Insider Selling: Trulia Director Unloads 5,680 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) Director Gregory Waldorf sold 5,680 shares of Trulia stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $38.69, for a total transaction of $219,759.20. Following the completion of the sale, the director now directly owns 6,419 shares in the company, valued at approximately $248,351. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Trulia (NASDAQ:TRLA) traded up 1.98% on Thursday, hitting $38.65. The stock had a trading volume of 1,325,576 shares. Trulia has a 1-year low of $26.35 and a 1-year high of $52.71. The stock has a 50-day moving average of $34.66 and a 200-day moving average of $33.78. The company’s market cap is $1.427 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly 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. Analysts expect that Trulia will post $-0.36 EPS for the current fiscal year.
A number of research firms have recently commented on TRLA. Analysts at Needham & Company LLC reiterated a “positive” rating on shares of Trulia in a research note on Thursday. Separately, 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. Finally, analysts at TheStreet downgraded shares of Trulia from a “hold” rating to a “sell” rating in a research note on Wednesday, May 14th. Three research analysts have rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $39.16.
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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