Insider Selling: Sami Inkinen Unloads 4,000 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen sold 4,000 shares of the stock in a transaction dated Thursday, May 29th. The shares were sold at an average price of $41.00, for a total value of $164,000.00. Following the completion of the sale, the director now directly owns 714,403 shares of the company’s stock, valued at approximately $29,290,523. The sale was disclosed in a filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. Trulia presently has a consensus rating of “Hold” and an average price target of $40.64.
Shares of Trulia (NASDAQ:TRLA) traded down 0.32% during mid-day trading on Thursday, hitting $40.01. 1,835,949 shares of the company’s stock traded hands. Trulia has a 52-week low of $26.35 and a 52-week high of $52.71. The stock has a 50-day moving average of $33.68 and a 200-day moving average of $33.78. The company’s market cap is $1.477 billion.
Trulia (NASDAQ:TRLA) last announced its earnings results on Tuesday, April 29th. The company reported ($0.14) earnings per share for the quarter, missing the analysts’ 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 last year, the company posted ($0.02) earnings per share. Trulia’s revenue was up 127.1% compared to the same quarter last year. On average, analysts predict that Trulia will post $-0.36 earnings per share for the current fiscal year.
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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