Insider Selling: Daniele Farnedi Sells 1,250 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) CTO Daniele Farnedi sold 1,250 shares of Trulia stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $35.20, for a total value of $44,000.00. Following the transaction, the chief technology officer now directly owns 1,492 shares of the company’s stock, valued at approximately $52,518. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Trulia (NASDAQ:TRLA) traded down 1.48% during mid-day trading on Friday, hitting $34.69. The stock had a trading volume of 706,927 shares. Trulia has a 52 week low of $17.17 and a 52 week high of $52.71. The stock has a 50-day moving average of $33.58 and a 200-day moving average of $39.16. The company’s market cap is $1.294 billion.
Trulia (NASDAQ:TRLA) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.08 by $0.11. The company had revenue of $40.30 million for the quarter, compared to the consensus estimate of $35.87 million. During the same quarter in the prior year, the company posted ($0.10) earnings per share. The company’s quarterly revenue was up 117.8% on a year-over-year basis. On average, analysts predict that Trulia will post $0.63 earnings per share for the current fiscal year.
A number of research firms have recently commented on TRLA. Analysts at RBC Capital upgraded shares of Trulia from a “sector perform” rating to an “outperform” rating in a research note to investors on Friday. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Trulia in a research note to investors on Friday, December 13th. They now have a $55.00 price target on the stock. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Trulia from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $49.92.
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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