Trulia Director Sami Inkinen Sells 8,300 Shares (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen sold 8,300 shares of Trulia stock on the open market in a transaction that occurred on Monday, July 7th. The shares were sold at an average price of $45.57, for a total value of $378,231.00. Following the transaction, the director now directly owns 637,352 shares in the company, valued at approximately $29,044,131. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Trulia (NASDAQ:TRLA) traded down 7.26% on Tuesday, hitting $41.67. 1,646,800 shares of the company’s stock traded hands. Trulia has a one year low of $26.35 and a one year 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 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. On average, analysts predict that Trulia will post $-0.35 earnings per share for the current fiscal year.
Several analysts have recently commented on the stock. 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 research analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have assigned a buy rating to the company. 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.
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