Trulia Director Sells $89,875 in Stock (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen sold 2,500 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $35.95, for a total value of $89,875.00. Following the completion of the transaction, the director now directly owns 871,453 shares in the company, valued at approximately $31,328,735. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Trulia (NASDAQ:TRLA) traded down 1.48% on Friday, hitting $34.69. The stock had a trading volume of 706,927 shares. Trulia has a 1-year low of $17.17 and a 1-year high of $52.71. The stock’s 50-day moving average is $33.58 and its 200-day moving average is $39.16. The company’s market cap is $1.294 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly earnings results on Tuesday, October 29th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the 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. Analysts expect that Trulia will post $0.63 EPS 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 given a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus 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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