Insider Selling: Trulia Director Sells 8,300 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen sold 8,300 shares of the stock in a transaction that occurred on Monday, October 21st. The stock was sold at an average price of $44.79, for a total value of $371,757.00. Following the completion of the transaction, the director now directly owns 938,403 shares of the company’s stock, valued at approximately $42,031,070. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TRLA shares. Analysts at Zacks downgraded shares of Trulia from a “neutral” rating to an “underperform” rating in a research note to investors on Tuesday. They now have a $43.00 price target on the stock. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Trulia in a research note to investors on Tuesday, October 15th. They now have a $50.00 price target on the stock, down previously from $51.00. Finally, 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. Trulia has an average rating of “Hold” and an average price target of $48.57.
Shares of Trulia (NASDAQ:TRLA) traded down 1.35% during mid-day trading on Tuesday, hitting $44.43. 671,018 shares of the company’s stock traded hands. Trulia has a 1-year low of $14.69 and a 1-year high of $50.14. The stock’s 50-day moving average is $43.30 and its 200-day moving average is $34.35. The company’s market cap is $1.445 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.05 earnings per share for the quarter, beating the analysts’ 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. Trulia’s revenue was up 76.6% compared to the same quarter last year. On average, analysts predict that Trulia will post $0.21 earnings per share 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.
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