Dealertrack Technologies EVP Unloads $363,576 in Stock (TRAK)
Dealertrack Technologies (NASDAQ:TRAK) EVP Rajesh Sundaram unloaded 8,316 shares of Dealertrack Technologies stock on the open market in a transaction dated Wednesday, February 5th. The stock was sold at an average price of $43.72, for a total value of $363,575.52. Following the transaction, the executive vice president now directly owns 91,064 shares of the company’s stock, valued at approximately $3,981,318. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Barclays downgraded shares of Dealertrack Technologies from an “equal weight” rating to an “underweight” rating in a research note to investors on Tuesday, November 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company. Dealertrack Technologies presently has a consensus rating of “Hold” and an average target price of $40.00.
Dealertrack Technologies (NASDAQ:TRAK) traded down 0.23% on Wednesday, hitting $44.02. 293,487 shares of the company’s stock traded hands. Dealertrack Technologies has a 1-year low of $26.28 and a 1-year high of $50.30. The stock has a 50-day moving average of $47.2 and a 200-day moving average of $42.06. The company has a market cap of $1.932 billion and a P/E ratio of 198.74.
DealerTrack Technologies, Inc, formerly DealerTrack Holdings, Inc, is a holding company. Its Web-based software solutions and services are provided for all segments of the automotive retail industry, including dealers, lenders, other equipment manufacturers (NASDAQ:TRAK), third party retailers, agents and aftermarket providers.
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