Insider Selling: Trulia Director Unloads 8,350 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen sold 8,350 shares of the stock on the open market in a transaction dated Monday, October 7th. The stock was sold at an average price of $46.29, for a total transaction of $386,521.50. Following the completion of the sale, the director now directly owns 955,053 shares in the company, valued at approximately $44,209,403. The transaction was disclosed in a document filed with the SEC, which is available at this link.
TRLA has been the subject of a number of recent research reports. Analysts at Deutsche Bank raised their price target on shares of Trulia from $47.00 to $50.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, September 3rd. They now have a $42.50 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. raised their price target on shares of Trulia to $51.00 in a research note to investors on Wednesday, August 21st. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $48.50.
Trulia (NASDAQ:TRLA) traded down 8.41% on Tuesday, hitting $41.61. 2,234,347 shares of the company’s stock traded hands. Trulia has a 52 week low of $14.69 and a 52 week high of $52.71. The stock has a 50-day moving average of $45.85 and a 200-day moving average of $36.68. The company’s market cap is $1.354 billion.
Trulia (NASDAQ:TRLA) last announced its earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.01. The company had revenue of $29.70 million for the quarter, compared to the consensus estimate of $27.69 million. The company’s revenue for the quarter was up 76.6% on a year-over-year basis. Analysts expect that Trulia will post $0.22 EPS for the current fiscal year.
Trulia, Inc is a real estate search engine company. The Company offers free and subscription products that provide real estate professionals with access to transaction-ready consumers and help them enhance their online presence.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.