Insider Selling: Ian H. Morris Sells 86,410 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) Insider Ian H. Morris unloaded 86,410 shares of Trulia stock on the open market in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $60.56, for a total transaction of $5,232,989.60. Following the sale, the insider now directly owns 5,701 shares in the company, valued at approximately $345,253. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Trulia (NASDAQ:TRLA) traded down 3.94% during mid-day trading on Tuesday, hitting $58.58. 2,998,363 shares of the company’s stock traded hands. Trulia has a 52 week low of $26.35 and a 52 week high of $67.50. The stock has a 50-day moving average of $47.08 and a 200-day moving average of $37.35. The company’s market cap is $2.171 billion.
Trulia (NASDAQ:TRLA) last released its earnings data on Thursday, July 31st. The company reported ($0.11) earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.16) by $0.05. The company had revenue of $64.10 million for the quarter, compared to the consensus estimate of $62.32 million. During the same quarter last year, the company posted $0.05 earnings per share. Trulia’s revenue was up 115.8% compared to the same quarter last year. Analysts expect that Trulia will post $-0.28 EPS for the current fiscal year.
A number of research firms have recently commented on TRLA. Analysts at Macquarie raised their price target on shares of Trulia from $56.00 to $70.00 in a research note on Tuesday. They now have an “outperform” rating on the stock. Separately, analysts at RBC Capital raised their price target on shares of Trulia from $45.00 to $64.00 in a research note on Friday. Finally, analysts at Deutsche Bank cut their price target on shares of Trulia from $71.00 to $64.00 in a research note on Friday. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $52.82.
Trulia, Inc is a real estate search engine company. The Company also offers a suite of free and subscription products that provide real estate professionals with access to transaction-ready consumers and help them to grow and manage their online presence.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.