Insider Selling: Trulia CEO Sells 10,400 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint sold 10,400 shares of the stock on the open market in a transaction dated Monday, June 30th. The stock was sold at an average price of $47.84, for a total transaction of $497,536.00. Following the transaction, the chief executive officer now directly owns 1,348,491 shares of the company’s stock, valued at approximately $64,511,809. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Trulia (NASDAQ:TRLA) traded down 2.09% during mid-day trading on Tuesday, hitting $46.39. 1,270,435 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’s 50-day moving average is $39.73 and its 200-day moving average is $35.09. The company’s market cap is $1.713 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. Analysts expect that Trulia will post $-0.36 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $48.40 price target on the stock. Separately, 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. Finally, 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. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Trulia presently has a consensus rating of “Hold” and an average target price of $39.82.
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.