Insider Selling: Trulia Director Sells 7,050 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen sold 7,050 shares of the stock in a transaction that occurred on Tuesday, January 21st. The shares were sold at an average price of $37.46, for a total transaction of $264,093.00. Following the completion of the transaction, the director now directly owns 845,303 shares in the company, valued at approximately $31,665,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Trulia (NASDAQ:TRLA) traded down 1.56% on Thursday, hitting $37.89. 832,745 shares of the company’s stock traded hands. Trulia has a 1-year low of $23.08 and a 1-year high of $52.71. The stock’s 50-day moving average is $34.52 and its 200-day moving average is $39.84. The company’s market cap is $1.413 billion.
Trulia (NASDAQ:TRLA) last released its 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 analysts have recently weighed in on TRLA shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Trulia in a research note to investors on Wednesday, January 8th. They now have a $55.00 price target on the stock. Separately, 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, January 3rd. They now have a $54.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. Trulia presently has a consensus rating of “Buy” and a consensus target price 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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