Trulia CEO Unloads $413,296 in Stock (TRLA)
Trulia (NASDAQ:TRLA) CEO Peter Flint sold 10,400 shares of the stock in a transaction dated Monday, July 21st. The stock was sold at an average price of $39.74, for a total value of $413,296.00. Following the transaction, the chief executive officer now directly owns 1,327,283 shares of the company’s stock, valued at approximately $52,746,226. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Several analysts have recently commented on the stock. Analysts at Barclays reiterated an “equal weight” rating on shares of Trulia in a research note on Thursday, July 17th. They now have a $45.00 price target on the stock, up previously from $38.00. Separately, 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. Finally, 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. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $40.60.
Trulia (NASDAQ:TRLA) traded up 3.18% on Tuesday, hitting $40.91. The stock had a trading volume of 919,747 shares. 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 $42.37 and its 200-day moving average is $36.01. The company’s market cap is $1.511 billion.
Trulia (NASDAQ:TRLA) last released its earnings data 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 $-0.35 EPS 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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