Insider Buying: Steven J. Dietz Purchases 1,400 Shares of TrueCar Stock (TRUE)
TrueCar (NASDAQ:TRUE) Director Steven J. Dietz bought 1,400 shares of the company’s stock on the open market in a transaction that occurred on Monday, August 18th. The stock was purchased at an average price of $16.06 per share, for a total transaction of $22,484.00. Following the purchase, the director now directly owns 17,114 shares in the company, valued at approximately $274,851. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of TrueCar (NASDAQ:TRUE) opened at 17.05 on Thursday. TrueCar has a 1-year low of $9.05 and a 1-year high of $17.47. The stock has a 50-day moving average of $14.1 and a 200-day moving average of $13.25. The company’s market cap is $1.310 billion.
A number of research firms have recently commented on TRUE. Analysts at JMP Securities raised their price target on shares of TrueCar from $20.00 to $21.00 in a research note on Friday, August 8th. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of TrueCar from $19.00 to $20.00 in a research note on Friday, August 8th. Finally, analysts at Cowen and Company raised their price target on shares of TrueCar from $21.00 to $22.00 in a research note on Friday, August 8th. Two equities research analysts have rated the stock with a hold rating, The company has an average rating of “Hold” and an average target price of $19.20.
TrueCar, Inc (NASDAQ:TRUE) is a data-driven online platform operating a technology infrastructure, powered by data and analytics.
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