Insider Selling: Eric Douglas Jacobs Unloads 12,000 Shares of DealerTrack Technologies Stock (TRAK)
DealerTrack Technologies (NASDAQ:TRAK) CFO Eric Douglas Jacobs unloaded 12,000 shares of DealerTrack Technologies stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $44.22, for a total transaction of $530,640.00. Following the completion of the transaction, the chief financial officer now directly owns 41,012 shares in the company, valued at approximately $1,813,551. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of DealerTrack Technologies from $53.00 to $56.00 in a research note on Tuesday, August 12th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $57.25.
DealerTrack Technologies (NASDAQ:TRAK) traded down 1.92% on Wednesday, hitting $43.37. 409,180 shares of the company’s stock traded hands. DealerTrack Technologies has a one year low of $36.43 and a one year high of $58.84. The stock has a 50-day moving average of $40.85 and a 200-day moving average of $44.82. The company’s market cap is $2.337 billion.
DealerTrack Technologies (NASDAQ:TRAK) last announced its earnings results on Monday, August 11th. The company reported $0.41 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.37 by $0.04. The company had revenue of $224.80 million for the quarter, compared to the consensus estimate of $213.45 million. During the same quarter last year, the company posted $0.37 earnings per share. DealerTrack Technologies’s revenue was up 84.6% compared to the same quarter last year. On average, analysts predict that DealerTrack Technologies will post $1.54 earnings per share for the current fiscal year.
Dealertrack Technologies, Inc (NASDAQ:TRAK), is a holding company and conducts a substantial amounts of its business through its subsidiaries.
Receive News & Ratings for DealerTrack Technologies Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DealerTrack Technologies Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.