Insider Selling: Trulia CEO Unloads 10,400 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint unloaded 10,400 shares of the stock on the open market in a transaction dated Monday, June 23rd. The stock was sold at an average price of $43.65, for a total value of $453,960.00. Following the completion of the transaction, the chief executive officer now directly owns 1,358,891 shares in the company, valued at approximately $59,315,592. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
Trulia (NASDAQ:TRLA) traded up 4.08% during mid-day trading on Wednesday, hitting $45.69. The stock had a trading volume of 973,573 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 $38.30 and a 200-day moving average of $34.6. The company’s market cap is $1.687 billion.
Trulia (NASDAQ:TRLA) last released its earnings data 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 analysts have recently weighed in on TRLA shares. Analysts at Oppenheimer initiated coverage on shares of Trulia in a research note on Thursday, June 19th. They set a “market perform” rating on the stock. Separately, analysts at RBC Capital downgraded shares of Trulia from an “outperform” rating to a “sector perform” rating in a research note on Thursday, June 19th. They now have a $45.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Needham & Company LLC reiterated a “positive” rating on shares of Trulia in a research note on Thursday, June 5th. Three equities research analysts have rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $38.16.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.