Insider Selling: Trulia Director Sells 8,300 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) Director Sami Inkinen unloaded 8,300 shares of the company’s stock on the open market in a transaction dated Monday, July 14th. The stock was sold at an average price of $41.60, for a total value of $345,280.00. Following the transaction, the director now directly owns 629,052 shares of the company’s stock, valued at approximately $26,168,563. 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, July 8th. 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 equities research analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $39.82.
Shares of Trulia (NASDAQ:TRLA) traded down 2.91% on Tuesday, hitting $40.03. 1,092,919 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 has a 50-day moving average of $42.31 and a 200-day moving average of $35.83. The company’s market cap is $1.478 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly earnings results on Tuesday, April 29th. The company reported ($0.14) earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted ($0.02) earnings per share. The company’s revenue for the quarter 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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