Dealertrack Technologies Director Sells $74,640 in Stock (TRAK)
Dealertrack Technologies (NASDAQ:TRAK) Director John Mcdonnell, Jr. sold 2,000 shares of the stock on the open market in a transaction dated Friday, November 1st. The stock was sold at an average price of $37.32, for a total value of $74,640.00. Following the sale, the director now directly owns 37,524 shares of the company’s stock, valued at approximately $1,400,396. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TRAK. Analysts at Zacks downgraded shares of Dealertrack Technologies from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, October 8th. They now have a $46.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Dealertrack Technologies from $38.00 to $41.00 in a research note to investors on Wednesday, August 7th. One research analyst has rated the stock with a hold rating and one has issued a buy rating to the company. Dealertrack Technologies currently has a consensus rating of “Buy” and an average price target of $40.00.
Dealertrack Technologies (NASDAQ:TRAK) traded up 1.29% on Monday, hitting $37.65. The stock had a trading volume of 162,507 shares. Dealertrack Technologies has a 52-week low of $23.31 and a 52-week high of $43.52. The stock has a 50-day moving average of $40.36 and a 200-day moving average of $36.38. The company has a market cap of $1.647 billion and a price-to-earnings ratio of 1161.56.
DealerTrack Technologies, Inc, formerly DealerTrack Holdings, Inc, is a holding company. Its Web-based software solutions and services are provided for all segments of the automotive retail industry, including dealers, lenders, other equipment manufacturers (NASDAQ:TRAK), third party retailers, agents and aftermarket providers.
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