Insider Selling: Paul M. Levine Sells 5,000 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) COO Paul M. Levine unloaded 5,000 shares of the stock on the open market in a transaction that occurred on Tuesday, June 10th. The shares were sold at an average price of $40.05, for a total transaction of $200,250.00. Following the transaction, the chief operating officer now directly owns 74,899 shares in the company, valued at approximately $2,999,705. 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 0.12% during mid-day trading on Thursday, hitting $41.21. The stock had a trading volume of 1,720,061 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 $35.31 and a 200-day moving average of $33.85. The company’s market cap is $1.522 billion.
Trulia (NASDAQ:TRLA) last announced its earnings results 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.
A number of analysts have recently weighed in on TRLA shares. 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 research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. The company currently 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.