Insider Selling: Trulia CTO Sells 2,093 Shares of Stock (TRLA)
Trulia (NASDAQ:TRLA) CTO Daniele Farnedi sold 2,093 shares of Trulia stock on the open market in a transaction that occurred on Wednesday, August 27th. The shares were sold at an average price of $61.11, for a total value of $127,903.23. Following the completion of the transaction, the chief technology officer now directly owns 9,641 shares of the company’s stock, valued at approximately $589,162. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Trulia (NASDAQ:TRLA) traded down 0.05% during mid-day trading on Thursday, hitting $61.47. The stock had a trading volume of 791,265 shares. 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 $54.1 and a 200-day moving average of $40.40. The company’s market cap is $2.293 billion.
Trulia (NASDAQ:TRLA) last issued its quarterly earnings data on Thursday, July 31st. The company reported ($0.11) EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was up 115.8% on a year-over-year basis. 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 Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note on Thursday. They now have a $62.50 price target on the stock. Separately, analysts at Macquarie raised their price target on shares of Trulia from $56.00 to $70.00 in a research note on Tuesday, August 5th. They now have an “outperform” rating on the stock. Finally, analysts at RBC Capital raised their price target on shares of Trulia from $45.00 to $64.00 in a research note on Friday, August 1st. Two analysts have rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $53.05.
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.
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