Trustpilot Group (LON:TRST) Shares Up 13.3% After Insider Buying Activity

Trustpilot Group plc (LON:TRST)’s share price shot up 13.3% during trading on Saturday following insider buying activity. The stock traded as high as GBX 150 and last traded at GBX 146.40. 8,857,204 shares traded hands during trading, an increase of 137% from the average session volume of 3,740,079 shares. The stock had previously closed at GBX 129.20.

Specifically, insider Joe Hurd acquired 718 shares of Trustpilot Group stock in a transaction on Friday, December 5th. The stock was acquired at an average cost of GBX 140 per share, with a total value of £1,005.20. Also, insider Hanno Damm bought 50,000 shares of the stock in a transaction on Thursday, December 4th. The stock was purchased at an average price of GBX 140 per share, for a total transaction of £70,000. In other news, insider Zillah Byng-Thorne purchased 108,116 shares of the company’s stock in a transaction dated Thursday, December 4th. The shares were purchased at an average price of GBX 138 per share, with a total value of £149,200.08.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. UBS Group restated a “buy” rating and issued a GBX 400 price objective on shares of Trustpilot Group in a research note on Friday, September 5th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 340.75.

Trustpilot Group Price Performance

The business has a fifty day moving average of GBX 197.45 and a 200-day moving average of GBX 219.41. The company has a current ratio of 1.31, a quick ratio of 1.71 and a debt-to-equity ratio of 41.16. The firm has a market cap of £584.44 million, a PE ratio of -1.24 and a beta of 1.02.

Trustpilot Group announced that its Board of Directors has initiated a share repurchase program on Tuesday, September 16th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Trustpilot Group Company Profile

Trustpilot began in 2007 with a simple yet powerful idea that is more relevant today than ever — to be the universal symbol of trust, bringing consumers and businesses together through reviews. Trustpilot is open, independent, and impartial — we help consumers make the right choices and businesses to build trust, grow and improve.

Today, we have more than 300 million reviews and 67 million monthly active users across the globe, with 127 billion annual Trustpilot brand impressions, and the numbers keep growing.