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.
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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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