Legal & General Group Plc raised its position in shares of TrueCar, Inc. (NASDAQ:TRUE) by 33.0% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,862 shares of the technology company’s stock after buying an additional 4,430 shares during the period. Legal & General Group Plc’s holdings in TrueCar were worth $277,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TRUE. Sei Investments Co. acquired a new position in shares of TrueCar during the first quarter worth $167,000. Swiss National Bank boosted its position in shares of TrueCar by 3.3% in the first quarter. Swiss National Bank now owns 77,500 shares of the technology company’s stock worth $1,199,000 after buying an additional 2,500 shares during the period. Bank of New York Mellon Corp boosted its position in shares of TrueCar by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 341,422 shares of the technology company’s stock worth $5,282,000 after buying an additional 14,439 shares during the period. Falcon Point Capital LLC acquired a new position in shares of TrueCar during the first quarter worth $16,441,000. Finally, State Board of Administration of Florida Retirement System boosted its position in shares of TrueCar by 12.1% in the first quarter. State Board of Administration of Florida Retirement System now owns 92,172 shares of the technology company’s stock worth $1,426,000 after buying an additional 9,936 shares during the period. Hedge funds and other institutional investors own 83.72% of the company’s stock.

TrueCar, Inc. (NASDAQ:TRUE) opened at 16.56 on Thursday. TrueCar, Inc. has a 12-month low of $8.09 and a 12-month high of $21.75. The firm’s market cap is $1.55 billion. The firm’s 50-day moving average is $19.66 and its 200 day moving average is $16.67.

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A number of brokerages recently weighed in on TRUE. Zacks Investment Research cut shares of TrueCar from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Morgan Stanley restated an “underweight” rating and issued a $13.00 price objective (up previously from $12.00) on shares of TrueCar in a report on Thursday, July 20th. B. Riley restated a “buy” rating and issued a $21.00 price objective on shares of TrueCar in a report on Wednesday. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 price objective on shares of TrueCar in a report on Friday, August 4th. Finally, TheStreet upgraded shares of TrueCar from a “d” rating to a “c” rating in a report on Monday, May 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. TrueCar presently has an average rating of “Buy” and an average target price of $18.56.

In other TrueCar news, EVP Jeff Swart sold 34,863 shares of the stock in a transaction that occurred on Wednesday, July 26th. The shares were sold at an average price of $19.82, for a total value of $690,984.66. Following the completion of the sale, the executive vice president now owns 99,084 shares of the company’s stock, valued at $1,963,844.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Michael Guthrie sold 33,673 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $19.01, for a total transaction of $640,123.73. Following the completion of the sale, the chief financial officer now directly owns 381,379 shares of the company’s stock, valued at approximately $7,250,014.79. The disclosure for this sale can be found here. Insiders sold 1,513,149 shares of company stock valued at $28,870,907 in the last ninety days. 17.30% of the stock is owned by corporate insiders.

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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Institutional Ownership by Quarter for TrueCar (NASDAQ:TRUE)

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