TrueCar, Inc. (TRUE) EVP Neeraj Gunsagar Sells 10,442 Shares of Stock
TrueCar, Inc. (NASDAQ:TRUE) EVP Neeraj Gunsagar sold 10,442 shares of TrueCar stock in a transaction on Monday, September 18th. The stock was sold at an average price of $16.56, for a total value of $172,919.52. Following the completion of the transaction, the executive vice president now owns 283,508 shares in the company, valued at $4,694,892.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Neeraj Gunsagar also recently made the following trade(s):
- On Wednesday, July 26th, Neeraj Gunsagar sold 70,182 shares of TrueCar stock. The stock was sold at an average price of $19.80, for a total value of $1,389,603.60.
- On Thursday, July 27th, Neeraj Gunsagar sold 158,160 shares of TrueCar stock. The stock was sold at an average price of $19.30, for a total value of $3,052,488.00.
TrueCar, Inc. (TRUE) opened at 16.63 on Wednesday. TrueCar, Inc. has a one year low of $8.47 and a one year high of $21.75. The stock’s market cap is $1.64 billion. The stock’s 50 day moving average price is $17.04 and its 200-day moving average price is $17.31.
TrueCar (NASDAQ:TRUE) last issued its quarterly earnings data on Tuesday, August 8th. The technology company reported $0.01 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.01) by $0.02. The business had revenue of $81.82 million for the quarter, compared to the consensus estimate of $80.75 million. TrueCar had a negative return on equity of 11.00% and a negative net margin of 9.86%. The firm’s revenue was up 23.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.05) EPS. On average, analysts predict that TrueCar, Inc. will post $0.02 earnings per share for the current year.
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A number of equities analysts recently issued reports on TRUE shares. Royal Bank Of Canada restated a “buy” rating and issued a $22.00 target price on shares of TrueCar in a report on Friday, August 4th. Zacks Investment Research cut TrueCar from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. B. Riley restated a “buy” rating and issued a $21.00 target price on shares of TrueCar in a report on Monday, August 21st. Cowen and Company restated a “hold” rating and issued a $15.00 target price on shares of TrueCar in a report on Thursday, August 17th. Finally, Morgan Stanley restated an “underweight” rating and issued a $13.00 target price (up from $12.00) on shares of TrueCar in a report on Thursday, July 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $18.56.
A number of institutional investors have recently modified their holdings of TRUE. Caledonia Private Investments Pty Ltd raised its stake in TrueCar by 158.6% during the 2nd quarter. Caledonia Private Investments Pty Ltd now owns 11,972,257 shares of the technology company’s stock worth $238,607,000 after buying an additional 7,342,518 shares during the period. Steadfast Capital Management LP bought a new position in TrueCar during the 2nd quarter worth about $56,303,000. Ontario Teachers Pension Plan Board bought a new position in TrueCar during the 2nd quarter worth about $49,825,000. Vanguard Group Inc. increased its holdings in TrueCar by 43.9% during the 2nd quarter. Vanguard Group Inc. now owns 6,574,867 shares of the technology company’s stock worth $131,037,000 after purchasing an additional 2,004,642 shares in the last quarter. Finally, Calixto Global Investors LP bought a new position in TrueCar during the 2nd quarter worth about $29,373,000. 91.71% of the stock is currently owned by institutional investors and hedge funds.
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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