TrueCar, Inc. (TRUE) SVP Sells $41,785.71 in Stock
TrueCar, Inc. (NASDAQ:TRUE) SVP John Pierantoni sold 2,633 shares of TrueCar stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $15.87, for a total value of $41,785.71. Following the completion of the transaction, the senior vice president now owns 63,027 shares of the company’s stock, valued at $1,000,238.49. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
John Pierantoni also recently made the following trade(s):
- On Monday, September 18th, John Pierantoni sold 3,964 shares of TrueCar stock. The stock was sold at an average price of $16.56, for a total value of $65,643.84.
- On Wednesday, July 26th, John Pierantoni sold 55,895 shares of TrueCar stock. The stock was sold at an average price of $19.81, for a total value of $1,107,279.95.
TrueCar, Inc. (TRUE) traded up 0.88% on Tuesday, hitting $15.96. The stock had a trading volume of 727,200 shares. The firm’s market cap is $1.57 billion. TrueCar, Inc. has a 12-month low of $8.47 and a 12-month high of $21.75. The company’s 50 day moving average is $16.36 and its 200 day moving average is $17.37.
TrueCar (NASDAQ:TRUE) last issued its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02. TrueCar had a negative net margin of 9.86% and a negative return on equity of 11.00%. The firm had revenue of $81.82 million for the quarter, compared to analyst estimates of $80.75 million. During the same quarter in the previous year, the business posted ($0.05) EPS. The firm’s revenue was up 23.2% compared to the same quarter last year. On average, equities research analysts expect that TrueCar, Inc. will post $0.02 EPS for the current fiscal year.
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Several institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. increased its position in shares of TrueCar by 15.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,427 shares of the technology company’s stock worth $108,000 after acquiring an additional 734 shares during the last quarter. BNP Paribas Arbitrage SA lifted its stake in shares of TrueCar by 648.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,937 shares of the technology company’s stock worth $158,000 after acquiring an additional 6,876 shares in the last quarter. Sei Investments Co. acquired a new position in shares of TrueCar in the first quarter worth about $167,000. North Star Investment Management Corp. acquired a new position in shares of TrueCar in the second quarter worth about $179,000. Finally, SG Americas Securities LLC acquired a new position in shares of TrueCar in the first quarter worth about $190,000. Institutional investors own 91.71% of the company’s stock.
Several brokerages have weighed in on TRUE. B. Riley restated a “buy” rating and set a $21.00 price target on shares of TrueCar in a report on Monday. Morgan Stanley upgraded TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price objective for the company in a research note on Monday. Cowen and Company reiterated a “hold” rating and issued a $15.00 price objective on shares of TrueCar in a research note on Thursday, August 17th. Royal Bank Of Canada reissued an “outperform” rating and set a $23.00 price objective (up from $22.00) on shares of TrueCar in a research report on Thursday, August 10th. Finally, Zacks Investment Research downgraded TrueCar from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $18.56.
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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