Insider Selling: Trulia VP Sells 3,000 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) VP Scott Darling sold 3,000 shares of the company’s stock on the open market in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $35.12, for a total transaction of $105,360.00. Following the completion of the sale, the vice president now directly owns 3,500 shares in the company, valued at approximately $122,920. The sale was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Trulia (NASDAQ:TRLA) traded down 1.48% during mid-day trading on Friday, hitting $34.69. 706,927 shares of the company’s stock traded hands. Trulia has a 1-year low of $17.17 and a 1-year 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 announced its earnings results on Tuesday, October 29th. The company reported $0.19 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter 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.
TRLA has been the subject of a number of recent research reports. 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 equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price 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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