Vienna Asset Management LLC Purchases Shares of 6,434 TuSimple Holdings Inc. (NASDAQ:TSP)

Vienna Asset Management LLC bought a new position in shares of TuSimple Holdings Inc. (NASDAQ:TSP – Get Rating) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 6,434 shares of the company’s stock, valued at approximately $231,000.

Several other large investors have also recently modified their holdings of the company. Rockefeller Capital Management L.P. raised its position in shares of TuSimple by 82.9% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 748 shares of the company’s stock valued at $27,000 after purchasing an additional 339 shares in the last quarter. CarsonAllaria Wealth Management Ltd. bought a new position in shares of TuSimple in the fourth quarter worth $32,000. Itau Unibanco Holding S.A. bought a new position in shares of TuSimple in the fourth quarter worth $44,000. Cubist Systematic Strategies LLC bought a new position in shares of TuSimple in the third quarter worth $47,000. Finally, Luminus Management LLC acquired a new stake in shares of TuSimple in the third quarter valued at $56,000. Institutional investors and hedge funds own 43.89% of the company’s stock.

TSP traded down $0.64 during midday trading on Tuesday, reaching $7.35. The company’s stock had a trading volume of 1,713,744 shares, compared to its average volume of 2,838,604. The stock has a market cap of $1.64 billion and a P/E ratio of -3.33. The company has a fifty day simple moving average of $10.70 and a 200 day simple moving average of $21.04. TuSimple Holdings Inc. has a twelve month low of $6.63 and a twelve month high of $79.84.

TuSimple (NASDAQ:TSP – Get Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported ($0.50) EPS for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.05. TuSimple had a negative return on equity of 33.56% and a negative net margin of 6,060.10%. During the same period in the prior year, the company posted ($6.43) earnings per share. As a group, sell-side analysts expect that TuSimple Holdings Inc. will post -2.38 earnings per share for the current year.

In other news, Director Brad W. Buss bought 25,000 shares of the stock in a transaction dated Monday, March 7th. The stock was bought at an average cost of $11.17 per share, with a total value of $279,250.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider James Mullen sold 2,374 shares of TuSimple stock in a transaction on Wednesday, March 2nd. The shares were sold at an average price of $16.64, for a total value of $39,503.36. The disclosure for this sale can be found here. Insiders have sold a total of 9,705 shares of company stock valued at $123,019 in the last 90 days.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. reduced their target price on TuSimple from $50.00 to $30.00 and set an “overweight” rating for the company in a report on Friday, April 8th. Zacks Investment Research raised TuSimple from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 15th. KeyCorp reduced their target price on TuSimple from $40.00 to $30.00 in a report on Thursday, May 12th. Credit Suisse Group reduced their target price on TuSimple from $62.00 to $33.00 and set an “outperform” rating for the company in a report on Wednesday, February 23rd. Finally, Needham & Company LLC reduced their price objective on TuSimple from $60.00 to $54.00 and set a “buy” rating for the company in a research note on Thursday, February 10th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, TuSimple presently has an average rating of “Buy” and a consensus price target of $40.38.

About TuSimple (Get Rating)

TuSimple Holdings Inc, an autonomous technology company, develops autonomous technology specifically designed for semi-trucks in the United States and internationally. It intends to produce a line of purpose-built (Level 4) L4 autonomous semi-trucks for the North American market. The company operates its Autonomous Freight Network (AFN) L4 autonomous semi-trucks equipped with its autonomous driving technology.

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