Insider Selling: Paul M. Levine Unloads 20,000 Shares of Trulia Stock (TRLA)
Trulia (NASDAQ:TRLA) Insider Paul M. Levine sold 20,000 shares of the stock on the open market in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $61.28, for a total value of $1,225,600.00. Following the sale, the insider now directly owns 73,640 shares of the company’s stock, valued at approximately $4,512,659. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Trulia (NASDAQ:TRLA) traded down 3.06% during mid-day trading on Wednesday, hitting $59.95. 374,993 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 $56.3 and a 200-day moving average of $41.09. The company’s market cap is $2.237 billion.
Trulia (NASDAQ:TRLA) last posted its quarterly earnings results 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 $-0.27 EPS for the current fiscal year.
TRLA has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Trulia from an “underperform” rating to a “neutral” rating in a research note on Thursday, August 28th. 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 investment analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target 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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