TrueCar, Inc. (TRUE) EVP Sells $17,294.88 in Stock
TrueCar, Inc. (NASDAQ:TRUE) EVP Neeraj Gunsagar sold 1,096 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $15.78, for a total transaction of $17,294.88. Following the transaction, the executive vice president now directly owns 271,866 shares in the company, valued at $4,290,045.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Neeraj Gunsagar also recently made the following trade(s):
- On Monday, September 18th, Neeraj Gunsagar sold 10,442 shares of TrueCar stock. The shares were sold at an average price of $16.56, for a total transaction of $172,919.52.
- On Wednesday, July 26th, Neeraj Gunsagar sold 70,182 shares of TrueCar stock. The shares were sold at an average price of $19.80, for a total transaction of $1,389,603.60.
- On Thursday, July 27th, Neeraj Gunsagar sold 158,160 shares of TrueCar stock. The stock was sold at an average price of $19.30, for a total transaction of $3,052,488.00.
TrueCar, Inc. (NASDAQ TRUE) traded up 0.88% during midday trading on Tuesday, hitting $15.96. 727,200 shares of the stock traded hands. The company has a 50-day moving average of $16.36 and a 200-day moving average of $17.37. The stock’s market cap is $1.57 billion. TrueCar, Inc. has a 1-year low of $8.47 and a 1-year high of $21.75.
TrueCar (NASDAQ:TRUE) last released its earnings results on Tuesday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.01) by $0.02. The firm had revenue of $81.82 million for the quarter, compared to analyst estimates of $80.75 million. TrueCar had a negative return on equity of 11.00% and a negative net margin of 9.86%. The company’s revenue was up 23.2% on a year-over-year basis. During the same quarter last year, the firm posted ($0.05) EPS. On average, equities analysts expect that TrueCar, Inc. will post $0.02 EPS for the current fiscal year.
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A number of brokerages have commented on TRUE. B. Riley reiterated a “buy” rating and issued a $21.00 price objective on shares of TrueCar in a report on Saturday, August 26th. Morgan Stanley reissued an “underweight” rating and issued a $13.00 price objective (up from $12.00) on shares of TrueCar in a research report on Thursday, July 20th. Royal Bank Of Canada restated an “outperform” rating and set a $23.00 target price (up from $22.00) on shares of TrueCar in a research note on Thursday, August 10th. Cowen and Company restated a “hold” rating and set a $15.00 target price on shares of TrueCar in a research note on Thursday, August 17th. Finally, Zacks Investment Research downgraded TrueCar from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $18.56.
Several institutional investors and hedge funds have recently bought and sold shares of TRUE. Baker Avenue Asset Management LP grew its stake in shares of TrueCar by 1.9% in the second quarter. Baker Avenue Asset Management LP now owns 37,006 shares of the technology company’s stock worth $738,000 after acquiring an additional 681 shares during the last quarter. Ameritas Investment Partners Inc. raised its stake in TrueCar by 15.6% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 5,427 shares of the technology company’s stock valued at $108,000 after purchasing an additional 734 shares during the last quarter. B. Riley Financial Inc. raised its stake in TrueCar by 3.7% during the 2nd quarter. B. Riley Financial Inc. now owns 34,095 shares of the technology company’s stock valued at $680,000 after purchasing an additional 1,220 shares during the last quarter. Legal & General Group Plc raised its stake in TrueCar by 10.5% during the 2nd quarter. Legal & General Group Plc now owns 19,734 shares of the technology company’s stock valued at $389,000 after purchasing an additional 1,872 shares during the last quarter. Finally, Teachers Advisors LLC raised its stake in TrueCar by 2.1% during the 1st quarter. Teachers Advisors LLC now owns 94,754 shares of the technology company’s stock valued at $1,466,000 after purchasing an additional 1,932 shares during the last quarter. 91.71% of the stock is owned by institutional investors.
TrueCar Company Profile
TrueCar, Inc is an Internet-based information, technology, and communication services company. The Company has a data-driven online platform, which features market data and analytics. The Company-branded platform is available on its TrueCar Website and mobile applications. It customizes and operates its platform on a co-branded basis for its affinity group marketing partners, including financial institutions, membership-based organizations, and employee buying programs for a range of enterprises.
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