Insider Selling: Trulia Insider Sells 5,444 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) Insider Ian H. Morris sold 5,444 shares of Trulia stock in a transaction dated Monday, July 14th. The shares were sold at an average price of $41.63, for a total value of $226,633.72. Following the completion of the transaction, the insider now directly owns 5,265 shares of the company’s stock, valued at approximately $219,182. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
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 1-year low of $26.35 and a 1-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) 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.
TRLA has been the subject of a number of recent research reports. 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 analysts have rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the company. Trulia presently has a consensus rating of “Hold” and a consensus 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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