Trustpilot Group (LON:TRST) Trading Down 12.7% After Insider Selling

Trustpilot Group plc (LON:TRST)’s stock price was down 12.7% during trading on Tuesday following insider selling activity. The company traded as low as GBX 205 and last traded at GBX 205.80. Approximately 11,003,530 shares changed hands during trading, a decline of 51% from the average daily volume of 22,288,791 shares. The stock had previously closed at GBX 235.80.

Specifically, insider Mohammed Anjarwala sold 21,593,420 shares of Trustpilot Group stock in a transaction on Tuesday, March 24th. The stock was sold at an average price of GBX 214, for a total value of £46,209,918.80. Also, insider Peter Holten Mühlmann sold 53,000 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of GBX 217, for a total value of £115,010. In other news, insider Hanno Damm sold 200,000 shares of the firm’s stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of GBX 210, for a total value of £420,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on TRST. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a GBX 290 price objective on shares of Trustpilot Group in a research note on Wednesday, January 21st. Deutsche Bank Aktiengesellschaft increased their target price on shares of Trustpilot Group from GBX 354 to GBX 375 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Finally, Berenberg Bank lifted their price target on shares of Trustpilot Group from GBX 300 to GBX 315 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Trustpilot Group currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 316.

Trustpilot Group Stock Up 0.7%

The firm has a 50-day simple moving average of GBX 175.51 and a 200 day simple moving average of GBX 186.31. The company has a debt-to-equity ratio of -269.41, a current ratio of 0.57 and a quick ratio of 1.71. The company has a market capitalization of £770.82 million, a PE ratio of -1.66 and a beta of 0.73.

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.