John Pierantoni Sells 3,964 Shares of TrueCar, Inc. (TRUE) Stock

TrueCar, Inc. (NASDAQ:TRUE) SVP John Pierantoni sold 3,964 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $16.56, for a total value of $65,643.84. Following the sale, the senior vice president now owns 67,589 shares in the company, valued at $1,119,273.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

John Pierantoni also recently made the following trade(s):

  • On Wednesday, July 26th, John Pierantoni sold 55,895 shares of TrueCar stock. The stock was sold at an average price of $19.81, for a total value of $1,107,279.95.

Shares of TrueCar, Inc. (NASDAQ:TRUE) opened at 16.35 on Thursday. The firm’s 50-day moving average price is $17.04 and its 200 day moving average price is $17.31. TrueCar, Inc. has a 52 week low of $8.47 and a 52 week high of $21.75. The firm’s market capitalization is $1.61 billion.

TrueCar (NASDAQ:TRUE) last released its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02. The firm had revenue of $81.82 million during the quarter, compared to analysts’ expectations of $80.75 million. TrueCar had a negative return on equity of 11.00% and a negative net margin of 9.86%. The business’s revenue for the quarter was up 23.2% on a year-over-year basis. During the same quarter last year, the firm earned ($0.05) earnings per share. On average, analysts anticipate that TrueCar, Inc. will post $0.02 EPS for the current year.

COPYRIGHT VIOLATION NOTICE: This report was published by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this report on another domain, it was copied illegally and republished in violation of U.S. and international copyright legislation. The legal version of this report can be read at https://stocknewstimes.com/2017/09/21/john-pierantoni-sells-3964-shares-of-truecar-inc-true-stock.html.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in TRUE. Baker Avenue Asset Management LP raised its holdings in TrueCar by 1.9% during the second quarter. Baker Avenue Asset Management LP now owns 37,006 shares of the technology company’s stock valued at $738,000 after buying an additional 681 shares in the last quarter. Ameritas Investment Partners Inc. raised its holdings in TrueCar by 15.6% during the second quarter. Ameritas Investment Partners Inc. now owns 5,427 shares of the technology company’s stock valued at $108,000 after buying an additional 734 shares in the last quarter. B. Riley Financial Inc. raised its holdings in TrueCar by 3.7% during the second quarter. B. Riley Financial Inc. now owns 34,095 shares of the technology company’s stock valued at $680,000 after buying an additional 1,220 shares in the last quarter. Legal & General Group Plc raised its holdings in TrueCar by 10.5% during the second quarter. Legal & General Group Plc now owns 19,734 shares of the technology company’s stock valued at $389,000 after buying an additional 1,872 shares in the last quarter. Finally, Teachers Advisors LLC raised its holdings in TrueCar by 2.1% during the first quarter. Teachers Advisors LLC now owns 94,754 shares of the technology company’s stock valued at $1,466,000 after buying an additional 1,932 shares in the last quarter. 91.71% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently issued reports on the company. B. Riley restated a “buy” rating and issued a $21.50 price objective on shares of TrueCar in a research report on Tuesday, June 20th. Zacks Investment Research downgraded TrueCar from a “buy” rating to a “hold” rating in a research report on Thursday, July 13th. Morgan Stanley restated an “underweight” rating and issued a $13.00 price objective (up from $12.00) on shares of TrueCar in a research report on Thursday, July 20th. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 price objective on shares of TrueCar in a research report on Friday, August 4th. Finally, Cowen and Company restated a “hold” rating and issued a $15.00 price objective on shares of TrueCar in a research report on Thursday, August 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $18.56.

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

Latest News

Leave a Reply