TrueCar Inc (TRUE) EVP Neeraj Gunsagar Sells 1,635 Shares

TrueCar Inc (NASDAQ:TRUE) EVP Neeraj Gunsagar sold 1,635 shares of the business’s stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $11.84, for a total value of $19,358.40. Following the transaction, the executive vice president now directly owns 239,101 shares of the company’s stock, valued at approximately $2,830,955.84. The sale 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 Tuesday, January 2nd, Neeraj Gunsagar sold 1,098 shares of TrueCar stock. The stock was sold at an average price of $11.24, for a total value of $12,341.52.
  • On Monday, December 18th, Neeraj Gunsagar sold 10,443 shares of TrueCar stock. The stock was sold at an average price of $11.28, for a total value of $117,797.04.

TrueCar Inc (TRUE) traded up $0.09 during trading hours on Wednesday, hitting $11.90. The stock had a trading volume of 415,015 shares, compared to its average volume of 1,570,000. The company has a market capitalization of $1,190.00, a PE ratio of -34.00 and a beta of 2.70. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.31 and a current ratio of 6.31. TrueCar Inc has a 52 week low of $10.16 and a 52 week high of $21.75.

TrueCar (NASDAQ:TRUE) last released its quarterly earnings results on Monday, November 6th. The technology company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.03). TrueCar had a negative return on equity of 10.38% and a negative net margin of 10.29%. equities analysts forecast that TrueCar Inc will post -0.32 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. grew its holdings 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 purchasing an additional 734 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of TrueCar during the third quarter worth about $104,000. Massey Quick Simon & CO. LLC bought a new stake in shares of TrueCar during the third quarter worth about $119,000. BNP Paribas Arbitrage SA boosted its holdings in TrueCar by 648.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,937 shares of the technology company’s stock valued at $158,000 after acquiring an additional 6,876 shares during the last quarter. Finally, Vident Investment Advisory LLC bought a new stake in TrueCar in the third quarter valued at approximately $237,000. Institutional investors own 92.15% of the company’s stock.

Several research analysts have commented on the company. B. Riley reissued a “buy” rating and set a $21.00 target price on shares of TrueCar in a research note on Monday, October 2nd. Zacks Investment Research raised TrueCar from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. ValuEngine downgraded TrueCar from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Morgan Stanley raised TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 target price for the company in a research note on Monday, October 2nd. Finally, Royal Bank of Canada lowered their target price on TrueCar from $23.00 to $18.00 and set an “outperform” rating for the company in a research note on Tuesday, November 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. TrueCar presently has an average rating of “Hold” and an average price target of $17.50.

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About TrueCar

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.

Insider Buying and Selling by Quarter for TrueCar (NASDAQ:TRUE)

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