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

Trustpilot Group plc (LON:TRST)’s share price traded up 13.3% on Saturday after an insider bought additional shares in the company. 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 bought at an average cost of GBX 140 per share, for a total transaction of £1,005.20. Also, insider Hanno Damm bought 50,000 shares of the company’s stock in a transaction dated Thursday, December 4th. The stock was bought at an average price of GBX 140 per share, for a total transaction of £70,000. In related news, insider Zillah Byng-Thorne purchased 108,116 shares of Trustpilot Group stock in a transaction that occurred on Thursday, December 4th. The stock was purchased at an average price of GBX 138 per share, for a total transaction of £149,200.08.

Wall Street Analyst Weigh In

Several equities research analysts have commented on TRST shares. Deutsche Bank Aktiengesellschaft boosted their price objective on Trustpilot Group from GBX 331 to GBX 343 and gave the stock a “buy” rating in a research note on Tuesday, September 16th. UBS Group reiterated a “buy” rating and set a GBX 400 price target on shares of Trustpilot Group in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 340.75.

Trustpilot Group Stock Up 13.3%

The company has a debt-to-equity ratio of 41.16, a current ratio of 1.31 and a quick ratio of 1.71. The company has a market capitalization of £584.44 million, a PE ratio of -1.24 and a beta of 1.02. The business’s 50 day simple moving average is GBX 197.45 and its 200 day simple moving average is GBX 219.41.

Trustpilot Group announced that its Board of Directors has initiated a share buyback program on Tuesday, September 16th that permits the company to buyback 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

About Trustpilot Group

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.