Image from MarketBeat Media, LLC. Key Points IFP Advisors Inc increased its Tesla stake by 55.7% in the fourth quarter, ending with 35,238 shares valued at about $15.8 million. The move came as institutional ownership in Tesla remained high at 66.2%. Tesla shares were trading down 1.4% at $404.11, despite the company recently reporting earnings per share of $0.41, which beat analyst estimates. Quarterly revenue, however, came in below expectations at $22.39 billion. Recent sentiment around Tesla remains mixed, with bullish attention on its AI, autonomy, and energy business, but concerns persist over its rich valuation, Model Y price increases, and ongoing scrutiny of Full Self-Driving and robotaxi safety. TSLA: 3 Reasons the Stock Could Hit $400 in May In related news, Director Kathleen Wilson-Thompson sold 26,409 shares of the business's stock in a transaction dated Thursday, April 30th. The stock was sold at an average price of $378.11, for a total transaction of $9,985,506.99. Following the completion of the transaction, the director owned 48,399 shares of the company's stock, valued at approximately $18,300,145.89. The trade was a 35.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Vaibhav Taneja sold 3,000 shares of the business's stock in a transaction dated Wednesday, May 13th. The stock was sold at an average price of $450.00, for a total value of $1,350,000.00. Following the transaction, the chief financial officer directly owned 18,106 shares of the company's stock, valued at $8,147,700. This represents a 14.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 83,213 shares of company stock valued at $32,201,105 in the last three months. 19.90% of the stock is owned by insiders. Analyst Upgrades and Downgrades A number of research firms have recently issued reports on TSLA. China Renaissance reduced their target price on Tesla from $382.00 to $372.00 and set a "hold" rating for the company in a report on Monday, April 27th. BNP Paribas Exane upgraded Tesla from an "underperform" rating to a "neutral" rating in a report on Monday, April 27th. Jefferies Financial Group restated a "neutral" rating on shares of Tesla in a report on Wednesday, April 22nd. President Capital increased their price target on shares of Tesla from $424.00 to $428.00 and gave the stock a "buy" rating in a research report on Monday, April 27th. Finally, Needham & Company LLC restated a "hold" rating on shares of Tesla in a report on Thursday, April 23rd. Nineteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and five have assigned a Sell rating to the company's stock. According to MarketBeat.com, Tesla presently has an average rating of "Hold" and an average target price of $395.20. Ad Behind the Markets