Caledonia Private Investments Pty Ltd increased its holdings in shares of TrueCar Inc (NASDAQ:TRUE) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,474,191 shares of the technology company’s stock after acquiring an additional 233,433 shares during the period. TrueCar makes up 4.7% of Caledonia Private Investments Pty Ltd’s investment portfolio, making the stock its 7th largest holding. Caledonia Private Investments Pty Ltd owned about 16.48% of TrueCar worth $184,511,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of TRUE. SG Americas Securities LLC purchased a new position in TrueCar in the third quarter worth about $104,000. Massey Quick Simon & CO. LLC purchased a new position in TrueCar in the third quarter worth about $119,000. Global Endowment Management LP purchased a new position in TrueCar in the fourth quarter worth about $133,000. Quantitative Systematic Strategies LLC purchased a new position in TrueCar in the fourth quarter worth about $190,000. Finally, MANA Advisors LLC purchased a new position in TrueCar in the fourth quarter worth about $208,000. 89.04% of the stock is currently owned by institutional investors and hedge funds.
In other TrueCar news, SVP John Pierantoni sold 2,494 shares of the company’s stock in a transaction that occurred on Tuesday, January 2nd. The shares were sold at an average price of $11.29, for a total transaction of $28,157.26. Following the completion of the sale, the senior vice president now directly owns 57,513 shares of the company’s stock, valued at $649,321.77. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Neeraj Gunsagar sold 10,443 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of $11.28, for a total transaction of $117,797.04. Following the sale, the executive vice president now directly owns 254,144 shares of the company’s stock, valued at $2,866,744.32. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 15,670 shares of company stock valued at $177,654. 15.50% of the stock is owned by corporate insiders.
TrueCar Inc (NASDAQ TRUE) opened at $10.99 on Wednesday. The company has a current ratio of 6.41, a quick ratio of 6.41 and a debt-to-equity ratio of 0.09. TrueCar Inc has a twelve month low of $10.16 and a twelve month high of $21.75. The firm has a market cap of $1,116.20, a P/E ratio of -31.40 and a beta of 2.52.
TrueCar (NASDAQ:TRUE) last released its quarterly earnings data on Thursday, February 15th. The technology company reported $0.05 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.04. TrueCar had a negative net margin of 10.16% and a negative return on equity of 8.70%. The firm had revenue of $83.13 million during the quarter, compared to analysts’ expectations of $81.72 million. During the same period in the previous year, the company earned ($0.01) earnings per share. The firm’s quarterly revenue was up 12.2% on a year-over-year basis. analysts anticipate that TrueCar Inc will post -0.25 EPS for the current fiscal year.
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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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