Insider Selling: Peter Flint Sells 9,200 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint unloaded 9,200 shares of Trulia stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $35.73, for a total value of $328,716.00. Following the completion of the sale, the chief executive officer now directly owns 1,390,359 shares in the company, valued at approximately $49,677,527. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Trulia (NASDAQ:TRLA) traded up 1.41% during mid-day trading on Tuesday, hitting $37.35. The stock had a trading volume of 1,533,015 shares. Trulia has a one year low of $18.50 and a one year high of $52.71. The stock has a 50-day moving average of $33.34 and a 200-day moving average of $39.37. The company’s market cap is $1.393 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.
Several analysts have recently commented on the stock. 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. They now have a $54.00 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 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 investment analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. Trulia currently has a consensus rating of “Buy” and a consensus price target of $50.60.
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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