Insider Selling: Peter Flint Unloads 10,400 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint unloaded 10,400 shares of the stock in a transaction that occurred on Monday, June 9th. The stock was sold at an average price of $39.12, for a total value of $406,848.00. Following the sale, the chief executive officer now directly owns 1,379,691 shares of the company’s stock, valued at approximately $53,973,512. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
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, June 5th. 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 analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. Trulia currently has a consensus rating of “Hold” and a consensus target price of $39.16.
Shares of Trulia (NASDAQ:TRLA) traded up 3.37% on Tuesday, hitting $39.93. The stock had a trading volume of 1,450,053 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 $35.16 and a 200-day moving average of $33.79. The company’s market cap is $1.474 billion.
Trulia (NASDAQ:TRLA) last issued its quarterly earnings data on Tuesday, April 29th. The company reported ($0.14) EPS for the quarter, missing the Thomson Reuters 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 prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue 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.
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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