Trulia CEO Unloads $473,720 in Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint sold 10,400 shares of the company’s stock in a transaction dated Monday, July 7th. The shares were sold at an average price of $45.55, for a total transaction of $473,720.00. Following the sale, the chief executive officer now directly owns 1,348,083 shares in the company, valued at approximately $61,405,181. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of research firms have recently commented on TRLA. Analysts at Macquarie initiated coverage on shares of Trulia in a research note on Tuesday. They set an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 1st. They now have a $48.40 price target on the stock. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. Trulia has an average rating of “Hold” and a consensus target price of $39.82.
Trulia (NASDAQ:TRLA) traded down 7.26% during mid-day trading on Tuesday, hitting $41.67. The stock had a trading volume of 1,646,800 shares. 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 $41.85 and its 200-day moving average is $35.61. The company’s market cap is $1.539 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 $-0.35 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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