Insider Selling: Richard Mcleer Sells 3,750 Shares of DealerTrack Technologies Stock (TRAK)
DealerTrack Technologies (NASDAQ:TRAK) EVP Richard Mcleer unloaded 3,750 shares of the company’s stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $40.08, for a total value of $150,300.00. Following the sale, the executive vice president now directly owns 28,833 shares of the company’s stock, valued at approximately $1,155,627. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TRAK has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of DealerTrack Technologies from an “outperform” rating to a “neutral” rating in a research note on Tuesday, April 22nd. They now have a $53.50 price target on the stock. Separately, analysts at Evercore Partners initiated coverage on shares of DealerTrack Technologies in a research note on Monday, March 10th. They set an “overweight” rating and a $66.00 price target on the stock. Finally, analysts at Macquarie raised their price target on shares of DealerTrack Technologies from $52.00 to $60.00 in a research note on Tuesday, March 4th. They now have a “neutral” rating on the stock. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $53.30.
Shares of DealerTrack Technologies (NASDAQ:TRAK) traded up 2.41% during mid-day trading on Monday, hitting $41.23. 1,041,931 shares of the company’s stock traded hands. DealerTrack Technologies has a 52 week low of $30.39 and a 52 week high of $58.84. The stock has a 50-day moving average of $44. and a 200-day moving average of $46.32. The company’s market cap is $2.209 billion.
DealerTrack Technologies (NASDAQ:TRAK) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.23 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.29 by $0.06. The company had revenue of $158.80 million for the quarter, compared to the consensus estimate of $155.74 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 45.6% on a year-over-year basis. On average, analysts predict that DealerTrack Technologies will post $1.48 EPS for the current fiscal year.
Dealertrack Technologies, Inc (NASDAQ:TRAK), is a holding company and conducts a substantial amounts of its business through its subsidiaries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.