Image from MarketBeat Media, LLC. Key Points Stifel Nicolaus upgraded Tesla's price target from $483 to $508 and kept a buy rating, helping push TSLA up about 1.1% intraday Tesla recently beat quarterly estimates, reporting $0.50 EPS vs. $0.48 expected and $28.1 billion in revenue (up 11.6% year-over-year). There has been notable insider selling, with 202,606 shares (~$75.6M) sold in the past 90 days (including James R. Murdoch's 60,000-share sale), though insiders still own 19.9% of the company. Tesla Has Been Trapped in a 10% Range for Months—What’s Going On? In related news, Director James R. Murdoch sold 60,000 shares of the stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $422.68, for a total value of $25,360,800.00. Following the completion of the transaction, the director directly owned 637,031 shares of the company's stock, valued at $269,260,263.08. This trade represents a 8.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Xiaotong Zhu sold 20,000 shares of the business's stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $363.75, for a total transaction of $7,275,000.00. Following the sale, the senior vice president directly owned 47,600 shares in the company, valued at approximately $17,314,500. This represents a 29.59% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 202,606 shares of company stock worth $75,588,902. Insiders own 19.90% of the company's stock. Institutional Inflows and Outflows Institutional investors have recently modified their holdings of the company. Brighton Jones LLC grew its holdings in Tesla by 11.8% during the fourth quarter. Brighton Jones LLC now owns 87,929 shares of the electric vehicle producer's stock worth $35,509,000 after acquiring an additional 9,293 shares during the period. Revolve Wealth Partners LLC grew its stake in shares of Tesla by 21.2% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,317 shares of the electric vehicle producer's stock worth $2,147,000 after purchasing an additional 931 shares during the period. Bison Wealth LLC increased its holdings in shares of Tesla by 52.2% during the 4th quarter. Bison Wealth LLC now owns 10,368 shares of the electric vehicle producer's stock valued at $4,187,000 after purchasing an additional 3,558 shares in the last quarter. AMG National Trust Bank lifted its stake in shares of Tesla by 11.8% in the 1st quarter. AMG National Trust Bank now owns 4,671 shares of the electric vehicle producer's stock valued at $1,211,000 after purchasing an additional 493 shares during the period. Finally, FAS Wealth Partners Inc. boosted its holdings in Tesla by 22.1% during the first quarter. FAS Wealth Partners Inc. now owns 5,031 shares of the electric vehicle producer's stock worth $1,304,000 after buying an additional 911 shares in the last quarter. 66.20% of the stock is currently owned by hedge funds and other institutional investors. Tesla Trading Up 1.1%