings results on Wednesday, August 9th. The company reported ($0.04) EPS for the quarter, topping the consensus estimate of ($0.10) by $0.06. Canopy Growth had a negative net margin of 278.33% and a negative return on equity of 49.88%. The company had revenue of $80.95 million during the quarter, compared to the consensus estimate of $69.67 million. As a group, sell-side analysts expect that Canopy Growth Co. will post -0.34 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of CGC. Flow Traders U.S. LLC bought a new stake in Canopy Growth in the 2nd quarter worth about $25,000. Tower Research Capital LLC TRC grew its holdings in shares of Canopy Growth by 144.2% in the second quarter. Tower Research Capital LLC TRC now owns 67,498 shares of the company’s stock valued at $26,000 after acquiring an additional 39,861 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in shares of Canopy Growth by 94.7% during the second quarter. FinTrust Capital Advisors LLC now owns 61,690 shares of the company’s stock valued at $27,000 after acquiring an additional 30,000 shares during the last quarter. Cyndeo Wealth Partners LLC bought a new stake in Canopy Growth during the first quarter worth $28,000. Finally, QCM Cayman Ltd. purchased a new position in Canopy Growth in the first quarter worth $31,000. Hedge funds and other institutional investors own 12.80% of the company’s stock.

About Canopy Growth

Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis and hemp-based products for recreational and medical purposes primarily in Canada, the United States, and Germany. It operates through two segments, Global Cannabis and Other Consumer Products.