TrueCar Inc (TRUE) EVP Sells $12,341.52 in Stock

TrueCar Inc (NASDAQ:TRUE) EVP Neeraj Gunsagar sold 1,098 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $11.24, for a total value of $12,341.52. Following the sale, the executive vice president now directly owns 242,502 shares in the company, valued at approximately $2,725,722.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Neeraj Gunsagar also recently made the following trade(s):

  • On Monday, December 18th, Neeraj Gunsagar sold 10,443 shares of TrueCar stock. The shares were sold at an average price of $11.28, for a total value of $117,797.04.
  • On Monday, October 16th, Neeraj Gunsagar sold 1,882 shares of TrueCar stock. The shares were sold at an average price of $15.22, for a total value of $28,644.04.

Shares of TrueCar Inc (NASDAQ:TRUE) traded up $0.21 during midday trading on Friday, reaching $11.60. The company’s stock had a trading volume of 650,700 shares, compared to its average volume of 963,767. The company has a debt-to-equity ratio of 0.09, a quick ratio of 6.31 and a current ratio of 6.31. The firm has a market capitalization of $1,138.85, a P/E ratio of -32.22 and a beta of 2.71. TrueCar Inc has a fifty-two week low of $10.16 and a fifty-two week high of $21.75.

A number of hedge funds and other institutional investors have recently modified their holdings of TRUE. SG Americas Securities LLC acquired a new stake in TrueCar in the third quarter worth about $104,000. Ameritas Investment Partners Inc. raised its stake in shares of TrueCar by 15.6% in 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. Massey Quick Simon & CO. LLC purchased a new position in shares of TrueCar in the third quarter worth about $119,000. BNP Paribas Arbitrage SA raised its stake in shares of TrueCar by 648.1% in the second quarter. BNP Paribas Arbitrage SA now owns 7,937 shares of the technology company’s stock worth $158,000 after purchasing an additional 6,876 shares during the last quarter. Finally, Great West Life Assurance Co. Can raised its stake in shares of TrueCar by 185.6% in the second quarter. Great West Life Assurance Co. Can now owns 10,576 shares of the technology company’s stock worth $210,000 after purchasing an additional 6,873 shares during the last quarter. 92.15% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently weighed in on TRUE shares. B. Riley reaffirmed a “buy” rating and set a $18.00 price objective (down previously from $21.00) on shares of TrueCar in a research report on Tuesday, October 31st. Royal Bank of Canada lowered their price target on TrueCar from $23.00 to $18.00 and set an “outperform” rating for the company in a report on Tuesday, November 7th. Zacks Investment Research downgraded TrueCar from a “hold” rating to a “sell” rating in a report on Friday, October 6th. ValuEngine downgraded TrueCar from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, Morgan Stanley raised TrueCar from an “underweight” rating to an “equal weight” rating and set a $13.00 price target for the company in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $17.44.

COPYRIGHT VIOLATION WARNING: “TrueCar Inc (TRUE) EVP Sells $12,341.52 in Stock” was originally posted by Transcript Daily and is the property of of Transcript Daily. If you are viewing this report on another domain, it was stolen and republished in violation of US & international copyright and trademark laws. The correct version of this report can be accessed at https://transcriptdaily.com/2018/01/05/truecar-inc-true-evp-sells-12341-52-in-stock.html.

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.

Insider Buying and Selling by Quarter for TrueCar (NASDAQ:TRUE)

Receive News & Ratings for TrueCar Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueCar and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply