Insider Selling: Trulia CEO Sells 10,400 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint unloaded 10,400 shares of Trulia stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $39.33, for a total transaction of $409,032.00. Following the sale, the chief executive officer now directly owns 1,387,799 shares in the company, valued at approximately $54,582,135. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Trulia (NASDAQ:TRLA) traded up 1.34% on Wednesday, hitting $40.14. The stock had a trading volume of 2,297,981 shares. Trulia has a one year low of $26.35 and a one year high of $52.71. The stock has a 50-day moving average of $33.52 and a 200-day moving average of $33.73. The company’s market cap is $1.482 billion.
Trulia (NASDAQ:TRLA) last announced its earnings results on Tuesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.12) by $0.02. The company had revenue of $54.50 million for the quarter, compared to the consensus estimate of $53.46 million. During the same quarter in the previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter was up 127.1% on a year-over-year basis. On average, analysts predict that Trulia will post $-0.36 earnings per share for the current fiscal year.
TRLA has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of Trulia from a “neutral” rating to an “underperform” rating in a research note on Tuesday, May 20th. They now have a $33.40 price target on the stock. Separately, analysts at TheStreet downgraded shares of Trulia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Finally, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Trulia in a research note on Wednesday, April 30th. They now have a $41.00 price target on the stock, down previously from $44.00. Three investment analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. Trulia presently has an average rating of “Hold” and an average target price of $40.64.
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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