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.
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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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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